Adelabu resigns as CBN deputy gov to pursue guber ambition

Adebayo Adelabu, deputy governor in charge of operations at the Central Bank of Nigeria (CBN), will be addressed as former deputy governor from July 15.

According to a statement released by Isaac Okorafor, CBN spokesman, on Thursday, President Muhammadu Buhari has accepted his resignation.

“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,” Buhari’s May 24 letter read.

Adelabu was one of the four deputy governors that resumed on April 9, 2014.

At different points, he was deputy governor in charge of financial system stability (FSS), corporate services (CS), and lastly operations (Ops) before he resigned.

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

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 Nigeria.