Professor Peter Fatomilola was the sole child of the Late Chief Abraham Ojo and Mrs. Elizabeth Fatomilola when he was born on January 16, 1946, in Ifisin, Ido-Osi, a metropolis in the Ekiti state, in southwest Nigeria. His father had numerous other children. He attended The Apostolic Elementary School in Iwaro-Oke for his elementary education before moving on to the modern school in Ilesa and Ife City Commercial College for his secondary education in 1968. He started acting when he was in primary school. He once wrote short plays and directed them with his pals acting beside him.

When he was at the City College, he collaborated with his housemaster and established a drama group named Ife City Dramatic Society, and he was further sponsored by the school's principal, Adeyera, who donated a bus to the group. Peter Fatomilola and his group went about staging plays such as Oluwa LO Mejoo Da, Agbalowomerii: Baale Jontoro, etc. In the course of these tours, in 1970, Peter came in contact with the late Professor Ola Rotimi during a festival at Oranmiyan Local Government where he had won the medal as best actor. Prof Ola Rotimi took an interest in him, so Peter began to work with him. After his secondary education, Prof Ola Rotimi enrolled him in his Theatre group University of Ife Theatre.

Professor Peter Fatomilola

Before Ola Rotimi departed for Port Harcourt, Peter Fatomilola worked there for 10 years. Following that, Peter continued to work with Wole Soyinka till his retirement. His herbalist roles in Nigerian Yoruba films are thought to have been influenced by the fact that he is the son of a Chief Ifa Priest. Peter Fatomilola earned a Bachelor of Arts in Theatre Arts in 1978 and is a retired member of the academic faculty of Obafemi Awolowo University. He was the first actor to play the lead part of Papa Ajasco in Wale Adenuga's comedic opera.

He has appeared in several well-known Nigerian films, notably Wale Ogunyemi and Obafemi Lasode's epic African film Sango. The current leader of the Ifa priests in his town is Peter Fatomilola. The Ooni of Ife recently conferred a chieftaincy title on him at Ile-Ife. Peter Fatomilola is happy to be the father of more than twenty kids, all of whom he has successfully guided in their academic pursuits.