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A politician of the old school, he was a close associate of the late Chief Obafemi Awolowo and a member of Action Group. Chief Olu Adeyemi is also a successful businessman, educationist and publisher.

The ICIC Directory of which he is the published and editor-in-chief is a mine of information. He is a member of the Advisory council of Afenifere, a Yoruba socio-cultural group and a leading member of the Alliance for Democracy (AD), one of the three registered political parties in Nigeria.