Billionaire socialite, Molade Okoya-Thomas, dies at 79

Okoya-Thomas

The patron saint of Lagos socialites and sportsmen, Molade Alexandria Okoya-Thomas (FCNA, MFR, OFR, KSS), has died of an undisclosed ailment, qed.ng has learnt.

Death came at the age of 79 on Monday, February 2.

Okoya-Thomas MFR was born in Lagos on 8 June 1935 to Late Hussam Okoya-Thomas (the first Baba Adinni of Furabay Mosque, Olowogbowo, Lagos and the first local staff of CFAO, who served the company for 52 years) and Late Alhaja Suwebat Okoya-Thomas (née Gbajabiamila, Otun Iya Adinni of Idita Mosque).

He studied at Princess School, Lagos, 1946; Balham and Tooting College of Commerce, London, 1956–1959; Columbia University, New York, US, 1981. He was appointed Director, Transcap Nigeria Limited; Director, Niger Motors Industries Limited; Chairman, Studio Press Nigeria Limited and as been the Chairman of CFAO Nigeria Limited since 1987.

Until his death, he was chairman of many organisations including CICA (Nigeria) Ltd., Transcap Nigeria Ltd., Oktom Investment Ltd., Itochu Nigeria Ltd., Chiyoda Nigeria Ltd. and Anchoria Investment & Securities Ltd. He also served as Director of NFI Insurance Company Plc and GatewayBank Plc.

He has also contributed to the development of Lagos State by serving in numerous committees including; member, Lagos City Council from 1971 to 1975, member Lagos State Development and Property Corporation, Chairman Board of Trustees Glover Memorial Hall and Tom Jones Hall.

He was a recipient of the Chevalier de la Legion d’Honneur, the highest national honour given by the French to a foreigner.

Molade Okoya-Thomas was an active sportsman in his youth, he was a Joint All Nigeria Record Holder of 4 X 220 yards relay race while at Baptist Academy Lagos. He has been the sole sponsor of the annual Asoju Oba Table Tennis Championships for over four decades, setting a record as the only Nigerian to have single-handedly and consistently sponsored a competition spanning over four decades.

As a philanthropist he similarly served as vice-chairman, Lagos State Sports Council, President Lagos Lawn Tennis Club, Chairman 3rd All-Africa Games Appeal Fund Committee, Chairman National Appeal Fund for Sports Development and chairman Sports Trust Fund. Molade Alexandria Okoya-Thomas built and donated a Modern Sports Hall for students and staff of the Lagos State University (LASU) in 2009.

He was also a prominent member of the fund raising committee for the construction of Teslim Balogun Stadium in Surulere, Lagos.

The Commissioner for Ministry of Youth, Sports and Social Development, Prince Ademola Adeniji-Adele, announced the state governments decision to celebrate Molade Alexandria Okoya-Thomas at the age of 75, taking into consideration his numerous contributions, with the naming of the Indoor Sports Hall of the Teslim Balogun Stadium on 8 June 2010 and a State Dinner at the City Hall Lagos Island on the same day.

Okoya-Thomas was a jolly good fellow if there ever was one.