Billionaire auto tycoon, Lanre Shittu, dies at 65

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Popular Nigerian automobile tycoon, Olanrewaju Rasak Shittu, has died at the age of 65 according to reports.

He reportedly passed away on Monday morning as a source close to the family asked for prayers for the deceased.

Shittu was a renowned entrepreneur and held the sole franchise for Mack brand vehicles in Nigeria as well as being the only dealer of Sany heavy-duty equipment and Yutong buses in the country.

In addition, he was a licensed dealer of KIA and NISSAN brands, while also leading the supply of genuine spare parts to other dealers in Nigeria.

Despite his success, Shittu had a number of disputes – notably, US and Nigerian agencies accused him of money laundering in 2000; this case eventually fell under lack of jurisdiction by the US District Court due to violation of extradition laws between both countries.

Before his passing away there was also a civil suit pending against him at the Federal High Court, Abuja over an attempt by government forces to extradite him to America with regard to said charge.