Mr Osibona was said to be on the premises when the building on Gerrard road, Ikoyi, collapsed on Monday.

An official of the National Emergency Management Agency (NEMA), confirmed the development to TheCable on Thursday.

Mr Osibona’s death pushes the total number of deaths recorded in the tragic incident close to 40.

A friend of Mr Osibona, a United States of America-based Nigerian businessman, Wale Bob-Oseni, has also been reportedly discovered inside the rubble, lifeless.

The families of both men are yet to confirm their deaths.