Akindele was born in Ibadan, a town in the South-western part of
Nigeria. His father, Pa Joshua Laniyan Akindele, was a Chief Tax Clerk for the Western Region. His mother, Rabiatu Adedigba, was a wealthy and influential trader from Ibadan. She was the first Ibadan woman who travelled to
Mecca for pilgrimage. He began his education at the Olubi Memorial School, Ibadan, and then proceeded to
Lisabi Grammar School,
Abeokuta for his Higher School Certificate (HSC). He initially applied to attend
Abeokuta Grammar School or
Baptist Boys High School with his friends, but he was denied due to his inability to pass the arm test. Upon completing his secondary school education, he travelled to the United Kingdom to study law. Akindele was interested in starting his own business instead of studying. He used the money given to him for school and
passport, purchasing a sewing machine, which he later sold at a good profit. In 1952, he received his first paid employment as secretary to an assistant district officer and later became a cadet manager with the
United Africa Company (UAC), where he later rose to the rank of an Assistant to the Expatriate Manager. Akindele then left United Africa Company for the Western Nigerian Union of Importers and Exporters. == Business career ==