Adelabu Retires As CBN Deputy Gov

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President Muhammadu Buhari has formally accepted the disengagement of the Deputy Governor, Operations, Central Bank of Nigeria, Mr. Adebayo Adelabu, with effect from July 15, 2018.

In a letter dated May 24, 2018, and personally signed by him, Buhari thanked Adelabu for his services to the country and wished him the best in his future ambitions.

The President’s letter also hinted at Adelabu’s plan to pursue a governorship ambition in his home state, Oyo State.

“While appreciating your services in the Central Bank of Nigeria since 9th April 2014, I wish you the very best in your future ambitions and continued commitment to public service in our country and specifically, as you seek to play a more active role in politics, in your home state,” the letter stated.

Adelabu according to a statement from the apex bank formally assumed duty as Deputy Governor at the CBN on April 9, 2014

He served at different times as Deputy Governor in charge of Financial System Stability, Corporate Services and lastly Operations, before he tendered his letter of disengagement.

“He is the grandson of Adegoke Adelabu, now deceased Oyo state political godfather, and will be seeking election as Oyo state governor in 2019,” online medium,, said.

A first class graduate of Accounting from Obafemi Awolowo University, Adelabu was the general manager and the West African regional head of finance and strategy (consumer banking business) for Standard Chartered Bank.

Before his appointment at the CBN, he was the chief financial officer of First Bank of Nigeria Ltd.






Source: Punch

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