Chief Oludolapo Ibukun Akinkugbe was a colossus who walked through the business landscape with his footprints boldly planted on the sand. He was primarily and professionally a pharmacist. But, by the time he bade the world bye on September 22, 2025, at age 97, he had made his mark in many sectors of the economy.
Starting as a pharmacist at Central Hospital, Lagos, in 1950, and establishing his own pharmacy store, Palm Chemists, in 1952, he never looked back in leading the pack of indigenous pharmacists.
He was the pioneer chairman of Spectrum Books, a publishing firm, a director of Barclays Bank, chairman of Procter and Gamble, an international pharmaceutical company and West African Portland Cement.
He was equally involved in birthing the IBTC, Chartered Bank, R.T Briscoe and Nigerian Tobacco Company (NTC), among many others. He did not stop at that, he was also involved in the Nigerian Union of Pharmacists where he was the general secretary in the 1950s, and later the fourth President of the Pharmacists Society of Nigeria (PSN).
Nigeria was lucky to have had a man like Chief Akinkugbe, acclaimed as a man of integrity who was committed to national development as President Bola Tinubu said in his eulogy at his death. Although he was a self-effacing man, he still got involved in public service as he served on the economic advisory board of his state, Ondo, and at the federal level, where he demonstrated his patriotism.
The greatest legacy that the boardroom guru gave to Nigeria was his uncompromising commitment to business ethics. This is one thing missing in the private and public sectors of the country.
Most people are out to fleece the country, contending that they are merely taking their share of the national cake. At a time that we are reviewing the contribution of the late Chief Akinkugbe to national development, young Nigerians have to look into his impeccable works as chairman of the University of Ife (later Obafemi Awolowo University) and the Morgan Wages Commission.
To shape Corporate Nigeria, he made his mark in the Ibadan Chamber of Commerce, and as Vice President of the National Chamber of Commerce, Industry, Mines and Agriculture (NACCIMA).
He was also one of those who thought it wise to bequeath the Lagos Business School to the nation to ensure that the model of modern business is firmly planted in the country.
Chief Akinkugbe was lucky to have received the gift of long life, which he fully used to the good of Nigeria. He believed in the institution of the family, and showed good example by his marriage to Janet Akinkugbe that yielded children they were proud of.
The couple was united for seven decades and, when his wife died on September 11, just 11 days before him, Chief Akinkugbe said, ‘Janet has been my partner in everything; whatever I achieved, I achieved because she stood beside me’. This is one other example he showed to the younger generations.
Other pioneers in the corporate world now have a duty to guide those currently flying the flag. If Nigeria is to soar high, it will be because the private sector fully aligns with the public service. Time is running out as there are a few Akinkugbes to guide the young ones.
Chief Olu Akinkugbe, born in Ondo, Ondo State, on December 5, 1928, had played his part. Truly, it could be said that he came, he saw, and conquered. He was certainly a man of many parts.