The Parakoyi of Ibadanland and the Chairman of Madandola Group, Chief Bode Akindele, is dead.
Akindele, who was a successful entrepreneur and philanthropist, died in his Apapa, Lagos home on Monday at the age of 88 years, according to a reliable source. Born on June 2,1932, his father, Pa Joshua Laniyan Akindele, was a Chief Tax Clerk for the entire defunct Western Region, a position that can be equated to that of the Chairman of the Inland Revenue today. 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.
The Fairgate Group, , deals mainly in properties. Some of its tenants include giant retail stores such as Sainsbury and Asda supermarkets. As at the last quantification, the Fairgate Group was said to be worth over £1billion. Among the subsidiaries of the Madandola Group 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.