Dr Arokodare holds a first degree in Accountancy from the University of Nigeria, Nsukka where he graduated in 1982 as the best student in both the Department of Accountancy and the Faculty of Business Administration. He also holds a Masters of Business Administration degree in Management & Finance (1990) from the University of Lagos. He is a Fellow of the Association of Chartered Certified Accountants (FCCA) of the United Kingdom and a 1996 Fellow of the Institute of Chartered Accountants of Nigeria (FCA). He started his career with NEM Insurance Company Plc in 1983. Between 1984 and 2005, he served in various capacities in the banking industry and rose to the position of Deputy General Manager and the Acting MD/CEO of an investment bank.
He later entered the oil industry in 2007 when he was named Group General Manager (Accounts) of The Nigerian National Petroleum Corporation (NNPC), a post he maintained until 2009 when he was promoted to Group Executive Director (Finance & Accounts) of the Corporation. He was responsible for coordinating, controlling, and directing the finance, treasury and accounting functions as well as overseeing assets and human capabilities thereon. He possesses a significant record of achievements in banking, accounting and financial management spanning several years in the financial services sector and the oil & gas industry.