Before the recent 2019 governorship election primaries for the All Progressives Congress in Lagos state held, the name ‘Babajide Sanwo-Olu’ hardly rang any bells. To many, it was just a regular name, just like anyone else’s. As a matter of fact, it was relatively unknown to the average Lagosian. The party primaries were almost expected to be a mere formality, as it was reported that the incumbent Governor, Akinwunmi Ambode was already ‘anointed’ to be the party’s flagbearer at the state governorship elections in 2019, even before the party primaries were conducted. As a result, Babajide Sanwo-Olu, who was a contestant at the primaries, wasn’t even given half a chance at the onset.
However, sooner or later, some things transpired, and some other things fell out of alignment. Word had it that the incumbent governor and ‘anointed’ party flagbearer at the state elections, Governor Akinwunmi Ambode, had critically upset certain key individuals in the party hierarchy; and as a result, they had so irrevocably decided to deny the governor the opportunity to run for the governorship seat a second time. According to reports, Governor Akinwunmi Ambode had fallen out with the party leader and ‘Jagaban’, Mr. Bola Ahmed Tinubu, and as a result, the latter had incited the rest of the party hierarchy to ‘anoint’ another individual to be the party’s flagbearer at the elections.
This was the same set of individuals who fought tooth and nail to appoint Ambode as the party’s flagbearer in the 2015 elections, which he eventually won; however, now, the tides had turned against him. Thus, true to their word, the leadership of the party ensured that, Ambode did not only lose the party primaries, they ensured that he lost by a very wide margin. All Ambode’s supporters suddenly vanished in one accord, thus ensuring that, his other opponent at the primaries, Babajide Sanwo-Olu, achieved a landslide victory – which many opined that he was unworthy of.
Well, whether he was worthy or not is not the bone of contention. What is, is that, Governor Ambode was denied the opportunity to run for a re-election at the 2019 governorship elections in Lagos state.
So, all of a sudden, Babajide Sanwo-Olu became a household name. Not for the best of reasons, but for the fact that he became the party’s flagbearer at the expense of the incumbent governor.
Now, who is this man, Babajide Sanwo-Olu? Little is known about him, except that he is the current flagbearer for the All Progressives Congress at the forthcoming Lagos state governorship elections.
This post delves a little into his life and space. Here is his Biography and networth.
Babajide Sanwo-Olu Net worth 2018 and Biography
Beginning and Education
Babajide Sanwo-Olu was born on the 25th of June, 1965. He is currently 53 years old. He is an highly-educated man. He attended the University of Lagos, where he graduated with a B.Sc. He also holds an MBA from the same institution. He is an alumnus of the Kennedy School of Government, U.S.A, the London Business School, and the Lagos Business School. He is also an affiliate of the Nigeria Institute of Training and Development (NITAD) and is also a certified member of the Chartered Institute of Personnel Management, CIPM.
Before he ventured into the world of politics, he worked as a banker with various banking institutions in the country. His impressive resume includes work experience with Lead Merchant Bank Plc, where he served as a Treasurer for a period of three years. AT UBA, he also served as the Head, Foreign Money Market. Later, he picked up as the Deputy General Manager. At some point in his illustrious career, he also served as the Deputy General Manager, Divisional Head at FCMB (First City Monument Bank, formerly known as First Inland Bank).
Public and Private Service
Babajide Sanwo-Olu has been an active player in public and private affairs. He has served on the board of several companies in Nigeria. His meritorious service at top strategic positions of various organizations is outlined below:
- He once served as a board member for Department for International Development, DFID/DEEPEN FUND
- He also once served as board member for the Board Audit Committee of Caverton Offshore Services Group, Plc
- He served with Beryl Shelter, an estate management company
- He also once served as the Director for Light Level Nigeria Ltd, a digital signage firm
- He has served on the board of First Class Group Limited. The company specializes in the provision of critical support for companies in the telecommunications industry
- He also served with Wow! Interiors, an interior design company
- He served with PowerCap Consulting
- He currently serves as the Chairman/CEO if Baywatch Group Limited, a multi-dimensional company with interests in human capital development, property development and management, and construction.
Babajide Sanwo-Olu is not new to the world of politics. He served under three different administrations in the state for a period of twelve years, precisely from year 2003 till 2015.
