The Nation gathered he died of heart-related disease on Monday.
Special Assistant to President Muhammadu Buhari, Bashir Ahmad, confirmed his death.
He tweeted: ”Inna lillahi wa inna ilaihi raji’un! Just heard about Mallam Ismaila Isa Funtua’s sudden death. This life! May Allah accept his soul, forgive his shortcomings and grant him Jannah al-Firdaus.”