253:
449:
On the 21st of
September, 2015, Falae was kidnapped on his farm on his 77th birthday, with the kidnappers demanding 100 million Naira ($ 500,000) as a ransom. He was ultimately released on the 24th of September, 2015, after the payment of the ransom and returned to his home in Akure. The kidnappers
351:
economic structuring proposal as a condition for external credit from the fund. The popular opinion was to reject the proposal. The administration then came up with
Structural Adjustment Programme (SAP). SAP was a proposal to diversify export from a crude oil dependent regime, ensure fiscal and
339:
as the assistant secretary of the
National Manpower Board. He later became a principal assistant secretary of the board. In 1971, he was transferred to the Central Planning office and by 1975, he was a director at the planning office. During his stint at the planning office, the department was
302:
of Akure and a daughter of the Elemo of Akure, Chief
Adedipe Oporua Atoosin (himself a great-grandson of Deji Arakale of Akure, Osupa's father). Falae attended an Anglican primary school in Akure where he met his future wife, Rachael Olatubosun Fashoranti, younger sister of
293:
farming, Falae's family and a few other Akure natives moved to a nearby location called Ago-Abo – also known as Ilu Abo – where they settled as pioneers. Falae's father was later made the chief of Ago-Abo village. Falae's mother was born and raised in the village of
356:, reduction of petroleum products subsidies and trade liberalization. During his time in office, Falae became a vocal defender of SAP even when it was becoming unpopular with the masses, earning him the moniker "Mr. SAP" amongst ordinary Nigerians.
346:
Falae returned to public service in 1986 when he was appointed
Secretary to the Government. By then, he believed Nigeria needed economic re-structuring. In 1985, prior to his appointment, the military sought the public opinion of an
340:
actively involved producing the third national development plan for the country and conducting a revision exercise after a change in government. In 1977, Falae was appointed permanent secretary (Economic dept), Cabinet office.
438:.He "swept" the southwestern votes but was unable to attract significant support elsewhere. Since then, Falae has lived in semi-retirement as a large scale farmer in Ago Abo, Akure. He was awarded the national honour of
625:
Adebanwi, Wale. Yorùbá elites and ethnic politics in
Nigeria : Ọbá́fẹ́mi Awọ́lówọ̀ and corporate agency / Wale Adebanwi, University of California, Davis. New York, NY : Cambridge University Press, 2014.
254:
298:
and died during childbirth in 1946 when Falae was only 8. He was then raised by his father and his paternal grandmother, Chief
Osanyintuke Falae (née Adedipe), who was a maternal granddaughter of Deji
343:
In 1981, he became the managing director of
Nigerian Merchant Bank (NMB), formerly United Dominion Trust. In Falae's tenure at the bank, the firm increased its authorized and lending capital.
289:
Falae was born to the family of Chief Joshua
Alekete Falae and Abigail Aina Falae on September 21, 1938, in Ilu-Abo, Akure. Joshua Falae was originally from Akure but due to opportunities in
684:
1094:
327:. At the University of Ibadan, he represented his hall of residence in the Students Representative Council and was editorial board member of the student run campus magazine.
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balance of payments equilibrium and non-inflationary growth. The mechanisms to be implemented in order to achieve these objectives were the devaluation of the
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before the elections were cancelled. He later threw his support and organization towards actualizing the presidential ambition of
764:
359:
He left the post of
Secretary to the Government and served as the Federal Minister of Finance in 1990 in the military regime of
435:
407:
1019:
814:
1064:
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403:
375:. Babangida had banned 'old breed' politicians, who were mostly people who had held elective office in the past such as
1084:
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388:
194:
994:
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Chairman of the Democratic Peoples Alliance, a progressive party allied with the All Progressives Grand Alliance.
