Rasheed Ladoja Bio, Olubadan Update, Wife, Children, Net Worth, other updates
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Oba Rashidi Adewolu Ladoja, born on September 25, 1944, is a revered Nigerian sovereign and politician. He holds the title of the 44th Olubadan of Ibadan. Prior to his ascendance as a traditional leader, he established an impressive career in governance and commerce. Ladoja was the Governor of Oyo State from 2003 to 2006, momentarily lost his position due to impeachment, and was reinstated in 2006, remaining in office until 2007. Before that, he also held the Senate position for Oyo South from 1992 to 1993.
In August 2025, Oyo State Governor Seyi Makinde officially recognized him as the 44th Olubadan-designate, with his coronation occurring on September 26, 2025, merely one day post his 81st birthday.
Originating from Gambari Village near Ibadan, Ladoja received his early schooling at Ibadan Boys High School (1958–1963) and Olivet Baptist High School (1964–1965). Subsequently, he pursued chemical engineering at the University of Liège in Belgium from 1966 to 1972. His vocational journey commenced with Total Nigeria, where he dedicated 13 years in various capacities. In 1985, he ventured into entrepreneurship, diversifying into shipping, finance, agriculture, manufacturing, and transportation. By 2000, he ascended to the role of director at Standard Trust Bank Limited.
Olubadan Update
Ladoja’s political trajectory has seen numerous fluctuations. He entered the Senate in 1992 representing the Social Democratic Party during Nigeria’s brief Third Republic. He secured the governorship election for Oyo State in 2003 under the People’s Democratic Party (PDP), benefitting from strong support from PDP leader Alhaji Lamidi Adedibu. Nonetheless, conflicts with Adedibu quickly escalated into a public discord.
In January 2006, legislators in Oyo State impeached him, leading to his deputy, Christopher Adebayo Alao-Akala, assuming governorship duties. However, in November 2006, both the Court of Appeal and later the Supreme Court deemed the impeachment null and void. He returned to his role on December 12, 2006, under strict security measures due to concerns about potential skirmishes between supporters from both factions.
Ladoja faced challenges in securing the PDP ticket for a subsequent term and instead lent support to Action Congress candidates during local elections, which resulted in the Action Congress winning 26 seats, while the ANPP captured 7. However, the elected officials were later replaced by PDP loyalists under Alao-Akala’s administration.
In 2008, the EFCC apprehended Ladoja over accusations regarding N1.9 billion from government share transactions. He was briefly detained, then granted bail, and stood trial, with testimonies linking the funds to his family and associates.
Ladoja afterward contested the governorship elections under the Accord Party in 2011 and 2015 but faced defeat both times against Senator Abiola Ajimobi. In 2017, he united Accord with the PDP but subsequently defected, along with his supporters, to the African Democratic Congress (ADC) in 2018. That alliance was short-lived, and he eventually aligned with the Zenith Labour Party (ZLP) in December 2018.
His journey towards kingship commenced in August 2024 when he received a ceremonial beaded crown from the Olubadan and the Oyo State administration. Following the demise of Oba Owolabi Olakulehin, the 43rd Olubadan, Ladoja was named his successor on July 7, 2025. Governor Makinde authentically acknowledged him as the Olubadan-designate on August 21, 2025, culminating in his coronation on September 26, 2025, at Mapo Hall in Ibadan, Oyo State.
Timeline of Key Career Events
Year/Date
Event
Aug 2004
Disagreement with Lamidi Adedibu over political appointments.
Jan 12, 2006
Impeached by Oyo State legislators. Deputy Christopher Adebayo Alao-Akala assumed governorship.
Nov 1, 2006
The Appeal Court invalidated impeachment.
Dec 12, 2006
Returned to office following Supreme Court endorsement.
2007
Failed to obtain a PDP ticket, endorsed Action Congress in council elections.
Aug 28, 2008
Arrested by EFCC over alleged N1.9 billion fraud.
Sept 5, 2008
Granted bail of ₦100 million.
2011 & 2015
Contested governorship under Accord Party, lost to Senator Abiola Ajimobi.
2017
Consolidated Accord Party with PDP.
2018
Transitioned from PDP to ADC, then to Zenith Labour Party (ZLP).
Aug 12, 2024
Received ceremonial beaded crown.
July 7, 2025
Named as Olubadan-in-waiting.
Aug 21, 2025
Formally endorsed as 44th Olubadan-designate.
Rasheed Ladoja Wife
Oba Rashidi Ladoja’s spouse, Mrs. Bukola Ladoja, is fervent about education and literacy. She established the Reading Awareness Society for Development in Africa (RASDA), an organization dedicated to fostering reading habits among children. Through her initiative “One Child, One Book, One Week,” she advocates for knowledge as the cornerstone of leadership and posits that education is vital for addressing numerous national issues.
Rasheed Ladoja Children
The Olubadan is a father to multiple offspring, including Grace and Sola Ladoja. Grace Ladoja is notably recognized in the music and entertainment sector. In 2021, she welcomed a child with rapper Teezee and has candidly discussed her personal challenges, including previous experiences with abortion. Sola Ladoja, his son, has been spotted alongside prominent political personalities, including Bola Ahmed Tinubu.
Rasheed Ladoja Net Worth
As an entrepreneur and politician, Oba Ladoja has amassed considerable wealth. His business endeavors, alongside his political tenure, have contributed to his financial prosperity. As of 2024, his net worth was estimated to be approximately $7 million.
