He graduated in 1989 and was thereafter posted to Kaduna State, North West Nigeria, where he participated in the one-year mandatory National Youth Service Corps at Water Survey (Nig) Ltd.
Daramola is the chief executive officer of The Bridge Concepts Nigeria Limited and he is the convener of One Unite Africa[7] and the Nigeria Skit Industry Awards[8][9] In 1998, Daramola met with a team of Bola Ahmed Tinubu Campaign Organization which was then responsible for campaign co-ordination of Asiwaju Bola Tinubu who was contesting for the governorship seat of Lagos State under the platform of Alliance for Democracy to canvass the use of mobile bill board for its campaign and also took his mobile billboard proposal to the campaign team of then yet-to-be-elected President Olusegun Obasanjo who was the presidential aspirant of People's Democratic Party.
"[11] In 2011, he was nominated by Action Congress of Nigeria to contest the seat of his constituency, Ekiti North 1 (Oye-Ikole Local Govt.
[13] Daramola moved a motion to investigate claims by the Asset Management Company of Nigeria that 140.9 billion Naira (about US$1 billion), owed by Zenon Petroleum and Gas Limited and Forte Oil Plc as a result of fuel subsidy scam had been paid.
Daramola was appointed by the House of Representatives to head the ad hoc committee to probe the allocation of plots of land to companies and individuals in the Federal Capital Territory (FCT) and possible cases of fraud in the process from 2010 till date.
"[24] Daramola was a member of the second ad hoc committee mandated by the House of Representatives to investigate the near collapse of the Capital Market.
CBN, through Moghalu had earlier blamed the near collapse of Nigeria's capital market to abuses of banks.