Alao-Akala, who also served as deputy governor of Oyo State, died on January 12, 2022, at the age of 71 in Ogbomoso.

Since his death, disagreements have persisted over the administration and sharing of his estate.
Documents presented in court revealed a wide array of assets linked to the late politician, including properties in Lagos, Abuja, Ibadan, the United Kingdom, the United States, as well as a five-star hotel in Ghana.
Listed among the disputed properties are:
Residence at No. 1, Oba Akinyele Avenue, off Rotimi Williams Street, Old Bodija Estate, Ibadan
A five-star hotel in Ghana
Bungalow at Randa, Ogbomoso
Property at Opadoyin Lodge, Ogbomoso
Building at 32, Oba Adebimpe Road, Ile Itesiwaju, Dugbe, Ibadan

Property at No. 8, Samora Machel Street, Asokoro, Abuja
Property in Games Village, Abuja
Twin duplex in Ikeja, Lagos
No. 4, George Street, Ikoyi, Lagos
Duplex beside Iponri Barracks, Surulere, Lagos
Plot at Water Corporation Drive, Oniru, Lagos
Guest house in Agodi GRA, Ibadan
Plots 1–4, Aerodrome GRA, Samonda, Ibadan
7,000 acres of land beside Ibadan Golf Club
No. 29, Osuntokun Avenue, Bodija Estate, Ibadan
Five-bedroom bungalow at Cele Bus Stop, Ologuneru, Ibadan
Property at Old UAC Building, Dugbe, Ibadan
Guest house at YOACO, Ogbomoso
Destiny House, Oremeji, Mokola, Ibadan
Destiny House, Ogbomoso
Deborah House, Sabo, Ogbomoso
Storey building at Starlight, Ogbomoso
Eternal Mega Filling Station, Ogbomoso
TDB Filling Station, Ogbomoso
Building beside Eternal Filling Station, Ogbomoso
NIPCO Filling Station beside A.K. Bello, Ogbomoso
TDB Gas Plant, Aroje, Ogbomoso
Land opposite LAUTECH, Ogbomoso
Parrot FM, Oke Bebi, Ogbomoso
Warehouse and farm in Ogbomoso
Land in GRA, Ogbomoso (held in care of Demola Alao)
140-23 160th Street, Jamaica, Queens, New York, USA
19 San Juan Drive, Chafford Hundred, Grays, Essex, England
1,000 acres of land at Ikoyi, Ogbomoso (including proposed site of Alao-Akala College of Health Sciences and Umera Farms)
