He attended Federal Government College, Ilorin, and then was admitted to the University of Benin, graduating in 1982 with a degree in Geography and Regional Planning.
He went on to the College of Energy and Petroleum Studies, Oxford, England for a Post Graduate Course in International Oil Trading and Pricing.
[6] In September 2002, he seconded a motion to set up an ad hoc committee to investigate alleged constitutional and budgetary breaches committed by President Olusegun Obasanjo, which could be grounds for impeachment.
[7] In October 2002, Aluko replaced Oserheimen Osunbor as Chairman of the Senate Committee on the Independent National Electoral Commission.
[4] He left the PDP for the Labour Party, on which platform he unsuccessfully contested the Ekiti State governorship election in 2007.