Chief Samuel Oluyemisi Falae (born 21 September 1938), is a Nigerian banker, administrator and politician, he was secretary to the military government of Ibrahim Babangida from January 1986 to December 1990, and was briefly the Finance Minister in 1990. He ran for president in Nigeria's Third and Fourth republics. Early life and education Falae was born to the family of Chief Joshua Alekete Falae and Abigail Aina Falae on September 21, 1938 in Ilu-Abo, Akure. Joshua Falae was originally from Akure but due to opportunities in cocoa farming, Falae's family and a few other Akure natives moved to a nearby location called Ago-Abo – also known as Ilu Abo – where they settled as pioneers. Falae's father was later made the chief of Ago-Abo village. Falae's mother was born and raised in the village of Igbara-Oke and died during childbirth in 1946 when Falae was only 8. He was then raised by his father and his paternal grandmother, Chief Osanyintuke Falae (nee Adedipe), who was a maternal granddaughter of Deji Osupa of Akure and a daughter of the Elemo of Akure, Chief Adedipe Oporua Atoosin (himself a great-grandson of Deji Arakale of Akure, Osupa's father). Falae attended an Anglican primary school in Akure where he met his future wife, Rachael Olatubosun Fashoranti, younger sister of Afenifere leader Reuben Fashoranti. After primary education, he sat for the entrance exam into Igbobi College and was accepted in 1953. upon graduation from Igbobi, he went on to complete his Higher School Certificate at Government College, Ibadan in 1958 and later became a tutor at Oyemekun Grammar School, Akure. He attended the University of Ibadan for his undergraduate studies earning a degree in economics, thereafter, he obtained a graduate degree at Yale University in the United States. At the University of Ibadan, he represented his hall of residence in the Students Representative Council and was editorial board member of the student run campus magazine. Civil service and government career After completing his bachelor's degree in economics, Falae joined the civil service as the assistant secretary of the National Manpower Board. He later became a principal assistant secretary of the board. In 1971, he was transferred to the Central Planning office and by 1975, he was a director at the planning office. During his stint at the planning office, the department was actively involved producing the third national development plan for the country and conducting