Demola started his working life as a lecturer in Social Research at the Obafemi Awolowo University, Ile-Ife Nigeria, in 1990. He joined the Lagos Office of Arthur Andersen in 1992 and rose to the level of Senior Consultant in 1996. In 1997, he joined Guaranty Trust Bank Plc and had the responsibility of running the Financial Control Department.
He moved to First City Monument Bank in 2000 where he was responsible for the Financial Control and Strategy of the Bank. In 2002, he was appointed the Chief Operating Officer for 4 of the companies in FCMB Capital Markets Group. He also had a short stint at Platinum Bank as Vice President and Group Head Performance Management Group before returning to Guaranty Trust Bank in October 2003.
On returning to Guaranty Trust Bank Plc, he was seconded to Budget Office of the Federation, Federal Ministry of Finance, Abuja, where he had responsibility for developing and implementing recurrent expenditure strategy for the Federal Government of Nigeria. He also played a crucial role in developing and implementing the reform initiatives of the Federal Government of Nigeria especially in the area of Budgeting and Public Expenditure Control and Management. He was however, recalled to oversee Guaranty Trust Bank‘s Corporate Planning, Strategy, Financial Control and Group Coordination groups.
Demola’s experience covers Consulting, Auditing, Capital Markets, Public Sector and Academics. He holds a First Class Honours degree from Obafemi Awolowo University, he also holds a Master Degree, which he finished with a distinction average from the same university. He is a Chartered Accountant, graduate member of the Chartered Institute of Stockbrokers of Nigeria, having passed all the required exams and also a Chartered member of the Institute of Taxation in Nigeria. Demola is an avid reader and a teacher.
Demola is currently a General Manager and the Chief Financial Officer in Guaranty Trust Bank. He is also a Director in some Guaranty Trust Bank subsidiaries and Small and Medium Scale Investments (SMSITs).