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The Central Bank of Nigeria (CBN) deputy governor in charge
of Operations, Adebayo Adelabu, will resign his appointment with effect from
July 15.
Mr Adelabu whose disengagement notice has already been
accepted by President Muhammadu Buhari, has indicated interest to join the
New CBN Deputy Governor, Adelabu
gubernatorial race in his home state, Oyo.
In an acceptance letter dated May 24, President Buhari
thanked Mr. Adelabu for his services to the country and wished him the best in
his future ambitions.
“While appreciating your services in the Central Bank of
Nigeria since April 9, 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
president said in the letter.
Mr. Adelabu, who was one of the four deputy governors of the
CBN, assumed duty on April 9, 2014.
Since then, he has served at different times as deputy
governor in charge of Financial System Stability (FSS) and Corporate Services
(CS), before his last position as the deputy governor in charge of Operations.
In political circles in Oyo State, Mr Adelabu is widely
believed to be the most likely successor to the incumbent governor of the
State, Abiola Ajimobi, of the All Progressives Congress (APC).
One of the grand children of ace Oyo political godfather,
late Adegoke Adelabu, Mr Adelabu has made his mark in the financial sector,
rising to the position of Executive Director/Chief Financial Officer (CFO) of
First Bank of Nigeria Plc. (FBN) prior to his ascension to the CBN.
Adebayo Adelabu
Before his stint at First Bank, Mr Adelabu was the general
manager and the West African Regional Head of Finance & Strategy (Consumer
Banking Business) for Standard Chartered Bank.
A first class degree holder in Accounting from Obafemi
Awolowo University, Ile-Ife, Mr Adelabu is also a Fellow of the Institute of
Chartered Accountants of Nigeria (ICAN) and member of the Institute of
Directors of Nigeria (IoD).
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