423:
204:
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from January 1986 to December 1990, and briefly the Finance Minister in 1990. He ran for president in Nigeria's
1079:
1039:
311:
and was accepted in 1953. upon graduation from Igbobi, he went on to complete his Higher School Certificate at
1109:
439:
410:
during the quest for the restoration of democracy in Nigeria. Falae was jailed by the military government of
31:
1054:
1034:
319:
for his undergraduate studies earning a degree in economics, thereafter, he obtained a graduate degree at
1014:
837:
363:. He was relieved from office in August 1990. Thereafter, he joined the democratic transition programme.
43:
312:
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136:
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Awude, D. (2008). Keeping faith: A biography of Olu Falae. Akure, Ondo State: Flocel Publishers. p28
414:, but was released in June 1998 after Abacha's death. He unsuccessfully contested the 1999 Nigerian
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Nigeria In The Twenty-first Century: Strategies for Political Stability and Peaceful Coexistence
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and the coming to power of a new military government, Falae became a prominent member of the
637:
The National Assembly and Presidential Elections in Nigeria, 20 and 27 February 1999: Report
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leader Reuben Fashoranti. After primary education, he sat for the entrance exam into
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in 1958 and later became a tutor at Oyemekun Grammar School, Akure. He attended the
246:
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Transition without end : Nigerian politics and civil society under Babangida
320:
175:
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of Akure (who was his great-great-grandfather), Chief Falae currently holds the
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616:, Oyeleye Oyediran. Boulder, Colo. : Lynne Rienner Publishers, 1997. p 308
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were later arrested and in 2017, were sentenced to life imprisonment.
335:
After completing his bachelor's degree in economics, Falae joined the
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685:"Olu Falae Kidnapped on 77th Birthday, Abductors Demand N100m Ransom"
304:
238:
23:
376:
787:"Falae speaks after kidnappers are sentenced to life imprisonment"
265:(born 21 September 1938), is a Nigerian banker, administrator and
462:
384:
209:
183:
383:. Falae soon became the candidate of choice for followers of
353:
299:
171:
557:
https://www.newspotng.com/special-tribute-to-falae-at-80/
348:
635:
Commonwealth Observer Group, Commonwealth Secretariat.
494:"Cleric charges Nigerians on Olu Falae's 70th birthday"
330:
1095:
Candidates in the 1999 Nigerian presidential election
761:"Falae Regains Freedom, Says He Slept on Bare Floor"
739:"How I was abducted, tortured, released — Olu Falae"
402:
In the mid-1990s, following the cancellation of the
763:. Thisdaylive. September 25, 2015. Archived from
687:. Thisdaylive. September 22, 2015. Archived from
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836:
269:who was secretary to the military government of
371:Falae's foray into politics started during the
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94:Secretary to the Government of the Federation
1025:Alliance for Democracy (Nigeria) politicians
709:
629:
284:
829:
815:
712:"Olu Falae kidnapped on his 77th birthday"
1100:Nigerian expatriates in the United States
537:"My wife's role in my life, by Olu Falae"
534:
106:31 January 1986 – 1 January 1990
1030:All People's Party (Nigeria) politicians
650:This House Has Fallen: Nigeria in Crisis
517:. Independent Nigeria Online. 2008-09-20
391:. He contested for the post but lost to
56:8 January 1990 – 29 August 1990
476:of Ilu Abo and the Gbobaniyi of Akure.
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737:Josiah Oluwole (September 28, 2015).
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1050:Commanders of the Order of the Niger
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577:
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331:Civil service and government career
207:(second cousin & third cousin)
13:
710:Iyabo Lawal (September 22, 2015).
442:in 2008. As of 2008, Falae is the
14:
1121:
1105:Government College, Ibadan alumni
570:
440:Commander of the Federal Republic
387:and some progressives within the
195:Social Democratic Party (Nigeria)
582:"An Interview with S.O. Falae".
