SO SAD!! Popular Billionaire Dies In Ibadan, Days After Ajimobi’s Death


Ibadan has lost another industrious son, the parakoyi of Ibadanland, Chief Bode Akindele is dead. He was the father of popular Lagos Fashion Designer, Tiffany Amba.

He was the Baba-Ijo of Agbeni Methodist Church. He died on Monday at the age of 87.

The industrialist who was also the Parakoyi of Ibadanland and the Chairman of Madandola Group was a successful entrepreneur and a renowned industrialist in Nigeria.

Chief Bode Akindele was born 87years ago, precisely on the 2nd of June 1932. His father, Pa Joshua Laniyan Akindele, was a Chief Tax Clerk for the whole of the Western Region and as such hisposition 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. It is interesting to note that 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.


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