He was born in Abeokuta, Ogun State on July 11, 1942.
He has starred in several British television series and international films. In 2007 he won the African Movie Academy Award for Best Actor in a Leading Role.
Jacobs trained at The Royal Academy of Dramatic Arts in London, England.
In the 1980s Jacobs starred in several international films some of which include John Irvin’s war film The Dogs of War, Roman Polanski’s adventure-comedy Pirates and the family-adventure film Baby: Secret of the Lost Legend. Jacobs has starred in over 130 Nollywood films.
Jacobs is married to Nollywood actress Joke Silva with children.