245:
1090:Missing person cases in Nigeria
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16:Nigerian politician (born 1938)
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418:on the joint platform of the
408:National Democratic Coalition
1020:Finance ministers of Nigeria
838:Finance Ministers of Nigeria
515:"Falae Clocks Seven Decades"
496:. Sunday Tribune. 2008-09-28
7:
1065:University of Ibadan alumni
1010:Politicians from Ondo State
612:/ edited by Larry Diamond,
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313:Government College, Ibadan
1085:Kidnapped Nigerian people
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436:People's Democratic Party
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212:(great-great grandfather)
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949:Olusegun Olutoyin Aganga
741:. Nigeria: Premium Times
535:Interview (2011-01-01).
285:Early life and education
995:Formerly missing people
458:A direct descendant of
389:Social Democratic Party
432:presidential candidate
420:Alliance for Democracy
416:presidential elections
242:Samuel Oluyemisi Falae
156:Samuel Oluyemisi Falae
1080:Kidnapped politicians
1040:Igbobi College alumni
791:Premium Times Nigeria
767:on September 25, 2015
691:on September 25, 2015
670:Udogu, Emmanuel Ike.
1110:20th-century farmers
317:University of Ibadan
223:University of Ibadan
1055:Nigerian Christians
1035:Yale College alumni
954:Ngozi Okonjo-Iweala
929:Ngozi Okonjo-Iweala
864:Asumoh Ete Ekukinam
614:Anthony Kirk-Greene
590:: 19–21. July 1982.
584:Nigerian Enterprise
567:Interview, Vanguard
393:Shehu Musa Yar'Adua
174:, Southern Region,
44:Minister of Finance
1015:Yoruba politicians
849:Festus Okotie-Eboh
539:. Vanguard Nigeria
454:Chieftaincy titles
424:All People's Party
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939:Shamsuddeen Usman
428:Olusegun Obasanjo
361:Ibrahim Babangida
271:Ibrahim Babangida
236:
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166:21 September 1938
115:Ibrahim Babangida
65:Ibrahim Babangida
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1075:Nigerian bankers
1060:Nigerian farmers
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367:Political career
279:Fourth Republics
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884:Kalu Idika Kalu
879:Onaolapo Soleye
854:Obafemi Awolowo
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191:Political party
176:British Nigeria
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88:Abubakar Alhaji
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661:Adebanwi, p128
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381:Lateef Jakande
373:Third Republic
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309:Igbobi College
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771:September 25,
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722:September 22,
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959:Kemi Adeosun
934:Nenadi Usman
924:Adamu Ciroma
893:
794:. Retrieved
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769:. Retrieved
765:the original
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743:. Retrieved
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720:. Retrieved
716:The Guardian
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693:. Retrieved
689:the original
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227:Yale College
178:(now Akure,
132:Succeeded by
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84:Succeeded by
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990:1938 births
914:Anthony Ani
904:Aminu Saleh
889:Chu Okongwu
674:. Page 176.
467:chieftaincy
412:Sani Abacha
210:Oba Osupa I
122:Preceded by
77:Chu Okongwu
72:Preceded by
984:Categories
796:2024-07-09
652:. Page 29.
639:. Page 27.
543:2015-08-08
521:2008-10-08
500:2008-10-08
480:References
397:MKO Abiola
296:Igbara-Oke
281:but lost.
267:politician
218:Alma mater
205:Odundun II
180:Ondo State
162:1938-09-21
126:G.A. Longe
969:Wale Edun
894:Olu Falae
718:. Nigeria
305:Afenifere
201:Relatives
111:President
102:In office
61:President
52:In office
28:Olu Falae
434:for the
426:against
422:and the
377:Bola Ige
463:Osupa I
444:pro tem
385:Awolowo
323:in the
184:Nigeria
474:Oluabo
430:, the
472:Baale
354:naira
300:Osupa
291:cocoa
275:Third
250:
239:Chief
172:Akure
24:Chief
773:2015
747:2015
724:2015
697:2015
626:p147
379:and
277:and
152:Born
460:Oba
349:IMF
262:CFR
32:CFR
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