Latest reports reaching me has it that the Oyo State business man and Aare Musulumi of Yoruba land
is dead.
SAHARA REPORTERS: It
has been confirmed that Abdulazeez Arisekola Alao, a controversial
businessman who was based in Ibadan, capital of Oyo State, died
yesterday at a hospital in Switzerland.
A family source confirmed Mr. Alao’s death to our correspondent,
stating that the cause was colon cancer. The source also stated that the
remains of the deceased businessman were being conveyed to Nigeria for
burial as early as tomorrow in keeping with Muslim rites. In 1980, a
group of Islamic clerics named him the Aare Musulumi of Yorubaland,
making him one of the most notable Islamic figures in Nigeria’s
southwest.
Apart from being a prominent Muslim figure in Nigeria,
Mr. Alao was also known for his cozy relationship with the late General
Sani Abacha, one of Nigeria’s most repressive dictators.
Mr. Alao, who was born in 1945, started out as a trader in his youth and
grew into a businessman with investments in real estate, auto sales,
news media, and flourmills. Like many Nigerian business owners, he
depended on the patronage of political leaders to maintain the image of
having vast wealth.
In 2011, Guaranty Trust Bank Plc filed a lawsuit seeking an order to
declare Mr. Alao bankrupt. The lawsuit arose from a loan of close to N7
billion that Mr. Alao had taken from the bank but failed to service.
The late Mr. Alao was married to several wives and many children.
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