The News Agency of Nigeria reports that Ajikobi was shot by suspected armed robbers while returning from the bank where he had gone to cash some unspecified amount of money.
Ajikobi was said to have been shot around the Bodija area of Ibadan.
The Oyo State Police Public Relations Officer, Mrs Olabisi Clet-Ilobanafor, who confirmed the incident, said that the deceased was shot and killed on his way from the bank.
"It is true. We learnt that he went to a bank to collect some money. A man stopped him and had some discussion with him on his way back.
"Later, two men on a bike shot him and collected the money.
"We are on the trail of that man that stopped him. We have already begun investigation into the matter," she said.
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