Born on August 20, 1946 at Igbemo-Ekiti, Ven Akinwande had his primary and secondary education in what is today known as Ekiti State. The next phase of his life took him to Lagos in 1968 but this was briefly interrupted by the necessity to prepare himself for a profession, which took him to Ibadan. After brief stints with the Federal Department of Agriculture, Moore Plantation, Ibadan; Federal Plant Quarantine Service of the Lagos Airport, Ikeja, the Nigerian Cocoa Industries Limited, Ikeja, he gained admission, by direct entry, on the scholarship of the Western Nigeria Government to the Ibadan campus of the University of Ife to study pharmacy which had, since 1962, begun under the auspices of the Ibadan branch of the old Nigerian College of Arts, Science & Technology (now defunct).
Graduating with a degree in pharmacy, awarded by the University of Ife (Now Obafemi Awolowo University) in 1972, Ven Akinwande worked as a hospital pharmacist with the Lagos State Ministry of Health, Ikeja, Falemi Pharmacy (1974/75), J.H. Morrison Jones & Sons Limited (1975/80) and SmithKline Beecham Corporation (1980/1990), before quitting to set up (in partnership with his wife Mrs Rachel Akinwande Pharmaceuticals (Nigeria) Limited.
However, in years later, he resigned from the partnership to devote his time and life to full time ministry of the Church of God. During the previous four years, he had secured admission to the Lagos Diocesan Board of Continuing Education for the Clergy (BOCEC), for training to become a priest.