Renowned entrepreneur and philanthropist, Chief Bode Akindele, is dead.
Chief Bode Akindele, the Parakoyi of Ibadan land and chairman of Madandola Group, died in Lagos on Monday, aged 88 years.
A close associate of the late Chief Bode Akindele, Oloye Lekan Alabi confirmed the demise.
Chief Bode Akindele’s donated N100 million to the Federal Government, Oyo and Lagos State governments in the fight against COVID-19 being the latest before his demise.
His father, Pa Joshua Laniyan Akindele, was a Chief Tax Clerk for the whole of the Western Region and as such his position can be equated to that of the Chairman of the Inland Revenue today and his mother, Rabiatu Adedigba, was a wealthy Ibadan trader who was politically influential. Alhaja Rabiatu was the first woman to go to Mecca in Ibadan.
Chief Akindele’s business empire operates under the name Modandola Group Of Companies, named after his mother, which translates to ‘God, if you give me the wealth, give me a child that can take care of it.’ Madandola Group spans from maritime to properties, manufacturing, real estates, investments, finance and flour milling with its headquarters in the United Kingdom.
The Fairgate Group, (a company owned by Chief Akindele, located on Bond Street, London, England), deals mainly in properties. Some of its tenants include giant retail stores like Sainsbury and Asda Wall Mart. As at the last quantification, the Fairgate Group was said to be worth over a billion pounds sterling.
Among the subsidiaries of the Madandola Group making waves in the business world include Standard Breweries, Ibadan, Diamond Foods Ltd, Ibadan, United Beverages Ltd, Ibadan, Associated Match Industry, Ibadan, merged with Ilorin, Port-Harcourt and Lagos to form a company with a large share of the Nigerian market and Standard Flour Mills in Lagos.