The late GAC and influential All Progressives Congress member was a Special Adviser to former Governor Bola Ahmed Tinubu.
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According to a report by influential online newspaper, The Gazelle News, the top politician passed away on Wednesday evening.
The largely advisory body said this in reaction to a post circulating on WhatsApp that it was against a second term for Sanwo-Olu
In the communique signed by 25 top ranking members of the APC in the state, led by the National Leader of the party, Asiwaju Bola Ahmed Tinubu, and the Lagos State Governor, Babajide Sanwo-Olu, the GAC vowed to sanction anyone who violates the order