The foundation said in a statement on Tuesday that the exercise would be open to people from age 60 and above.
It said the choice of December 28 was significant as it coincided with the first posthumous birthday of the late Grace Omoigui.
Omoigui, a teacher, lawyer and philanthropist, died last month at a Lagos hospital following complications from gunshot injuries from an armed robbery attack in Benin on her way from a bank.
She was one month away from her 83rd birthday.
The foundation said, “This was a project dear to mom’s heart and the focus of the foundation primarily on the elderly and the dead was largely her idea.”
The statement, however, clarified that the medical check-up was not part of the funeral activities of the deceased.