Olu Falae

Who is Olu Falae?

Samuel Oluyemisi Falae CFR, simply known as Olu Falae, is a Nigerian politician from Akure, Ondo State. A Yale University-trained banker, he served as the Federal Minister of Finance in the military regime of Ibrahim Babangida in the late 1980s and early 1990s. Falae was a prominent member of the National Democratic Coalition 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 and the All People's Party against Olusegun Obasanjo, the presidential candidate for the People's Democratic Party. 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, 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.