The founder of the renowned Ladipo Spare Parts Market in Lagos, Alhaji Mufutau Ariyibi Akinwunmi, popularly known as Olowopapa, has passed away at the age of 93.
According to a statement released by his family, the respected businessman and community leader died in the early hours of Friday, May 29, 2026.
Alhaji Akinwunmi was widely celebrated as the pioneer of Ladipo Spare Parts Market, which has grown over the decades into one of Nigeria’s largest and most influential automobile spare parts trading hubs, attracting merchants and customers from across the country and beyond.
His vision, entrepreneurship, and commitment to commerce contributed significantly to the development of the market, creating opportunities for thousands of traders, artisans, and business owners.
The family described the late patriarch as a man who lived a fulfilled life dedicated to community service, economic development, and the welfare of others. They noted that his generosity, wisdom, and leadership positively impacted countless lives.
Beyond his achievements in business, Alhaji Akinwunmi was revered for his role in fostering peaceful coexistence and supporting the growth of commerce in Lagos State.
Tributes have continued to pour in from members of the business community, market leaders, associates, and well-wishers, who described him as a visionary whose legacy will endure for generations.
Many mourners have praised his pioneering efforts in establishing a market that became a symbol of enterprise and economic resilience, while offering prayers for the peaceful repose of his soul.
He is survived by children, grandchildren, relatives, and numerous beneficiaries of his lifelong service to humanity.
The family is expected to announce funeral arrangements in due course.
May his soul rest in perfect peace.
