Olabiyi, a respected figure in the Yoruba movie industry, reportedly died on Wednesday in Ibadan, Oyo State.
He passed on after a battle with illness that required his admission to the University College Hospital, UCH.
Before his death, Olabiyi was said to have been unable to move or speak.
The chairman of the Oyo State Theatre Arts and Motion Pictures Practitioners Association of Nigeria, TAMPAN, Bose Akinola made the announcement in a statement late Wednesday.
“We announce the death of our TAMPAN National General Secretary, Chief Alhaji Musadshir Ayobami Olabiyi ‘Bobo B.’
“May God give entire TAMPAN members globally and his family the fortitude to bear the loss,” he said.
