Demola was also part of the first Chief Executive Program at the Lagos Business School (LBS) and now serves as the President of the Lagos Business School Alumni Association (LBSAA).
He is the immediate Past President and a Fellow of the Nigeria Computer Society (FNCS), a member of the Nigerian Society of Engineers (NSE) and a fellow of the Computer Professional Registration Council (CPN). He is the Chairman, Board of Trustees: Volunteer Corps, a non-governmental organisation committed to professional volunteerism for public school education.
Demola also served as the Vice Chairman of the Board of Trustees of SmartCard Society of Nigeria.