Bolu Akin-Olugbade, billionaire businessman, has died from COVID-19 complications.
According to family sources, the socialite died on Wednesday at the Paelon COVID Centre, Ikeja, Lagos.
He was born on April 2, 1956, to the family of late Babatunde Akin-Olugbade, Balogun of Owu and a wealthy businessman.
Until his death, Akin-Olugbade was the Aare Onakakanfo of Owu Kingdom.
He obtained a doctorate degree in Company Law from Cambridge University.
A native of Owu kingdom in Ogun state, late Akin-Olugbade was described as one of the world’s biggest Rolls-Royce collector. He was so obsessed with the brand that he had 10 Rolls Royce which has his customized plate numbers- ‘BOLU 1, 2, 3, 4, 5…”
His 10th Rolls Royce, the Cullinan worth $450,000, was reportedly the first shipped to Africa in 2019.
He was a lawyer and his business interest include property development, construction, manufacturing, logistics, distribution, maritime and offshore services and investment banking.
He attended Corona School, King’s College, Lagos and London University.
Akin-Olugbade had his master’s degree in law at University of California and obtained his doctorate degree in company law at Cambridge University.
A man of taste and glamour, Akin-Olugbade told ThisDay in 2018: “I have different concepts of how I spend money.
“I spend money on cars because I have always loved cars. I bought my first Rolls Royce in 1984 and now, I am on my ninth Rolls Royce. I believe in dressing well and I travel a lot.”
