Mr Arokodare holds a first degree in Accountancy from the University of Nigeria, Nsukka where he graduated in 1982 as the best student both in the Department of Accountancy and in the Faculty of Business Administration. He also holds an MBA degree in Management & Finance (1990) from the University of Lagos. He is also a fellow of The Association of Chartered Certified Accountants (FCCA) of the United Kingdom and a 1996 Fellow of The Institute of Chartered Accountants of Nigeria (FCA).
He started his career with NEM Insurance Company Plc in 1983. Between 1984 and 2005, he served in various capacities in the banking industry and rose to the position of Deputy General Manager and the Acting MD/CEO of an investment bank.
He later joined the oil industry in February 2007 with his appointment as the Group General Manager (Accounts) of The Nigeria National Petroleum Corporation (NNPC), a position he held until April 2009 when he was appointed the Group Executive Director (Finance & Accounts) of the Corporation. He was responsible for coordinating, controlling and directing the finance, treasury and accounting functions and overseeing assets and human capabilities thereon. He possesses significant record of achievements in banking, accounting and financial management spanning several years in the financial services sector and the oil & gas industry.