Adebayo Adelabu

Adebayo Adelabu (born September 28, 1970) is the past deputy governor, operations of the Central Bank of Nigeria and 2019 Oyo State gubernatorial candidate for the All Progressives Congress. [1][2][3][4][5]

Adebayo Adelabu
Adebayo Adelabu
Immediate Past Deputy Governor, Operations, Central Bank of Nigeria
In office
April 9, 2014 – May 24, 2018
Preceded byTunde Lemo
Succeeded byAde Sonubi
Personal details
Born
Adebayo Adekola Adelabu

(1970-09-28) 28 September 1970
Ibadan, Oyo State, Nigeria
Political partyAll Progressives Congress
Alma materLagelu Grammar School, Ibadan
Obafemi Awolowo University
Havard Business School, Boston, USA
Websitehttps://penkelemes.com.ng/

Early life and education

Adelabu was born to Aderibigbe Adelabu of Oke-Oluokun compound, Kudeti Area in Ibadan. His grandfather is Adegoke Adelabu.

Adelabu attended Ibadan Municipal Government primary school, Agodi Ibadan from 1976 to 1982 and Lagelu Grammar School, Ibadan from 1982 to 1987.[6]

Adelabu received a first class degree in Accounting from Obafemi Awolowo University, Ile-Ife. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of Chartered Institute of Bankers of Nigeria and an Associate Member of the Institute of Directors of Nigeria and the United Kingdom. Adelabu has also taken up professional courses in various business schools, including Harvard, Stanford, Wharton, Columbia, Kelloggs, Euromoney, and the University of London.[7][2][8]

Professional career

Adelabu started his career with PriceWaterhouse (now PricewaterhouseCoopers), an international firm of chartered accountants and management consultants. During his seven years with the firm, he led and managed various audit and consultancy engagements for large banks and non-bank financial institutions within and outside Nigeria.[9]

He was on secondment to the Central Bank of Nigeria for one year in 1999 when he led the finance team on the CBN re-engineering and corporate renewal project tagged "Project EAGLES". He left the firm in year 2000 as an audit manager and senior consultant to join First Atlantic Bank as the Financial Controller and Group Head of Risk Management and Controls. He was later promoted to Chief Inspector of the Bank in 2002 and Group Head of National Public Sector Business in 2003.[10]

Adelabu moved to Standard Chartered Bank as the West African Regional Head of Finance and Strategy (Consumer Banking Business) with dual offices in Lagos and Accra. He was there till 2009 from where he became an Executive Director/Chief Financial Officer (CFO) of Nigeria's largest bank, First Bank of Nigeria Plc. (FBN) at the age of 39. [11]

Adebayo was appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor, Operations of the Central Bank of Nigeria (CBN).[12]

Adelabu serves as the Chairman, Board of Directors of the Nigeria InterBank Settlement Systems (NIBBS) and has chaired the board of Financial Institution Training Centre (FITC). He is also a serving member of the Board of Federal Inland Revenue Services (FIRS), Nigeria Security Printing and Minting Company (NSPMC), the Assets Management Corporation of Nigeria (AMCON) and the Nigeria Incentive-Based Risk-Sharing System for Agricultural Lending (NIRSAL).[13]

Personal businesses

Adelabu is also a businessman and has investments spanning the hospitality, entertainment, agriculture and real estate industries. He is the Group Chairman of Bayse One Group of Hotels, the Best Western Plus Hotels, Ibadan and Bayse One Farm.[14]

Political life

Adelabu resigned from Central Bank Nigeria with the intention of seeking election into the governorship position of Oyo State in 2019.[15] He made his intention official on June 20th, 2018 when he visited the All Progressive Congress party secretariat in Ibadan to make his declaration and also pick up the governorship aspirant form.[16][17] [18] On 30 September 2018, he emerged as the gubernatorial candidate for the APC (All Progressives Congress) Party in Oyo State at the party primaries held at the Lekan Salami Stadium in Ibadan defeating his closest rival Joseph Tegbe.[19] On March 9, 2019, Adelabu lost to Oluwaseyi Makinde of the people's democratic party in the 2019 Oyo state gubernatorial election. [20] [21]

