By Adetutu Audu
Popular Lagos-born businessman, socialite and politician, Otunba Hakeem Alobo-Bakare has passed away at the age of 68.
News of the demise of construction magnate, and socialite filtered into the air on Thursday, 29 October, 2026, although, details surrounding his last moments are not made public yet.
Born on June 1, 1958, the late Alobo-Bakare celebrated his 68th birthday around four months ago -with few family members and friends.
Otunba Alobo-Bakare was the founder and CEO of DHB Group/Fountain Tops Investment Limited -operating in infrastructure, commodity importation, road construction, drainage, rural electrification, as well as property development via DHB Construction and DHB Properties. He was also the Chairman of Union Development Security Services. Before his death, he was preparing to launch his latest business venture, HABRide -an e-hailing service company expected to hit the Lagos market in November 2026.
In social circles, Otunba Alobo-Bakare was a long-standing and active member of the Island Club in Lagos for over 32 years. He once served as the prominent social club’s Social Secretary and vied for its chairmanship.
He was also a politician, aspiring to be governor of Lagos State in 2015 and Senator in 2023 all on the platform of the All Progressives Congress (APC).
Meanwhile, family, friends and associates of the late businessman have been mourning the great loss of a charismatic man who left his mark in the business and social circles.
