Olu Falae

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Samuel Oluyemisi Falae CFR (born September 21, 1938),[1] simply known as Olu Falae, is a Nigerian politician from Akure, Ondo State.[2] A Yale University-trained banker, he also attended the University of Ibadan for his undergraduate studies before pursuing a graduate program in the United States.[3] He served as the Federal Minister of Finance[4] in the military regime of Ibrahim Babangida[5] in the late 1980s and early 1990s. Falae was a prominent member of the National Democratic Coalition (NADECO) during the quest for the restoration of democracy in Nigeria. He unsuccessfully contested the 1999 Nigerian presidential elections on the joint platform of the Alliance for Democracy (AD) and the All People's Party (APP) against Olusegun Obasanjo, the presidential candidate for the People's Democratic Party (PDP).[6] A Yoruba Christian, he swept the southwest, the Yoruba heartland, but proved unable to attract significant support elsewhere. Since then the Oloye He was given the honour of the Commander of Federal Republic, (CFR) in the year, 2008, Falae has lived in semi-retirement as a large scale farmer in Ago Abo, Akure, where he holds the chieftaincy title of the viceroyal Abo of Ilu Abo.

As of 2008 he is the pro tem Chairman of the Democratic Peoples Alliance or DPA, a progressive party allied with the All Progressive Grand Alliance or APGA.


  1. ^ "Cleric charges Nigerians on Olu Falae’s 70th birthday". Sunday Tribune. 2008-09-28. Retrieved 2008-10-08. [dead link]
  2. ^ "Falae Clocks Seven Decades". Independent Nigeria Online. 2008-09-20. Retrieved 2008-10-08. [dead link]
  3. ^ Barnaby Philips. "World: Africa, Profile: Olu Falae". BBC News (United Kingdom). Retrieved April 27, 2015. 
  4. ^ Commonwealth Observer Group, Commonwealth Secretariat. The National Assembly and Presidential Elections in Nigeria, 20 and 27 February 1999: Report. Page 27.
  5. ^ Maier, Karl. This House Has Fallen: Nigeria in Crisis. Page 29.
  6. ^ Udogu, Emmanuel Ike. Nigeria In The Twenty-first Century: Strategies for Political Stability and Peaceful Coexistence. Page 176.