A former Minister of Labour and Chairman of First Bank Nigeria, has passed away at the age of 82.
According to a family source, the Oyo-born Prince breathed his last on Sunday night at the University College Hospital, Ibadan, Oyo State.
Afonja served as the Chairman of the Board of Directors of First Bank Plc and was also appointed as Minister of Labour under the interim government of Earnest Shonekan.
Additionally, he held the position of chairman for Integrated Dimensional System and several other companies.
He pursued his higher education at Kingston University, Kingston-upon-Thames, Surrey, United Kingdom, where he obtained a degree in Accounting in 1970.
Following his graduation, he commenced his professional journey with John Mowlem & Co, a UK-based construction firm renowned for its projects at Buckingham Palace, the House of Commons, 10 Downing Street, Westminster Abbey, London Bridge, the Manchester Metrolink, the Dublin Port Tunnel, and numerous others.
He first served as a subsidiary company accountant between 1971-1972 and then became the Group Assets Management Accountant in 1972, a position he held for three years before he returned to Nigeria in 1974.
A prominent Oyo socio-political group, Oyo Global Forum through its chairman, Taiwo Adebayo wrote while mourning his passage, “On this dark day in Oyo, we mourn the loss of Ajibola Afonja, former Labour Minister and Chairman of First Bank Nigeria, who passed away on Sunday night, aged 82.
“Although, a national figure with tremendous influence, he was particularly light for the Oyo community where he made pioneering efforts as an industrialist. His legacy of generosity and open-heartedness touched countless lives, and his presence will be profoundly missed.
“Until his last month, Daddy IDS, as he was affectionately known, as a reference to his manufacturing company, remained hardworking, dedicated to realizing one of the most transformative business visions for the country’s economy. It was the E-Customs project.
“His absence leaves a void that will be difficult to fill, but his spirit of generosity and leadership will continue to inspire us. For all of us that he inspired, we shall honour his memory by carrying forward the values he embodied and continuing his legacy of service and compassion, the values that guide OGF, which he supported during his lifetime.”
The group, therefore, extended its deepest condolences to his family, the entire Oyo community, friends and associates throughout the world during this time of mourning.