His maternal grandfather was Chief Aina Odukanmade, the first Mosene, whose father hailed from the Senlu branch of the Ranodu royal family of Imota, a town near Ikorodu.

[2][better source needed] As a young man, Jacob established his own manufacturing company called Alabukun where he produced all sort of patents drugs.

It is used for host of other things which include migraine, toothache, sore throat, prevention of blood clots, neuralgias, myocardial infarction, transluminal angioplasty and ischaemic attacks.

[7][better source needed] The pharmacodynamics of Alabukun powder show that it functions by preventing the production of platelet aggregation and inhibits adenosine in the body.

From the return of his investment he sent his children to study at Durham, Newcastle, the United States and London to qualify as educationists, medical doctors, lawyers and engineers.