He was born in Rebola, Spanish Guinea and studied at the Escuela Superior de Santa Isabel and at La Escuela social de Granada. He was minister under Teodoro Obiang until he dissented with the dictatorship's policies and went into exile in Valencia, Spain. Prior to his position in the Guinean government, he would live over 15 year + in Majorca (where his daughter María Concepción, a flamenco singer best known as Concha Buika was born). After his exile, he settled down in Valencia with his second wife and her family.
Balboa Boneke died from renal problems, coupled with a three-year depression caused by the death of his wife, on 10 March 2014 in Valencia, Spain.