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Intimate secrets of businessman, Prince Bolu Akin-Olugbade
Prince Bolu Akin-Olugbade, Phd

Intimate secrets of businessman, Prince Bolu Akin-Olugbade

Prince Bolu Akin-Olugbade, Phd

Prince Bolu Akin-Olugbade, Phd

After buying his first Rolls Royce in 1984 Prince Bolu Akin-Olugbade, Phd. has so fallen in love with this British Symbol of fine taste that he has seven so far including two latest models Phantoms!

Though his cars come in different colours, one striking thing about all of these wonders-on-wheels is the fact that they all have similar number plates: Bolu.

Apart from his love for cars, another passion he has acquired is luxury wristwatches. He has suddenly become a collector of the most exotic of pieces!

When asked why he has such an outlandish taste, he stated “There is a Yoruba Proverb that says, If you are going to eat a frog, eat the one that has eggs, so if I am going to buy a car for instance why not buy the best”

Unknown to many, despite being born into a privileged background (his father, Chief B.O. Akin-Olugbade was a top businessman and politician who was a leader of the opposition in the Federal Parliament), Bolu had to struggle and sweat to get to the top of the business ladder that he occupies today.

ROLLS ROYCE

ROLLS ROYCE

Before embarking on the journey of life, Prince Bolu as he is fondly called prepared himself well by attending top quality schools. Corona School, Yaba, King’s College, Lagos, London University (LL.B (Hons.), University of California (Masters in Law) and Cambridge University (Phd. In Company Law).

Unlike many silverspoon kids, it was when he got back home after his first degree that his adventure into business began. His father had these two American cars that were giving him problems, so after abandoning them in the garage for a long time. He decided to give them to Bolu. The cars were fuel guzzlers and he went to complain to his dad that he wanted his allowance increased in order to maintain the cars. The man bluntly refused. Moreover, his dad had kept telling all his children that he had no inclination of bequeathing anything more than sound education to them. So Bolu had to put on his thinking cap and that was how the entrepreneurial juice in him was fired up.

He knew full well that his dad was a Director in a Cement Company and therefore without any prompting, he began to solicit for companies who wanted cement and he began to supply them. In no time he had expanded to tomato puree and rice. That was how he eventually hit his first million naira (At that time a million naira was equivalent to one million dollars) at the age of 24, which was the same year he got married to his now wife of 30 years, Oladunni.

ROLLS ROYCE

ROLLS ROYCE

Unknown to many, Prince Bolu had tried to contest for the presidency of Nigeria twice. The first time he tried was in 1992 but he had to step down at the first instance because Chief MKO Abiola was running. The Presidency bug caught him again in 2003, once again the indigene of Ogun had to say bye bye to that ambition because Chief Olusegun Obasanjo had declared interest.

Prince Bolu whose interest in politics is fired by the poverty around him and the fact that he believes that Nigeria and Nigerians deserve better usually says to his friends that life is not all about making money but using that money to touch lives.

Another thing many do not know about him is that he has become very close to God-and the reason for this was the health scare he had years back.-he was diagnosed as having a cancer tumour! Luckily for him, after many tests, it was discovered that it was a false alarm. But he believed that it was a miracle from God-in fact, it was alleged that it was spiritual attack following his acceptance of the traditional title of Aare Onakakanfo (Chief of Defence of Owu Kingdom) that is why he is more spiritual than most.

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