Fola Adeola

Founder and Chariman,
FATE Foundation

Fola Adeola is the founder and chairman of FATE Foundation, a non-governmental organization which is dedicated to encouraging the creation of wealth through entrepreneurship, using an innovative mix of training, mentoring, loan support and consulting to support young Nigerians.  Founded in 2000, to date it has serviced over 5000 young Nigerian entrepreneurs. Fola is also the founder, and first Managing Director/CEO of Guaranty Trust Bank, Plc. He ran the bank from inception in 1990 to July 2002, during which period he firmly established the institution as a strong and credible bank.  Guaranty Trust Bank has grown to become one of Nigeria’s largest and most profitable companies.  The bank has also expanded beyond Nigeria to other neighboring African countries including The Gambia, Sierra Leone and Ghana. The bank became listed on the Nigerian Stock Exchange in 1996. Between 2004 March, and leading to the G8 meeting in Gleneagles in July 2005, Fola Adeola served as Commissioner on the Commission for Africa set up by Prime Minister Tony Blair of the UK. In recognition of his outstanding service to the Nigerian nation, Fola Adeola was nationally decorated as Officer of the Order of the Federal Republic, OFR, by President Olusegun Obasanjo in December 2002. Born in January 1954, Fola is married to Hajara, and has six children.