The death has been announced of the Executive Vice Chairman/CEO of Industrial and General Insurance (IGI) Company, Mr. Remi Olowude.
Olowude, who founded IGI, reportedly died of prostate cancer at the age of 63.
A short statement by a spokesman of the IGI, Mr Steve Ilo, said: “All I can confirm to you at the moment is that Our Executive Vice Chairman and Chief Executive Officer, Mr Remi Olowude, has passed on.
“Further details will be contained in the statement to be issued shortly by the family and the management of the IGI group, which he founded. Many thanks for your condolences.”
The late Oluwude, who hailed from Ejigbo in Osun State, was described yesterday by Governor Rauf Aregbesola as “an invaluable asset in the insurance sector.”
In a statement by the Director, Bureau of Communication and Strategy, Office of the Governor, Mr. Semiu Okanlawon, Aregbesola described Olowude’s death as a big blow to the insurance world, the State of Osun and Nigeria at large.
“The death of Chief Remi Olowude is a sad one to us in Osun. Here was a man of immense qualities, which he had employed to promote everything ideal in his lifetime.
“Olowude, unarguably, distinguished himself in the insurance and business sectors to the extent that he became a household name across the country.
“Throughout his sojourn on the earthly surface, he distinguished himself as a man of immense wealth, a perfect gentleman and an Omoluabi per excellence, which is what Osun epitomises.
“There is, therefore, no gain saying the fact that Olowude’s exit would create a huge gap in the business and insurance sector in Nigeria.
“I, on behalf of the government and people of Osun, offer our heartfelt condolences to the immediate and extended families of the deceased as well as the insurance family.
“We pray that the Almighty God repose his gentle soul in paradise”, Aregbesola added.
Similarly, Lagos State governor, Babatunde Raji Fashola has described his demise as a sad loss.
He equally prayed God to grant his soul eternal rest and as well gives his family the fortitude to bear the loss.
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