Adoderin died on Wednesday around 6.05am after a heart surgery at the age of 60.
He was also the Chairman Punch Commercial Printing Limited and Lukahed Properties Limited.
He attended the Government College, Ibadan and trained as a pilot in the United States.
A sports enthusiast and philanthropist, he was the founder and chairman of the Dolphins Female Basketball Foundation, and also a former chairman of the Lagos State Basketball Association.
He was a one-time vice-president of the Nigerian Basketball Supporters Club.
He is survived by his wife, Titilayo and two daughters, Nicole and Cherelle.
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