Nigerian billionaire, Bolu Akin-Olugbade is dead

Bolu Akin-Olugbade

By Taiwo Okanlawon

Nigeria’s billionaire and socialite, Bolu Akin-Olugbade has died from COVID-19 complications.

The 61-year-old businessman passed away on Wednesday, at the Paelon COVID Centre, Ikeja, Lagos.

Until his death, Akin-Olugbade was the Aare Onakakanfo of Owu Kingdom.

He obtained a doctorate degree in Company Law from Cambridge University.

Akin-Olugbade was a Rolls Royce lover and one of the largest collectors worldwide.

His 10th Rolls Royce, the Cullinan worth $450,000, was reportedly the first shipped to Africa in 2019.

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.”


  1. The irony of a wasted life living in pursuit of money and materialism. What now happens to all the rolls Royce no wonder the bible says a man’s life does not consist of the abundance he has. True success in life is measured by how much you use billions of money to positively affect other people’s lives and not in material acquisition.

    • Wrong judgement. Did you read where he stated that he loved killing people or loved doing anything bad? When did loving cars and dressing well or traveling become a sin? Is being poor worthy than being rich? I want to be rich and live long too.

    • As an Owu man, I resent what you said about Chief Bolu Akin-Olugbade. What the hell are you talking about? Did he came to you to borrow money to buy his cars? What have you too done to “affect other people’s lives”?.

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