Afe Babalola University is founded by Aare Afe Babalola, B.Sc (Econs) Lond; LL.B (Hons) Lond; FFPA, FNIALS, FCIArb, LL.D; Senior Advocate of Nigeria (SAN); Doctor of Letters (LL.D); Officer of the Order of the Federal Republic (OFR), and Commander of the Order of the Niger (CON), former Pro-Chancellor and Chairman of the Governing Council of the University of Lagos, Nigeria; the immediate past Chairman of the Committee of Pro-Chancellors of Nigerian Universities, winner of the Best Pro-Chancellor award in 2005 and 2006, winner of Queen Victoria Commemorative Award at Socrates Award of European Business Assembly in Oxford UK; member of the Rector of Europe, October, 2007; Vice President, Rector of Europe, 2010; and Honorary Professor of International Univeristy.