Mr Olufowose holds a first class honours Economics degree from the University of Lagos where he emerged the best overall graduating student in the Department of Economics and the Faculty of social Sciences. He also holds an MA Degree in International Economics from the University of Sussex, Brighton, England where he studied as a Sir Adam Thomson Scholar.
In the late 80s and early 90s, he was actively involved in the Federal Government Privatisation programme as well as various capital raise for multinationals including Guinness and Unilever. He also led (or played key roles) in the structuring and execution of several capital market transactions, including the UAC of Nigeria Scheme of Arrangement, the Listing by Introduction of Guaranty Trust Bank Plc on the Nigerian Stock Exchange in 1996, the Access Bank IPO in the Nigerian and international markets with global depository receipt (GDR) component.
Mr Olufowose was also involved in the Access Bank’s USD500million Eurobond listed on the London Stock Exchange, and the acquisition of Intercontinental Bank Limited, which transformed Access Bank from a tier 2 bank to a tier 1 bank. He also played a key role in the first rollout financing of MTN in Nigeria, the US$205 million project Finance Facility for UNICEM in 2005 and the US$395 million OML 42 Reserve Based Lending facility for Neconde Limited in 2012.
He was Executive Director at Access Bank Plc from 2007 to November 2013. Prior to this, he was Director with Citigroup (and Executive Director, Citibank Nigeria) where he led Citigroup’s origination, structuring and execution of corporate finance deals in Nigeria from 2002 to 2007. He was also a General Manager at Guaranty Trust Bank Plc (GTBank) and served as pioneer / founding Managing Director of Guaranty Trust Bank’s first subsidiary outside Nigeria, in The Gambia.