A financial expert and the Group Managing Director/CEO of PAROFUND Multipurpose Cooperative, Daniel Odoviano Oniko has denied death rumour, saying he is hale and hearty, urging members of the public to ignore the story.
This follows an online publication titled, "Parofund Founder and Ex-Heritage Bank Executive Daniel Oniko Dies in Late 2025," in reference to Oniko, who also heads APICES Finance Company Limited.
However, PAROFUND, in a statement on Thursday, said its founder is alive and in good spirits, charting new frontiers for the growth of his business interest across the globe.
In the statement signed by the company's Director of Corporate Communications, Isreal Edobor, PAROFUND said the publication was a clear case of misinformation and failure of the media organization to do a simple journalistic task of verifying the information before rushing to the press.
Edobor said the death being referred to in the publication was that of Oniko’s cousin, Mr. Daniel Okeoghene Oniko, who passed away in December 2025 at the age of 57.
"The report that the founder of PAROFUND Multipurpose Cooperative Limited and Apice Finance Company Limited, Daniel O. Oniko has died, was a malicious misinformation and utter falsehood aimed at misleading members of the public.
"For the avoidance of doubt, Mr. Daniel Okeoghene Oniko, a cousin to our CEO, had on December 13 joined his ancestors after a very brief illness, ending his life journey at the age of 57. He is not the same as the founder of PAROFUND Multipurpose Co-operative Society Limited and Apices Finance Company Limited. The public must be aware of this.
"The name mix-up may have spanned from the name mix-up. Mr. Daniel Odoviano Oniko (the PAROFUND AND APICES CEO) is alive and kicking. He is not the same as late Mr. Daniel Okeoghene Oniko. The two are cousins from the illustrious Oniko Dynasty family of Irri Kingdom, Isoko Delta state.
"Our clients all over the world, the finance community, and the general public are therefore urged to disregard the rumour as our disruptive founder, Mr. Daniel Odoviano Oniko is alive and in good health, "the statement says.
His PAROFUND is regarded as one of the fastest-growing cooperative movements in the country and had recently introduced a Contributory and Micro-Credit Scheme aimed at empowering individuals, families, and small businesses across the country.
The initiative started a few years ago, January 1, 2024 , and they promised promising to reshape how Nigerians save, access credit, and build financial independence while strengthening the sense of community that cooperatives are known for.
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