In the year 2003, he came into politics as the Special Adviser to the then Lagos state Governor, Femi Pedro, on Corporate Matters. Later, he became the Lagos state acting commissioner of Economic Planning and Budget.
In year 2007, under the administration of then governor Bola Ahmed Tinubu, he was drafted in to serve as the Commissioner for Commerce and Industry. During the administration of Babatunde Raji-Fashola, he served as the Commissioner for Establishments, Training and Pensions.
Babajide Sanwo-Olu is a Christian and was born into a Christian home. He is also married to a certain Dr. Mrs. Ibijoke Sanwo-Olu, and his marriage is blessed with four wonderful children.
He is a member of the Lagos Island Club, Ikoyi Club, and the Clear Essence Health Club. During all his activities, he still finds time to unwind with friends and family.
Babajide Sanwo-Olu is a man of many talents. Because of his versatility and adeptness at handling technical situations, he has won numerous awards, all testifying to his resourcefulness and multidimensional ability. Some of the awards he has won include:
- Gold Mentor Award; courtesy of the National Association of Nigerian Nurses and Midwives (NANNM)
- Symbol of Excellence Award; courtesy of the Civic Enlightenment Association of Nigeria
- Platinum Award; courtesy of the Lagos State Public Service Club
- Award for the Best in Human Capital Development (2009); courtesy of the Industrial Training Fund (ITF)
It is not clear what Babajide Sanwo-Olu is worth at the moment, but at some point, during or after the elections, it is expected that he would openly declare his assets and worth. However, as at now, we can categorically state that Mr. Babajide Sanwo-Olu is a rich man. Being a veteran banker and politician, as well as a top player in the private sector, having served and still serving on various boards across the country, he is certainly not a pauper. He is a rich man.
Babajide Sanwo-Olu may not have campaigned extensively and expensively for the APC governorship primaries as Ambode did, but he just happened to be in the right place at the right time. As far as lagosians are concerned, he may well emerge as the eventual governor of the state, come the state elections in 2019. This is a real possibility, given the magnitude of influence being wielded by the APC hierarchy.
The party patriarch, Chief Bola Ahmed Tinubu, is one of the wealthiest and most influential politicians in the country. He is often credited as the sole reason for President Muhammadu Buhari’s victory at the 2015 presidential elections. Since that victory, the APC as a party has waxed stronger in many ways, and even some recent internal crises did not last too long as to be strong enough to destroy their structure.
Secondly, the APC national chairman, Adams Oshiomhole, is a stronghold in Nigerian politics. He was once the Governor of Edo state, and a national chairman of the Nigerian Labour Congress, NLC. Adams Oshiomhole surely knows which holes to plug and which tunes to play to ensure victory for his party, at any level.
Thirdly, the primary opposition party in the state, PDP has a bad record of governance all over the country. Even though they have presented a formidable candidate, in Jimi Agbaje, it is unknown whether Lagosians will be inclined to give them a chance to rule again.
Therefore, with the APC’s strong and influential structure, and the PDP’s underdog status, one can safely predict that the 2019 governorship elections in Lagos state will most likely be won by the APC, represented by Babajide Sanwo-Olu. Now, if that happens, either of two things may be occasioned:
One; the era of reformation and revolutionization introduced by Babatunde Raji-Fashola, which Akinwunmi Ambode continued in, might well come to an abrupt end. Ambode had hoped to win the re-election bid so as to continue his implementation plan for a better Lagos – by his terms – but the coming in of Babajide Sanwo-Olu may well put paid to those plans. It remains uncertain if Babajide Sanwo-Olu would subscribe to the reforms that Governor Ambode put in place. In fact, it is unlikely, given the manner in which Governor Ambode lost at the party primaries.
Two; the affairs, development and outlook of Lagos state may take a new turn altogether. It may either begin to increase in a whole new dimension, which Lagosians would surely appreciate; or it may begin to proceed in a direction no one expects. It is yet uncertain what Babajide Sanwo-Olu’s tendencies are once he gets to the high seat of power; but one thing we know is that, power changes people, especially men.
This has been the Biography and other information about the current APC candidate for the 2019 general elections in Lagos state, Mr. Babajide Sanwo-Olu.