Akin-Olugbade reportedly died of COVID-19 complications on Wednesday.
The Special Adviser to the Governor on Public Communications, Remmy Hazzan, said, “He was an achiever per excellence. One of the foremost citizens of Owu kingdom which is the same kingdom former president came from.
“We as a state ask on behalf of the family for the fortitude to bear this irreparable loss.
According to family sources, the socialite died on Wednesday at an isolation facility in Lagos.
Akin-Olugbade was born on April 2, 1956, to the family of late Babatunde Akin-Olugbade, Balogun of Owu and a wealthy businessman.
He holds the traditional title of the Aare Ona-Kankanfo of Owu Kingdom.
He was a lawyer and his business interest include property development, construction, manufacturing, logistics, distribution, maritime and offshore services and investment banking.