Osoba, who hailed from Ijebu Ode in Ogun State, died peacefully at his residence in the early hours of Thursday, May 14, 2026.

The announcement was contained in a statement issued by The Yusufu Bala Usman Institute in Zaria, Kaduna State.

The statement, signed by the Director of the institute, Norma Perchonock, read: “With heavy hearts but with gratitude for a life lived in the service of scholarship and humanity, the Yusufu Bala Usman Institute announces the death of our Chairman, Dr. Olusegun Osoba, who passed away peacefully today, 14th May 2026, at his residence in Ijebu Ode.

“He was 92 years old. Dr. Osoba was a rare scholar whose whole life was dedicated to teaching and research that was designed to educate his students, colleagues and the general public about the nature of the capitalist system and the structures of neo-colonialism that dominates the Nigerian state, and to propose ways of liberating the country from this odious system in order that its citizens may live their lives free from exploitation and oppression.

“His work in economic history was groundbreaking in many ways as he sought to expose the actual workings of the economic system that was holding back development in the country.

“His writings were wide ranging, from scholarly books and papers to articles and columns in newspapers that reached a wide audience. One of his major achievements was to author, together with his close comrade Yusufu Bala Usman, The Minority Report and Draft Constitution for the Federal Republic of Nigeria, 1976.

“This document has had a profound impact on the various debates and discussions about the way forward for Nigeria.

“Segun is gone but he has left an enduring legacy and a shining example for patriotic Nigerians to emulate. Funeral arrangements will be as announced by the family.”

Africa’s billionaire rankings are witnessing a fierce battle as Nigerian industrialist Abdulsamad Rabiu and South African luxury magnate Johann Rupert race toward the historic $20 billion net worth mark.

Rabiu, chairman of BUA Group, currently holds the advantage with an estimated fortune of $19.1 billion, placing him about $100 million ahead of Rupert in the latest billionaire rankings.

The Nigerian billionaire has emerged as Africa’s best-performing billionaire in 2026 after adding an estimated $8.96 billion to his fortune this year alone. His rapid rise has intensified conversations across the continent about who will become Africa’s second billionaire to officially cross the $20 billion threshold.

On the other hand, Rupert, the South African chairman of Richemont, has seen his wealth decline by roughly $506 million this year, largely due to fluctuations tied to the luxury company’s market performance.

Despite the recent decline, Rupert had earlier moved close to the $20 billion milestone before Rabiu widened the gap with his strong surge in wealth.

The rivalry between the two business titans is now being closely watched across Africa’s financial and investment circles, as both men remain among the continent’s most influential billionaires.

There is growing concern over the whereabouts and well-being of popular herb vendor and influencer Eniola Sisialagbo after her sudden disappearance from Facebook.

A check on her page on Friday, May 1, showed that the account, which doubles as her business platform, has been locked and is no longer accessible to the public. The development has left many followers uneasy, especially coming on the heels of a troubling message shared by her husband, Akeem Adesola

Just a day before her page went private, Akeem had taken to Facebook with a short but alarming message:

“Oh Allah, save my wife.” The post immediately drew attention, with many questioning what might have gone wrong behind the scenes. At the time, the couple was already under intense public scrutiny following the circulation of their controversial private video online.

Before then, Akeem had issued a detailed public apology, accepting full responsibility for the viral incident. In his statement, he admitted that his actions had caused embarrassment and pain not only to his wife but also to family members, business associates, and supporters.

“I take full responsibility for my actions,” he wrote, describing the situation as a turning point in his life. He also appealed for forgiveness, promising to learn from the experience and rebuild trust moving forward.

Similarly, Sisialagbo had earlier addressed the issue in an emotional message, expressing regret and asking for understanding. “I own my mistakes and I apologize with all sincerity,” she wrote, adding that the situation had taken a heavy emotional toll on her.