Who Is Wale Edun? Everything You To Know About The Former Lagos Commissioner for Finance

Wale Edun 1

Olawale (Wale) Edun has a background in economics, public finance, international finance, merchant banking, and corporate finance on a national and international scale. Wale Edun served as Lagos State’s Honourable Commissioner for Finance for an unprecedented two terms (1999-2007). He is the creator of Denham Management Limited, the Chairman of Livewell Initiative, a non-profit organization in the health sector, and a Trustee of Sisters Unite for Children, a non-profit organization that assists children in need. He also sits on the boards of several additional businesses.

Early Life and Education

Mr. A. Olawale Edun, also known as Wale Edun, has a Bachelor of Science in Economics from the University of London and a Master of Science in Economics from the University of Sussex in England. His birth date, as well as the primary and secondary schools he attended, are not publicly available.


Wale Edun has had a successful career in finance, both at home and abroad. He was the Head of Treasury and Deputy Head of Corporate Finance at Chase Merchant Bank, where he oversaw the bank’s Treasury and Money Market operations, as well as Capital Market and Financial Advisory operations on behalf of big multinational corporations’ local subsidiaries and affiliates.

During his stay at Chase, he obtained worldwide exposure while on secondment to the Wall Street businesses of Lehman Brothers and Chase Manhattan Capital Markets Corporation in New York, USA. From 1980 until 1986, he worked at Chase Merchant Bank (later Continental) in Lagos.

It is worth noting that he has over twenty-five years of national and international expertise in merchant banking, corporate finance, economics, and international finance.

He joined the World Bank/IFC in Washington, DC, in September 1986, as part of the distinguished Young Professionals program. Mr Edun worked at the World Bank on economic and financial packages for various Latin American and Caribbean countries, including the Dominican Republic and Trinidad, as well as in the Far East with Indonesia and India.

He has been the Chairman of Chapel Hill Denham Group since March 2008. In 1989, he returned to Nigeria as Co-Founder and Executive Director of Stanbic IBTC Plc (formerly Investment Banking & Trust Company Limited). He established Denham Management Limited in 1994. He also sits on the boards of several additional businesses.

In 1999, he was appointed as Lagos State’s Honourable Commissioner for Finance, a position he held for an unprecedented two terms under Senator Bola Ahmed Tinubu.

His previous experience includes working for the World Bank/International Finance Corporation in Washington, DC, where he was involved in assignments in India, the Caribbean, and East Asia, among other places. In Nigeria, Wale also worked in merchant banking. He is a director of numerous other private companies and the Chairman of the Board of Trustees of the Ogoni Trust Fund for the Environmental Clean-up of Ogoniland in Nigeria’s Niger Delta.

Wale is also the Chairman of the Lagos Boxing Hall of Fame, a recognized non-profit youth development organization that administers amateur boxing in Lagos in partnership with the Lagos Amateur Boxing Association.

Wale Edun has also participated in a number of charitable activities. He is the Chairman of the Livewell Initiative, a non-governmental organization (NGO) in the health sector, and a Trustee of Sisters Unite for Children, an NGO that assists underprivileged children.

Personal Life

Wale Edun, a friend of former Finance Minister Kemi Adeosun and a colleague of Prof. Yemi Osinbajo in Lagos state, is married to Amy Adwoa Edun (née Appiah), a Ghanaian, and one of his sons, Adetomiwa Edun is a UK-based actor, and another (Tobi Edun) is married to Folake Fajemirokun, the daughter of Chief Oladele Fajemirokun, a successful business magnate, entrepreneur, investor, venture capitalist, philanthropist, and Chairman of Xerox Company. Edith Korantema Fajemirokun (Koranteng), Chief Oladele’s wife, is also a Ghanaian.

In October 2015 he was named as one of the Ministerial nominees to be screened by the National Assembly under the President Buhari led administration. Since then, nothing much has been heard about him.

Influence and Impacts

Wale Edun who is a businessman and a known philanthropist sits on the board of various charity and non-governmental organisations and has impacted people through his numerous organisations.

Awards and Nominations

There is no known award or nominations to his name in the public glare.

Net Worth

Wale Edun is a wealthy individual but does not live a flamboyant lifestyle. His estimated net worth is unknown.

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