He attended the University of Lagos where he graduated with a B.Sc. degree in Business Administration in 1986. He also holds a National Certificate of Education from the University of Lagos in Physics and Mathematics with distinction in Mathematics. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of Chartered Institute of Stockbrokers (CIS). Mr. Folami parades a rich background of financial market experience, having worked in the top hierarchy of organizations such as Ernst and Young, IMB Securities and Money Line Securities. He also served as General Manager and Chief Executive UTB Trustees as well as Managing Director/Chief Executive, Mission Securities Limited. In 2001, he joined Universal Trust Bank (UTB) Plc. In the course of his career at UTB, he was assigned, at various times, such responsibilities as relationship management, operations, supervision and oversight functions in key areas including finance and information technology infrastructure. In 2002, he set up the Adeyemo Alakija Branch of the bank and took charge of its operations for 18 months. Mr. Folami has attended various financial and management training programmes particularly in Nigeria and South Africa.