He is a member of the royal Olagbegi family in Owo, a city in Ondo State, southwestern Nigeria.

[8][6] In 2018, sequel to the passage of the #NotTooYoungToRun Bill at the Nigerian National Assembly, Olateru-Olagbegi at age 27, successfully registered a political party, Modern Democratic Party (MDP), with the Independent National Electoral Commission.

[11] Banky W eventually lost to the ruling APC candidate, Ibrahim Babajide Obanikoro, in a keenly contested race.

[12] The party is reported to have 65,000 members and fielded two legislative candidates in the 2019 General Elections in Nigeria.

This is our scared duty to our countryOlateru-Olagbegi married singer Mo’Cheddah in May 2018 at a private ceremony in Lagos, Nigeria.