The Ibadan Peoples Party (IPP) was established on June 15, 1951, by a group of eminent Ibadan indigenes who opposed the policies which held sway in the Yorùbá dominated Western Region, Nigeria in the 1950s. Its founding chairman was Chief Augustus Akinloye, and the other founders were; Chief Adegoke Adelabu, Chief Kola Balogun, Chief T. O. S. Benson, Chief Adeniran Ogunsanya and Chief H. O. Davies. The other leaders of the IPP were: Chief S. A. Akinyemi, Chief S. O. Lanlehin, Chief Moyo Aboderin, Chief Samuel Lana, HRH Chief D. T. Akinbiyi, Chief S. Ajunwon, Chief S. Aderonmu, Chief R. S. Baoku, Chief Akin Allen and Chief Akinniyi Olunloyo.
When the election into the Western Region House of Assembly was completed in November 1951, the Action Group was surprised it won only 29 out of the 80 seats contested. In fact, the (AG) lost in all the constituencies in Ibadan; the capital city of the Western Region, Nigeria and likewise in Lagos, the capital of Nigeria. The AG had expected that as the “party of the Yorùbá it would sweep the elections with ease, at all levels; and in so doing, form the regional government. However, in Ibadan, the IPP won all the six seats up for grabs while in Lagos; the NCNC won all the available five seats. The correct version of this history goes thus:To avert conflicting claims over candidates, Mr. Harold Cooper, the Government Public Relations Officer, wrote to the parties to furnish a list of the candidates contesting election on their platforms. Only the Action Group complied with this request and its list of candidates was as follows: Ijebu Remo Division – Obafemi Awolowo and M.S. Sowole; Ijebu Ode Division – S.O. Awokoya, Rev. S.A. Banjo and V.D. Phillips; Oyo Division – Chief Bode Thomas, Abiodun Akerele, A.B.P. Martins, T.A. Amao and SB Eyitayo; Osun Division – SL Akintola, JO Adigun, JO Oroge, S.I. Ogunwale, I.A. Adejare, J.A. Ogunmuyiwa and S.O. Ola; Ondo Division – P.A. Ladapo and G.A. Deko; Okitipupa Division – Dr. L.B. Lebi, CA Tewe and SO Tubo; Epe Division – SL Edu, AB Gbajumo, Obafemi Ajayi and C.A. Williams; Ikeja Division – O. Akeredolu-Ale, SO Gbadamosi and FO Okuntola; Badagry Division – Chief CD Akran, Akinyemi Amosu and Rev. GM Fisher; Egba Division – J.F. Odunjo, Alhaji A.T. Ahmed, CPA Cole, Rev S.A. Daramola, Akintoye Tejuoso, SB Sobande, IO Delano and A Adedamola.