After several years of agonizing battle with prostrate cancer, insurance mogul and executive chairman, IGI Group, Remi Olowude finally succumbed to the cold hand of death in an American hospital.
Olowude died on Saturday at about 11:30pm Nigerian time, which was 3:30pm American time, after been in coma since the beginning of last week.
The insurance mogul, whose health had deteriorated in the past years, was first rumored to be bed-ridden in 2013 but the report was desperately denied by his media aides.
Those close the Oluwude’s IGI had told New Mail Nigeria at the time that his health had deteriorated badly that the heavily build frame of the insurance had emancipated so drastically.
“As I talk to you, the man is on the throes of death. He has emancipated so badly that you will barely recognize him any longer,” said an inside source who had pleaded anonymity at the time.
Just as his health status had for years remained a matter of speculations, his death on Saturday was also concealed till the cat was finally let out of the bag by persons close to the family.
As at the time of filing this report, no official confirmation has been mad either by the family or the company.
Olowude started IGI Plc in 1992 after leaving NICON Insurance Plc.
He has a very rich inter-disciplinary background with formal education in Economics both at the University of Lagos (1970-73) and the University of Santa Clara, California, United States (1976).
He is also an Associate of the Chartered Insurance Institute of London.
A self-motivated achiever, Olowude has deployed his multi-disciplinary background, professionalism and vision to build a conglomerate with interests in various sectors of the Nigerian Economy.
He has a total of 28 years cognate experience in Insurance Management.
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