References
  1. "Mr. Adebayo Adelabu". Central Bank of Nigeria: Board of Directors. n.d. Archived from the original on April 19, 2018. Retrieved April 23, 2018.
  2. "Who is Adebayo Adelabu?". The Nation Nigeria. Oyo State, Nigeria: Vintage Press. February 21, 2016. Archived from the original on March 12, 2018. Retrieved April 23, 2018.
  3. "CBN deputy governor, Adelabu resigns - Daily Post Nigeria". May 31, 2018. Archived from the original on June 20, 2018. Retrieved June 20, 2018.
  4. "CBN Deputy-Gov, Adelabu resigns - Vanguard News". May 31, 2018. Archived from the original on June 20, 2018. Retrieved June 20, 2018.
  5. "The Man Called Adegoke Adelabu 'Penkelemesi'". Old Naija. Archived from the original on June 25, 2018. Retrieved June 25, 2018.
  6. "Oyo Guber 2019: Ibadan Elitist Lagelu Grammar School To Field Eight Old Boys". PM Parrot. Archived from the original on June 25, 2018. Retrieved June 25, 2018.
  7. Akinsanmi, Gboyega (October 16, 2016). "Oyo Council Nominates CBN Chief for 2019 Guber Race". This Day. Archived from the original on June 24, 2018. Retrieved April 23, 2018.
  8. "Board of the CBN". Central Bank of Nigeria. Archived from the original on June 25, 2018. Retrieved June 25, 2018.
  9. "Adelabu: a quintessential banker, role model". The Nation. Archived from the original on June 28, 2018. Retrieved June 27, 2018.
  10. "Bayo Adelabu Assumes as New CBN Deputy Governor". Invest Advocate. Archived from the original on June 28, 2018. Retrieved June 27, 2018.
  11. "FirstBank Appoints 5 Management Executives". Nigeria Communications Week. Archived from the original on June 28, 2018. Retrieved June 27, 2018.
  12. "Bayo Adelabu formally assumes role as new CBN Deputy Governor". Pro Share. Archived from the original on June 25, 2018. Retrieved June 25, 2018.
  13. "I still work with CBN, says Adebayo Adelabu". Tempo. Archived from the original on June 28, 2018. Retrieved June 27, 2018.
  14. "CBN Topshot Bayo Adelabu Constructs New Hotel In Ibadan". Paper Mache. Archived from the original on June 24, 2018. Retrieved June 24, 2018.
  15. "Adelabu resigns as CBN deputy gov to pursue guber ambition". May 31, 2018. Archived from the original on June 20, 2018. Retrieved June 20, 2018.
  16. "Adelabu, ex-CBN deputy governor, joins Oyo governorship race - Vanguard News". June 20, 2018. Archived from the original on June 21, 2018. Retrieved June 21, 2018.
  17. "Ex-CBN deputy gov, Adelabu, enters Oyo guber race". Archived from the original on June 21, 2018. Retrieved June 21, 2018.
  18. Ajayi, Ola (September 4, 2015). "100 years after: Ibadan remembers Adelabu Penkelemeesi". Vanguard Newspapers Nigeria. Ibadan. Archived from the original on April 27, 2018. Retrieved April 27, 2018.
  19. Adebayo, Musliudeen (October 1, 2018). "Ex-CBN Deputy Governor, Adelabu emerges APC gubernatorial candidate in Oyo". Daily Post Nigeria. Ibadan. Archived from the original on October 1, 2018. Retrieved October 1, 2018.
  20. "Archived copy". Archived from the original on March 16, 2019. Retrieved March 11, 2019.CS1 maint: archived copy as title (link)
  21. https://www.premiumtimesng.com/regional/ssouth-west/319424-oyo-governorship-apcs-adelabu-reacts-to-defeat.html
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