The Chairman of Punch Nigeria Limited, Mr Gbadebowale Aboderin, is dead, the Newspaper announced in a statement on Thursday.
According to the statement, Mr Aboderin died after a heart surgery in a hospital in Lagos on Wednesday morning.
Mr Aboderin, who hailed from Kudeti in Ibadan, the Oyo State capital, died at the age of 60.
His family also confirmed his death in a statement by one Angela Emuwa and dated May 31, 2018.
The deceased attended the Government College, Ibadan and trained as a commercial pilot at the Burnside-Ott Flying School, Florida, United States.
He was a sports enthusiast, philanthropist and founded the Dolphins Female Basketball Foundation.
He was the chairman of the foundation and also an erstwhile chairman of the Lagos State Basketball Association.
He is survived by his wife and two children.