Chief Mrs. Khadijah Adebisi Edionseri, popularly known as “Cash Madam,” has passed away at the age of 89.
The Iya Sunnah of Egbaland, Yewaland, and Ogun State and renowned businesswoman reportedly died on Sunday, January 5, 2025, following a brief illness.
According to her, Juju Maestro, Ebenezer Obey, gave her the name “Cash Madam,” when he waxed a record in tribute to her in the 1970s.
One of her sons, Dr. Adebayo Adebowale, announced her transition on Sunday.
The statement said: “With deep gratitude to Allah for a life well-lived, we announce the passing of our beloved mother, grandmother, and great-grandmother, Princess Kadijat Abike Adebisi Edionseri (née Elegbede), who returned to her Creator on 5th January 2025 at the age of 89, following a brief illness.
“Her life was a shining example of grace, dignity, and unwavering faith. Princess Edionseri touched the lives of many through her wisdom, kindness, and dedication to both her family and her community.
“She taught us the importance of love, resilience, and faith in Allah, leaving behind a legacy that will continue to inspire generations.”
According to the family, Late Cash Madam’s funeral would take place according to Islamic rites on Monday, January 6, 2025, at 4:00 PM at her residence in the Government Reserved Area (GRA) of Abeokuta.
In April 21, 2019, one of her sons, Otunba Abdulfalil Abayomi Odunowo, alias Yomi Cash, had on behalf of the family pushed out a rebuttal of her supposed death at 84 years old.
Narrating her introduction to wealth and the sobriquet “Cash Madam,” Edionseri once told an interviewer: “My husband and I were working with John Holt and two other companies in Ijebu-Ode before we were transferred to Ibadan that was in 1959. Not long after then, I became a distributor with other three companies; so, I got a shop and I started getting goods from them. So, whenever I want to take my money to the bank, “Alaru” (Laborers) will help me take it there, and when we get there, the bank will give me six cashiers and a room to count the money. John Ojomo, a lawyer from Owoh, Adetunji Oladoyinbo, Funke Fagbemo are staff I used to meet at the bank most times. So, whenever I come around I will tell them that I want to go and count my money. Since then, they named me ‘Cash Woman’ not Cash Madam that everybody calls me now. Late Apala Musician Yusuf Olatunji, ‘Baba L’egba’ in his first record said ‘Cash Woman’; it was Evangelist Ebenezer Obey who changed it to ‘Cash Madam’, because he didn’t know details about me then. So, the real name is ‘Cash Woman’ because I was the leader of the customers in those companies.”
