Age, Biography and Wiki

Moshood Abiola was born on 24 August, 1937 in Abeokuta, Southern Region, British Nigeria (now in Ogun State, Nigeria), is a Nigerian businessman and politician (1937–1998). Discover Moshood Abiola's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 60 years old?

Popular As N/A
Occupation Business tycoon · politician · publisher · philanthropist
Age 60 years old
Zodiac Sign Virgo
Born 24 August, 1937
Birthday 24 August
Birthplace Abeokuta, Southern Region, British Nigeria (now in Ogun State, Nigeria)
Date of death 7 July, 1998
Died Place Abuja, Nigeria
Nationality Niger

We recommend you to check the complete list of Famous People born on 24 August. He is a member of famous businessman with the age 60 years old group.

Moshood Abiola Height, Weight & Measurements

At 60 years old, Moshood Abiola height not available right now. We will update Moshood Abiola's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Moshood Abiola's Wife?

His wife is Simbiat Shoaga (m. 1960-1992) Kudirat Adeyemi (m. 1973-1996) Adebisi Oshin (m. 1974) Doyinsola Aboaba (m. 1981) Modupe Onitiri Remi Abiola

Family
Parents Not Available
Wife Simbiat Shoaga (m. 1960-1992) Kudirat Adeyemi (m. 1973-1996) Adebisi Oshin (m. 1974) Doyinsola Aboaba (m. 1981) Modupe Onitiri Remi Abiola
Sibling Not Available
Children 40 (reportedly)

Moshood Abiola Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Moshood Abiola worth at the age of 60 years old? Moshood Abiola’s income source is mostly from being a successful businessman. He is from Niger. We have estimated Moshood Abiola's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income businessman

Moshood Abiola Social Network

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Timeline

1937

Chief Moshood Kashimawo Olawale Abiola, also known as M. K. O. Abiola (24 August 1937 – 7 July 1998) was a Nigerian businessman, publisher, and politician.

He was the honorary supreme military commander of the Oyo Empire and an aristocrat of the Egba clan.

1946

As a young boy, he assisted his father in the cocoa trade, but by the end of 1946, his father's business venture was failing precipitated by the destruction of a cocoa consignment declared by a produce inspector to be of poor quality grade and unworthy for export and to be destroyed immediately.

At the age of nine, he started his first business selling firewood gathered in the forest at dawn before school, to support his father and siblings.

Abiola founded a band at the age of fifteen and would perform at various ceremonies in exchange for food.

Abiola was eventually able to require payment for his performances, and used the money to support his family and his secondary education at the Baptist Boys High School Abeokuta.

Abiola was the editor of the school magazine The Trumpeter, Olusegun Obasanjo was deputy editor.

At the age of 19, he joined the National Council of Nigeria and the Cameroons ostensibly because of its stronger pan-Nigerian origin compared with the Obafemi Awolowo-led Action Group.

1956

In 1956 Moshood Abiola started his professional life as a bank clerk with Barclays Bank in Ibadan, South-West Nigeria.

After two years he joined the Western Region Finance Corporation as an executive accounts officer, before leaving for Glasgow, Scotland, to pursue his higher education.

From Glasgow University he received a first class degree in accountancy, and he also gained a distinction from the Institute of Chartered Accountants of Scotland.

On his return to Nigeria, Abiola worked as a senior accountant at the University of Lagos Teaching Hospital, then went on to US firm Pfizer, before joining the ITT Corporation, where he later rose to the position of vice-president, Africa and Middle-East.

Abiola spent a lot of his time, and made most of his money, in the United States, while retaining the post of chairman of the corporation's Nigerian subsidiary.

While Abiola worked at the Nigerian subsidiary of Pfizer smile pharmaceuticals, his desire was to own some equity in the firm but the options available to him were not appealing.

He then applied to a job listing seeking a trained accountant, it was during the interview that he found out the firm was ITT Corporation.

Abiola was employed by the firm and one of his immediate responsibilities was to clear the backlog of debt owed to the firm by the military.

An office meeting with the army's Inspector of Signals, Murtala Mohammed to seek a resolution of the debts resulted in verbal argument heard by the Chief of Army Staff Hassan Usman Katsina.

The intervention of Katsina ended up being favorable to Abiola as he was given a check to cover the debt.

Abiola used his determination to clear the debts as a bargaining tool for more role in the company, initially he was able to remove the expatriate manager but was unable to get a requested 50% equity in the Nigerian arm of ITT.

Abiola subsequently established Radio Communication (RCN) as a side business, new employees were trained in marketing of telecoms equipment and Abiola targeted the military who were replacing civil war-era equipment as business clients.

His marketing strategy proposed training of military personnel in the use of equipment so as to reduce reliance on outside vendors for maintenance, this strategy gained favor in a security conscious armed forces.

Abiola soon received a contract to supply hardware to the military that got the attention of ITT and he was offered 49% equity ownership of its Nigerian arm.

RCN went on to develop a static communications network for the armed forces signal unit and Nigeria's domestic satellite communications.

1960

In 1960, he obtained a government scholarship to study at the University of Glasgow, where he later earned a degree in accountancy and qualified as a chartered accountant.

He later became a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN).

1975

In 1975, ITT and partners secured a major contract to supply automatic telephone exchanges in a number of locations within the country.

In addition to his duties throughout the Middle-East and Africa, Abiola invested heavily in Nigeria and West Africa.

He set up Abiola Farms, Abiola Bookshops, Radio Communications Nigeria, Wonder Bakeries, Concord Press, Concord Airlines, Summit Oil International Ltd, Africa Ocean Lines, Habib Bank, Decca W.A. Ltd, and Abiola football club.

He was also Chairman of the G15 business council, President of the Nigerian Stock Exchange, Patron of the Kwame Nkrumah Foundation, Patron of the WEB Du Bois foundation, trustee of the Martin Luther King Foundation, and director of the International Press Institute.

1993

Abiola ran for the presidency in 1993, for which the election results were annulled by then military president Ibrahim Babangida because of allegations that they were corrupt and unfair.

Abiola's support in the June 1993 presidential election cut across all geo-political zones and religious divisions, among a few politicians to accomplish such a spread during his time.

By the time of his death, he had become an unexpected symbol of democracy.

M. K. O. Abiola was born in Abeokuta, Ogun State to the family of Salawu and Suliat Wuraola Abiola.

His father was a produce trader who primarily traded cocoa, and his mother traded in kola nuts.

His name, Kashimawo, means "Let us wait and see".

Moshood Abiola was his father's twenty-third child, but the first of them to survive infancy, hence the name 'Kashimawo'.

It was not until he was fifteen that he was properly named Moshood by his parents.

Abiola attended African Central School, Abeokuta for his primary education.

2018

Abiola was awarded the National honour Grand Commander of the Order of the Federal Republic (GCFR), an honour awarded to only Nigerian heads of state, posthumously on 6 June 2018, by President Muhammadu Buhari and Nigeria's democracy day was changed to from 29 May to 12 June in his honour.

Abiola was a personal friend of Ibrahim Babangida and he is believed to have supported Babangida's coming to power.