Bachelor of Economics (Hons) from University Kebangsaan Malaysia.  He obtained his postgraduate Diploma in Economic Development from the University of Swansea, United Kingdom.

Datuk Hj. Abu Bakar @ Wahab Hj. Abas is currently the Chief Executive Officer of Warisan Harta Sabah Sdn Bhd.  He was the Group Managing Director of SURIA since 1 February 2004 until he resigned on the 28th April 2009.  Prior to his appointment as the Group Managing Director, he held the post of the Executive Director of SURIA.  He began his carreer in 1980 with the Sabah State Civil Service serving the State's Economic Planning Unit, the State Ministry of Communication and Works and the State Ministry of Finance in various positions.  He was the Secretary General of the Sabah Bumiputra Chamber of Commerce (SBCC) from 1983 until 1988.  A year Later, he was attached to the Finance Review Section of the State Ministry of Finance until 1994.  In 1995, he was appointed as Senior Confidential Secretary in the Chief Minister of Sabah under the Chief Minister's Department.  While in the State Civil Service and SBCC, he had chaired and sat on the Board of various public companies as well as subsidiaries of SBCC.

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He holds 57,503 shares in SURIA.