One of his children, Bolaji, confirmed on Sunday.
He said, “I can confirm to you that he passed on about 10:05 this morning. It was a painful loss to us, but, we give glory to God for the impactful life that he lived while he was alive because he touched the lives of many people.
“He died at 80 in his residence at Victoria Garden City, Lagos.
“We are about to convey his remains to his home town where he would be hopefully interred by 4 pm, according to Islamic rites
The Ago-Iwoye born politician was appointed as Minister of Commerce and Industry on April 6, 2010, when Acting President Goodluck Jonathan announced his cabinet.
The late politician was born in August 1942 in Ago Iwoye, Ijebu constituency of the state.
He studied sociology at the University of Ibadan, Oyo State (1965-1968) and then Economics at the Harvard University Business School, graduating in 1983. He was also a Chartered Accountant.
Martins-Kuye served as a senator during the Third Republic. Upon the country’s return to democratic system of government in 1999, he contested for governor of Ogun State, as the candidate of the Peoples Democratic Party (PDP) but lost to Olusegun Osoba.
In the same year, he was appointed by the Olusegun Obasanjo administration as the Minister of State for Finance, where he served till 2003.