Popular Nigerian Automobile Tycoon, Lanre Shittu Is Dead
A popular auto dealer and Chairman of Lanre Shittu Group, Alhaji Rasaq Olanrewaju Shittu, is dead.
Alhaji Shittu’s death was confirmed by his son, and Executive Director of the Group, Taiwo Shittu. who disclosed that the auto business tycoon died Monday morning.
The late started his auto business in the early 1980s at the then popular auto hub on Western Avenue (Fundo Williams Avenue) in the Alaka area of Lagos.
His Lanre Shittu Motors Nigeria Ltd, which was well known for providing imported certified second-hand cars in the market, expanded to accommodate the dealership of brands like Toyota and Peugeot.
A few years ago, Shittu diversified into the marketing of construction equipment, Mack heavy duty trucks and Yutong long buses.
He later set up an assembly facility for JAC trucks in Lagos.
The Group also has investments in the real estate and agricultural sectors of the economy.