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Home»Column»Tribute to an achiever, iconic financial authority, Alhaji Rasaki Oladejo at 80, by Tajudeen Balogun
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Tribute to an achiever, iconic financial authority, Alhaji Rasaki Oladejo at 80, by Tajudeen Balogun

Tajudeen BalogunBy Tajudeen BalogunJune 16, 2025No Comments
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Birthplace 

Alhaji Rasaki Oladejo, FCS was born in Latoyo’s compound, Oritamerin in Ibadan, Oyo State. He began his primary education at Islamic Mission School, Odoye, Ibadan in 1953 and completed it in 1958. 

Academic sojourn and early career 

After his secondary modern school course in Oke-Ado, Ibadan in 1961, he was admitted to the Muslim Teachers’ Training College, Surulere, Lagos in 1962 for his Teachers’ Grade Three Certificate course and later completed Grade Two Teachers’ Course at the same College in 1968. Alhaji Oladejo was made the Senior Prefect Early career and the College in 1968.

Alhaji Oladejo taught for a few years in Fazl-Omar Ahmadiyya primary school in Lagos Island before his admission to the University of Lagos in 1971 for an undergraduate course in Economics and with Federal Government scholarship. He graduated in June 1975 with B.Sc. (Hons) Economics, Second Class, Upper Division. His exceptional performance at the first degree level and a promising career in the Nigerian civil service prompted the Federal Government of Nigeria to sponsor him in July 1979 for a special Master’s Degree Course in Development Economics at the Boston University, Boston, Massachusetts, USA. He graduated in September 1980 and returned to Nigeria the following month.

As a Planning Officer in the Ministry of National Planning, his duties included amongst others, forecasting of government revenue, government expenditure, exports, imports and Gross Domestic Product (GDP). He rose through the ranks to become Principal Planning Officer and Head of Research Unit in the Macro-Economic Department of the Ministry by 1982.

Apart from his daily duties in the department, Alhaji Oladejo also represented the Ministry in special projects, including the construction of econometric models for the Nigerian economy which were undertaken jointly with the University of Ibadan’s Forecasting Unit, the Nigerian Institute of Social and Economic Research (NISER) and the World Bank. In 1982 and 1983, he represented the Ministry as a member of Nigeria’s delegation to the Annual Meetings of the World Bank, the IMF and the Commonwealth Finance Ministers Conferences.

Career at LCCI 

By December 31st 1983, Alhaji Oladejo resigned his appointment with the Federal Government of Nigeria and moved to The Lagos Chamber of Commerce and Industry (LCCI) as Head of Research and Business Advisory Services Department. He distinguished himself in the Chamber, in the preparation of well-researched memoranda to government on various economic issues on behalf of the LCCI and indeed Nigeria’s Organized Private Sector. He was the Liaison Officer for The Chamber when the organization commissioned Prof. Olukunle Iyanda who was then the Dean, Faculty of Business Administration, University of Lagos to produce a book on the activities and contributions of the Chamber during its 100 years of existence – 1886 to 1986. The published book was well received in Nigeria and abroad. 

Sojourn at Stock Exchange 

In September 1989, Alhaji Oladejo assumed duties at The Nigerian Stock Exchange, (NSE) after resigning his appointment with the LCCI, in August 1989. He joined NSE on the eve of a revolution that transformed the institution into a modern stock exchange and effectively put it in the vanguard of Nigeria’s current development initiatives. In particular, he contributed to the modernization process and was the Project Director for the Automated Trading System (ATS) that replaced the manual Call-Over Trading System. The automation of the clearing, depository and settlement system and the transition to Automated Trading System (ATS) have enhanced the opportunity for price discovery in The Nigerian Stock market and raised the overall market efficiency. In the same vein, automation has made the stock market a truly international and emerging market, giving the nation a strong and dynamic stock market which can be relied upon by local and foreign investors for efficient portfolio management.

Indeed, it has been a glorious era for Alhaji Oladejo at the NSE during which he rose from Assistant General Manager/ Head of Research and Information System in 1989 to Deputy Director-General/Chief Operating Officer of the dynamic emergent stock market by December, 2000. He retired in June 2003 after 14 years of meritorious services to the institution.

