Former First Bank chairman and former Minister of Labour, Ajibola Afonja, has died at age 82.

First Bank Afonja
Ajibola Afonja

The Oyo-born Prince passed away on Sunday night, May 19, at the University College Hospital, Ibadan, Oyo State.


The Oyo Global Forum (OGF), through its chairman, Taiwo Adebayo, confirmed Afonja’s demise in a statement.

“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.

Legacy Of Generosity

“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 realising 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.”


First Bank PLC Holdings

In addition, Afonja was Chairman of the Board of Directors of First Bank Plc and was appointed Minister of Labour under the interim government of Earnest Shonekan.

Also Read: See The New Chairman Of First Bank Holdings


Furthermore, he was the chairman of Integrated Dimensional Systems and many other companies.

He attended Kingston University, Kingston-upon-Thames, Surrey, United Kingdom, where he earned a degree in accounting in 1970.

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