Asue Ighodalo Biography, Net Worth, Parents, Hometown, Family, Career, Education, Personal Life

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Asue Ighodalo stands out as a notable Nigerian entrepreneur, lawyer, and philanthropist. He co-founded Banwo & Ighodalo, a leading corporate and commercial law firm in Nigeria.

Widely recognized for his excellence, Asue Ighodalo is praised as one of the top commercial lawyers, having played a key role in numerous capital markets, project finance, and international finance transactions.

Notably, he is the Chairman of Sterling Bank Plc, Nigerian Breweries Plc, Levene Energy Group Limited, Edo State Investment Summit, DO II Designs Limited, and Global Mix Limited.

Beyond his business roles, he actively supports charitable initiatives, particularly in education, healthcare, and youth empowerment.

Who Is Asue Ighodalo?

Asue Ighodalo, a distinguished lawyer and business leader in Nigeria, has left an indelible mark in the realms of law, banking, and the economy.

This biographic blog post aims to provide a comprehensive insight into his life, achievements, and contributions to society.


At the age of 64, as of 2024, Asue Ighodalo was born on July 19, 1959, in Nigeria. Hailing from Okaigben, Ewohimi, Esan South East LG, Edo State, he comes from a lineage of professionals and scholars.

His father, a lawyer, and his mother, a teacher, instilled in him values that would shape his illustrious career.

Early Life and Education

As a brilliant student, Asue Ighodalo pursued his secondary education at King’s College, Lagos, where he garnered numerous prizes and awards.

Graduating in 1977, he exhibited a keen interest in economics and law, leading him to the University of Ibadan, where he obtained his B.Sc degree in Economics in 1981.

Notably, he served as the president of the Economics Students Association during his time at the university. His quest for knowledge took him to the London School of Economics and Political Science (LSE), where he earned his LL.B degree in 1984.

Active in various academic activities, he was a member of the LSE Lawyers’ Group. Returning to Nigeria, he attended the Nigerian Law School, Lagos, passing the bar exam and being called to the Nigerian Bar in 1985.

As a testament to his academic prowess, he received an honorary Doctor of Science in Economics from Edo State University.


Co-founding Banwo & Ighodalo, a leading commercial law firm in Nigeria, marked a pivotal moment in Asue Ighodalo’s career.

His influence extended to serving as the Chairman of Sterling Bank, Nigerian Breweries, Dangote Flour Mills, and the Nigerian Economic Summit Group.

Beyond his corporate endeavors, he remains a dedicated philanthropist and has ventured into political aspirations.

Early Career in Law

After graduating from Nigerian Law School in Lagos, Ighodalo began his career as an Associate at Chris Ogunbanjo & Co from 1985 to 1991. In 1991, he co-founded Banwo & Ighodalo with Femi Olubanwo.

The firm is now a leading Nigerian law firm, particularly in Capital Markets, Securities, and Mergers & Acquisitions.

Ighodalo specializes in Corporate Finance, Capital Markets, Energy, Natural Resources, Mergers & Acquisitions, Banking, Securitization, and Project Finance.

In 2014, he successfully advised Zenith Bank Plc on a US$500 million eurobond issuance and Diamond Bank Plc on a US$200 million eurobond issuance.

Contributions to Capital Markets

Ighodalo has shared his expertise on capital markets issues through various papers, both in Nigeria and internationally. Additionally, he has authored articles for prominent law publications.

Beyond writing, he occasionally lectures on corporate governance, directors’ duties and responsibilities, and entrepreneurship at the Institute of Directors, Lagos Business School, and FATE Foundation entrepreneurial training sessions.

Leadership Roles

Asue Ighodalo holds key leadership positions, serving as the Chairman of the Board of Directors for Sterling Bank Plc, Dangote Flour Mills Plc, and The Nigerian Economic Summit Group (NESG).

He also sits on the boards of other public and private companies, Non-Governmental Organizations (NGOs), and statutory bodies, including Okomu Oil Palm Company Plc, Nigeria Sovereign Investment Authority (NSIA), and FATE Foundation (an NGO dedicated to developing entrepreneurs in Nigeria).

Sterling Bank Chairmanship

In August 2014, Ighodalo assumed the role of Chairman at Sterling Bank. He is an active member of various professional associations, including the Nigerian Bar Association (NBA) and the Association of International Petroleum Negotiators (AIPN), USA.

His involvement extends to the Nigerian Economic Summit Group, International Bar Association (IBA), Nigerian Maritime Law Association, Commercial Law & Taxation Committee of the Lagos Chamber Of Commerce & Industry, London School of Economics Lawyers’ Group, and Associate Member of the Chartered Institute of Taxation.

Personal Life

Asue Ighodalo With His Wife

In 1984, Asue Ighodalo tied the knot with Ifeyinwa, a notable furniture manufacturer and interior designer. Their union bore fruit in the form of a daughter named Omoehi, born on June 19, 1987.

Omoehi, an entrepreneur and philanthropist herself, founded the fashion brand “Oma” and serves as a board member of the Aspire Coronation Trust Foundation.

Net Worth (as of 2024)

Asue Ighodalo’s financial success is evident, with a reported net worth of $1.5 million.

His multifaceted career in law, business, and philanthropy has not only brought him financial prosperity but has also contributed significantly to the betterment of society.

Background Informations

Full NameAsue Ighodalo
Date of BirthJuly 19, 1959
Age (as of 2024)64 years old
Place of BirthOkaigben, Ewohimi, Esan South East LG, Edo State, Nigeria
State of OriginEdo State, Nigeria
EducationKings College, Lagos, University of Ibadan
Nigerian Law School
London School of Economics
OccupationLawyer and Businessman
Net Worth (as of 2024)$1.5 million
SpouseIfeyinwa (married in 1984)
ChildrenOne daughter – Omoehi (Born on June 19, 1987)
Asue Ighodalo Biography

In conclusion

Asue Ighodalo’s journey is a testament to the synergy of legal acumen, business prowess, and a commitment to societal well-being.

His story continues to inspire generations, showcasing the potential for one individual to make a substantial impact across diverse domains.

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