Just in: Famous Kano billionaire Isyaku Rabiu dies at 90

Just in: Famous Kano billionaire Isyaku Rabiu dies at 90

- One of Nigeria's top business men, Isyaku Rabiu, has died

- Rabiu died at the age of 90 years after a brief illness at a UK hospital on Tuesday, May 8

- He will be buried according to Islamic rites as soon as his remains are brought to his hometown in Kano

A business mogul in Kano Isyaku Rabiu, who was also an Islamic scholar, has died. Rabiu (90 year old) died on Tuesday, May 8, after a brief sickness in a hospital at the United Kingdom.

One of Rabiu's business associate, who was unnamed confirmed the sad development and reported that the deceased will be laid to rest according to Islamic rites immediately his remains are brought to Nigeria, Premium Times reports.

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Isyaku was famous for founding a top conglomerate with a history of investment in manufacturing, insurance, banking and real estate.

Throughout the 1970s, the group invested in manufacturing with its first investment being the Kano Suit and Packing Cases company, which was renowned for making suitcases and handbags. The firm was a joint venture with Lebanese investors.

Known as a philanthropist, Isyaku formed the Bagauda Textile Mill, producing woven cloths for uniforms. From then on, he established a series of ventures in different segments of the economy including frozen food service, real estate, sugar and a motor vehicle and parts distribution company specialized in Daihatsu products.

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He is survived by children and grandchildren, including his first son Nafiu Rabiu; influential Nigerian businessmen Abdulsamad Rabiu, Chairman of BUA Group; Rabiu Rabiu, owner of IRS Airlines, Naziru Rabiu, Quraish I Rabiu, Makiu Rabiu, Abdullahi Rabiu, Muhammad Rabiu and Daha Rabiu among others.

Meanwhile, NAIJ.com reported that Rabiu was the 5th richest Nigerian. In the 1980's, his father Khalifah Isyaku Rabiu became one of the country's leading industrialists.

He also served as an executive director of the Nigerian Bank of Industry. As at 2018, his fortune was $1.5bn.

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Source: Naija.ng

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