The family of the late business mogul and philanthropist Captain Idahosa Okunbo has denied reports it has put up his multi-million naira hotel in Abuja or any of his assets for sale.
In a statement signed on behalf of the family by Kingsley Okunbo, the family said the publication, (not by THE NATION) was “evil and reprehensible concoction of preposterous fallacy by a mischievous author/authors of the above piece under reference.”
The statement explained the Okunbo family “would ordinarily have ignored and not deemed it worthy to dignify such irresponsible piece of extremely diabolical mischief with a response, but given that we are still in a mourning mood in honor of our illustrious son, brother, father and highly celebrated son of universal repute, we have seized this opportunity to issue this rebuttal, for the records lest a satanic lie be misconstrued for truth.
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“Suffice it to say therefore that this wicked piece is nothing but an unfortunate figment of the evil imagination of depraved persons. The Okunbo family stands united in ensuring the consolidation of the laudable legacy our departed dearly beloved son left behind. We will leave no stone unturned to celebrate this generational gift to humanity and this he eminently deserves.”
The family also frowned at a video making the rounds of the late Captain’s palatial and state of the art piece of residential architecture in Banana Island, Lagos which the family said development had been ongoing for a few years even before his death.
“This again is another wicked misinformation from demons who will be judged appropriately by our Almighty Father in heaven. ‘Lest Satan should get an advantage over us; for we are not ignorant of his devices 2Cor 2:11 and certainly not of his agents.”

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