His death was announced by Ibadan high chief, Akogun Lekan Alabi, saying the revered chairman of Madandola Group OG companies died on Monday, June 29 in Lagos state.
However the cause of his death was not disclosed in the announcement.
The billionaire businessman is the father of one of Nigeria’s leading fashion designers, Folake Akindele-Coker, owner of Tiffany Amber brand.
He was a renowned business man who in his latter years was involved in philanthropy, which birthed the Bode Akindele Yield Initiative (BAYI) targeted at youth development and empowerment.
Through his Bode Akindele Foundation, the deceased has for many decades awarded scholarships to bright and indigent students
Chief Akindele recently donated N25 million each to Oyo and Lagos states as well as N50 million to the Federal Government to assist in the curtailing the spread of coronavirus in the country.
Madandola Group deals in various business ranging from maritime, properties, manufacturing, real estates to investments, finance and flour milling with its headquarters in the United Kingdom.
The late Chief reportedly called his family members for Lunch on Sunday and had hours of discussion with them before his passing in the early hours of today.
May his soul rest in peace.