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

Olawale (Wale) Edun has a national and international background in economics, public finance, international finance, merchant banking, and corporate finance. Wale Edun served as the Honourable Commissioner for Finance in Lagos State for an unprecedented two terms (1999-2007). He is the founder of Denham Management Limited, the Chairman of Livewell Initiative, a health sector NGO, and a Trustee of Sisters Unite for Children, an NGO that helps children in need. He also serves on the boards of several other companies.

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.

Career

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

He gained international experience while on secondment to the Wall Street firms of Lehman Brothers and Chase Manhattan Capital Markets Corporation in New York, USA, during his time at Chase. He worked at Chase Merchant Bank (later Continental) in Lagos from 1980 to 1986.

It is worthy to note that He has over twenty-five years of experience in merchant banking, corporate finance, economics and international finance at national and international levels.

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

Since March 2008, he has served as Chairman of Chapel Hill Denham Group. He returned to Nigeria in 1989 as a Co-Founder and Executive Director of Stanbic IBTC Plc (formerly Investment Banking & Trust Company Limited). Denham Management Limited was founded by him in 1994. He also serves on the boards of several other companies.

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

His background includes working for the World Bank/International Finance Corporation in Washington DC, USA, In this role, he was involved in assignments in India, the Caribbean and East Asia, amongst others. Wale also worked in merchant banking in Nigeria. He is a director of several other private businesses; and Chairman, of the Board of Trustees, Ogoni Trust Fund for the environmental Clean-up of Ogoniland in the Niger Delta of Nigeria.

Wale is an International Trustee of the Duke of Edinburgh’s International Award Foundation, as well as the Chairman of the Lagos Boxing Hall of Fame, a registered non-profit youth development organization that operates amateur boxing in Lagos in collaboration with the Lagos Amateur Boxing Association.

Wale Edun has also been involved in several acts of philanthropy. He is the Chairman of Livewell Initiative, a non-governmental organization (NGO) in the health sector, and a Trustee of Sisters Unite for Children, an NGO that helps children in need.

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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Written by PH

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