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After retirement 

A thoroughbred professional, Alhaji Oladejo was sought after in retirement to deliver lectures, especially on capital market issues and to serve as Non-Executive Director of companies. He was a director of African Alliance Plc, one of the foremost insurance companies in Nigeria. Since 2005, he has been the Chairman of Sigma Pensions Limited, one of the leading pensions managers in Nigeria. During the 13 years that Alhaji Oladejo served meritoriously as Chairman of the Board of Directors of the company, the organization grew from a mere startup to its enviable position in 2018  as one of the leading lights in the Nigerian pensions industry.

Alhaji Oladejo is also a director of GraceCo Limited, a dynamic food manufacturing company in Lagos. He is the Founder and Chairman, Mountain Investment and Securities Limited, a member of The Nigerian Stock Exchange. Alhaji Oladejo is also the Chairman of Bishop & Knight Insurance Brokers Limited.

Professional bodies and Awards

A member of the Commonwealth Study Conferences Association (1986 set), a Life member of the Nigerian Economic Society and a Fellow of Chartered Institute of Stockbrokers, FCS, Alhaji Oladejo was honoured with the 2009 Distinguished Alumnus Award by the University of Lagos Alumni Association in recognition of his leadership qualities and contributions to National Development. He has also been honoured by the Nigerian Association of Securities Dealers in recognition of his noble role in the introduction of technology in the Nigerian Capital Market.

Philanthropist and religious leader

A philanthropist who supports individuals and organizations, Alhaji Oladejo is a deeply religious person and a pride to the Muslim Ummah in Nigeria. 

He was past President and currently the Chairman of the Board of Trustees  of the University of Lagos Muslim Alumni (UMA); the pioneer Chairman of the Board of Trustees of Muslim Welfare Fund (MUWELF) and the  past National President of Nawair-Ud-Deen Society of Nigeria, an Islamic association founded in 1939. Alhaji Oladejo is currently a Trustee of the Society. He was a member of MUSWEN Central Working Committee while he was President of Nawair-Ud-Deen Society, between 2013 and 2019. He was the Chairman of the Committee of the Ad-Hoc Committee on Assets, Finances and Operations Improvement and Sustainability inaugurated by His Eminence, the Sultan of Sokoto and President-General of the Nigerian Supreme Council for Islamic Affairs (NSCIA), Dr. Muhammed Sa’ad Abubakar, CFR, mni to review the Assets, Organization Structure, Operations, Staffing, Finances and Accounts of the NSCIA from 2010 to June, 2013. 

The Committee of 12 eminent Muslim professionals and academicians completed its assignment and presented its Report to His Eminence in October, 2014. It is gratifying to note that many of its recommendations have been implemented by the organization. Alhaji Oladejo is also the pioneer Chairman of NUDIVEST Hajj and Umrah Services Limited, a wholly owned subsidiary of Nawair-Ud-Deen Society of Nigeria. NUDIVEST provides quality Hajj and Umrah services to the Nigerian pilgrims in Saudi Arabia.

MUSWEN, NSCIA appointments

In November, 2020, Alhaji Oladejo was confirmed as the 4th President of the Muslim Ummah of South West Nigeria (MUSWEN) at the well-attended General Assembly of the association, held at the UI Mosque Auditorium, Ibadan. In December 2020, he was also appointed as the Deputy President-General (South) of the Nigerian Supreme Council for Islamic Affairs ( NSCIA) by His Eminence, Dr Muhammad Sa’ad Abubakar, CFR, mni, Sultan of Sokoto and President-General of NSCIA.

Following his leadership positions in these regional and national Islamic organizations, Alhaji Oladejo is today a member of the Nigeria Inter-Religious Council (NIREC), a voluntary association of religious leaders of  Christianity and Islam in Nigeria, established to promote peace and harmony between the two major religions. Alhaji Oladejo is also a member of The Interfaith Dialogue Forum for Peace (IDFP), an organization that works for the promotion of interreligious dialogue for peace in the country.

Social clubs membership 

Alhaji Oladejo is a member of Ikoyi Club in 1938 and immediate past President of Oluyole Club, Lagos, established in 1968 as a socio-cultural association of eminent Ibadan indigenes in Lagos.  

This great and very successful professional and religious leader is married with children.

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Alhaji Rasaki Oladejo FCS
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