Billionaire Kano businessman dies at 90

A business associate who confirmed the news to the News Digest said he will be buried according to Islamic rites as soon as his body arrives Nigeria.

According to reliable sources who spoke to the News Digest, the cleric passed away after a brief illness in the United Kingdom.

He was aged 90 years.

Isyaku founded a major family operated holding company with a history of investment in manufacturing, insurance, banking and real estate.

In the 1970s, the group invested in manufacturing with its first investment being the Kano Suit and Packing Cases company, a factory producing suit cases and handbags. The firm was a joint venture with Lebanese investors.

In 1972, he formed the Bagauda Textile Mill, manufacturing 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. However, unfavourable exchange rates and economic conditions forced the company to scale back on manufacturing and returning to its trading roots.

He had a large family with many 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.

He lived in the biggest single mansion in Kano. He was widely loved and respected and known for his generosity and Islamic spirituality.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

A fraction of 'Obidients' sue INEC over halt of voter registration

A fraction of 'Obidients' sue INEC over halt of voter registration

FBI raids Donald Trump’s Mar-a-Lago mansion [Photo]

FBI raids Donald Trump’s Mar-a-Lago mansion [Photo]

Owo church massacre: Akeredolu confirms arrest of 5 suspected masterminds of attack

Owo church massacre: Akeredolu confirms arrest of 5 suspected masterminds of attack

Owo massacre: Akeredolu confirms arrest of those behind the attack

Owo massacre: Akeredolu confirms arrest of those behind the attack

NYSC to encourage corps members with start-up loans- D-G

NYSC to encourage corps members with start-up loans- D-G

Ukraine war may cost German economy €260bn by 2030- Study

Ukraine war may cost German economy €260bn by 2030- Study

FG inaugurates Africa’s 1st Meter Museum in Lagos

FG inaugurates Africa’s 1st Meter Museum in Lagos

Ayade threatens to sanction erring public servants who are allegedly still owed  their June salaries

Ayade threatens to sanction erring public servants who are allegedly still owed their June salaries

2023: Masquerades will not be allowed to attend political rallies

2023: Masquerades will not be allowed to attend political rallies