Samuel Oluyemisi Falae simply known as Olu Falae, is a Nigeria

Nigeria

Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...

n politician

Politician

A politician, political leader, or political figure is an individual who is involved in influencing public policy and decision making...

 from Akure

Akure

Akure is a city in the southwestern region of Nigeria, and is the largest city and capital of Ondo State. The city has a population of approximately 387,087...

, Ondo

Ondo

Ondo is the name of:* Ondo , a style of Japanese folk music* Ondo, Hiroshima, a town in Japan* Ondo City in Nigeria* Ondo State in Nigeria* Ondo Phone in Europe...

 State. A Yale University

Yale University

Yale University is a private, Ivy League university located in New Haven, Connecticut, United States. Founded in 1701 in the Colony of Connecticut, the university is the third-oldest institution of higher education in the United States...

-trained banker, he served as the Federal Minister of Finance in the military regime of Ibrahim Babangida

Ibrahim Babangida

General Ibrahim Badamasi Babangida CFR DSS mni , popularly known as IBB, was a Nigerian Army officer and military ruler of Nigeria...

 in the late 1980s and early 1990s. Falae was a prominent member of the National Democratic Coalition (NADECO) during the quest for the restoration of democracy in Nigeria. He unsuccessfully contested the 1999 Nigerian presidential election

Presidential election

A presidential election is the election of any head of state whose official title is president.- United States :The United States has elections on the state and local levels...

s on the joint platform

Platform (European politics)

Platforms, in European politics, are openly organized political factions within left-wing political parties. Examples include the Republican Communist Network, the Workers Unity Platform and the Solidarity Tendency, platforms within the Scottish Socialist Party; the Socialist Workers Platform and...

 of the Alliance for Democracy

Alliance for Democracy (Nigeria)

The Alliance for Democracy was a progressive opposition political party in Nigeria. It was formed on September 9th 1998. At the 2003 legislative elections, 12 April 2003, the party won 8.8 % of the popular vote and 34 out of 360 seats in the Nigerian House of Representatives and six out of...

 (AD) and the All People's Party (APP) against Olusegun Obasanjo, the presidential candidate for the People's Democratic Party

People's Democratic Party

People's Democratic Party could refer to:* People's Democratic Party * Eelam People's Democratic Party * Jammu and Kashmir People's Democratic Party * People's Democratic Party * People's Democratic Party...

 (PDP). A Yoruba

Yoruba people

The Yoruba people are one of the largest ethnic groups in West Africa. The majority of the Yoruba speak the Yoruba language...

 Christian

Christian

A Christian is a person who adheres to Christianity, an Abrahamic, monotheistic religion based on the life and teachings of Jesus of Nazareth as recorded in the Canonical gospels and the letters of the New Testament...

, he swept the southwest, the Yoruba heartland, but proved unable to attract significant support elsewhere. Since then the Oloye Falae has lived in semi-retirement as a large scale farmer in Ago Abo, Akure, where he holds the chieftaincy title of the viceroyal Abo of Ilu Abo.

He is currently also the protem Chairman of the Democratic Peoples Alliance or DPA, a progressive party allied with the All Progressive Grand Alliance or APGA.