CBN Deputy Governor Adebayo Adelabu Resigns For Political Aspirations

Deputy Governor in charge of Operations at the Central Bank of Nigeria (CBN), Mr Adebayo Adelabu has resigned after President Muhammadu Buhari  formally accepted his disengagement through a letter dated May 24, 2018 thanking Mr. Adelabu for his services to the country and wishing him the best in his future ambitions.

“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.

Reports have however revealed that Adelabu’s resignation is due to his  ambition of contesting the governorship of Oyo State in the forthcoming primaries of the All Progressives Congress (APC). He is a direct grandson of late Adegoke Adelabu (aka Penkelemesi), an articulate grassroots politician of the pre-independence political era.

He formally assumed duty as Deputy Governor at the Central Bank of Nigeria (CBN) on April 9, 2014 and served at different times as Deputy Governor in charge of Financial System Stability (FSS), Corporate Services (CS), and lastly Operations (Ops), before he tendered his letter of disengagement.

He was an Executive Director/Chief Financial Officer, First Bank of Nigeria (FBN) Plc. He holds a First Class degree in Accounting from the (OAU), Ile-Ife, Osun State and is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN).