The Lagos State Police Command has launched a manhunt for the hit-and-run driver that allegedly killed the co-founder of Vetiva Capital, Olaolu Mudasiru.

The police spokesperson in the state, SP Benjamin Hundeyin, confirmed the incident to our correspondent.

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Hundeyin also revealed that efforts are ongoing to track down the fleeing driver responsible for the incident.

The Lagos PPRO, however, said nobody had been arrested in connection to the accident.

He said, “At about 0530hrs, a distress call was received at the station that a vehicle make & driver yet unknown allegedly hit one Dr. Laolu Mudashiru ‘m’ aged 68yrs, a deputy managing director of Vetiva Cou and a son to the late Air Commodore, Gbolahan Mudashiru of Banana Island, Ikoyi with two others while cycling along Gerrard rd near NNPC Plc Ikoyi.

“As a result of the accident, victims sustained injuries on their bodies and were rushed to Lagoon Hospital, Bourdillon, Ikoyi where Mudashiru ‘m’ later died while others are still responding to treatment based on the report a team of traffic personnel visited the hospital.

“The corpse was inspected and photographed. The corpse was evacuated and deposited at a public morgue for autopsy.

“Meanwhile, effort is ongoing to track down the fleeing driver. Investigation is in progress, and we have not make any arrest.”

Recall that the 68-year-old Mudasiru was announced dead on Sunday morning in a hit-and-run accident while cycling with two other persons on the Bourdilion Road in the Ikoyi area of Lagos.

Olaolu was the first son of former military governor of Lagos state, Gbolahan Mudasiru, who died in 2003.

It was gathered that the two others crushed by the fleeing driver survived and currently receiving treatment at Lagoon Hospital, Bourdillon, Ikoyi.

On Vetiva Capital Management’s official Twitter handle, a picture of Mudasiru was posted to announce his sudden death.

The caption reads, “We have lost our Super Griffin. Rest In Peace, Dr. Olaolu Mudasiru (Dr. Bob).”