He is the founder and chairman of FATE Foundation, a non-governmental organization which is dedicated to encouraging the creation of wealth through entrepreneurship.
Prior to this, Mr. Adeola was the founder and first Managing Director of Guaranty Trust Bank plc.
Mr. Adeola also served as the first Chairman of the National Pension Commission in Nigeria, which was established, following the promulgation into law, of the Pension Reform Bill. Fola Adeola has served, and is still serving, at national and international levels, on various committees and corporate boards.
Mr. Adeola was nationally decorated as Officer of the Order of the Federal Republic (OFR) in 2002.