Biography of Wale Edun, political career, networth

In this piece, News360 Nigeria chronicles the life story and career achievements of Olawale Edun.

Adebayo Olawale Edun, popularly known as Wale Edun, is a Nigerian economist, investment banker and politician who is the minister of finance and coordinating minister of the economy since August 2023.

He has occupied several prominent roles, such as the Honorable Commissioner for Finance in Lagos State during Tinubu’s tenure in that state.

Profile overview

Name: Adebayo Olawale Edun

Date of Birth: December 14th, 1959

Nationality: Nigerian

Tribe: Yoruba

Education: University of London

Spouse: Amy Adwoa Appiah

Career: Politician

Background

Olawale Edun is of the Nigerian Yoruba tribe and was born on December 14th, 1959.

After completing his undergraduate studies at the University of London, he continued on to the University of Sussex in England to complete his graduate studies in economics.

Career

Wale Edun has had outstanding success in the financial industry during the course of his career on a national and international level.

From 1980 to 1986, Edun worked at Chase Merchant Bank (later Continental) in Lagos, Nigeria.

He joined the World Bank in September 1986 through the elite Young Professionals program, where he worked on economic and financial packages for several countries in Latin America and the Caribbean.

While working at Wall Street firms Lehman Brothers and Chase Manhattan Capital Markets Corporation in New York, USA, he got significant international expertise.

In 1989, he co-founded Investment Banking & Trust Company Limited (now Stanbic IBTC) and served as executive director.

In 1994, he founded Denham Management Limited, which has since become the Chapelhill Denham Group; he served as chairman there from 2008 to 2021.

Politics

In 1999, he was appointed Lagos State commissioner of finance by then governor, Bola Tinubu, a position he held until 2004.

He was the chairman of the governing council and the board of trustees of the Trust Fund for the Hydrocarbon Pollution Remediation Project (HYPREP) for the implementation of the United Nations Environmental Report (UNEP) on Ogoniland.

On 16 August 2023, President Bola Tinubu appointed him minister of finance and coordinating minister of the economy. He was sworn in on 21 August 2023.

Private life

Edun is married to Amy Adwoa Appiah, a daughter of the Ghanaian statesman Joe Appiah and his British wife Peggy Cripps, who was an author.

The marriage is blessed with three children, Adedamola Oluwatobi Edun, Adedeji Olamide Edun, and Tomiwa Edun.

One of their three sons is the British actor, Adetomiwa Edun.

Edun is a board member and the Nigerian chair of the Duke of Edinburgh’s International Award Foundation.

He is chairman of Lagos Boxing Hall of Fame, a non-profit youth development organization that runs amateur boxing in Lagos.

He is also the chairman of Livewell Initiative, a health-based NGO

Net worth

Wale Edun currently has a net worth estimate of over $500,000.