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Adebayo Adelabu

October 25, 2023

Adebayo Adelabu Listenⓘ (born 28 September 1970) is a former deputy governor, operations of the Central Bank of Nigeria and currently serving as the federal minister of power of Nigeria. And 2019 Oyo State gubernatorial candidate for the All Progressives Congress. [1][2][3][4][5]

Adebayo Adelabu
Adebayo Adelabu
Federal Minister of Power of Nigeria
Assumed office
August 21 2023
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 (age 53)
Ibadan, Oyo State, Nigeria
Political partyAccord
Alma materLagelu Grammar School, Ibadan
Obafemi Awolowo University
Harvard Business School, Boston, USA
Websitehttps://penkelemes.com.ng/

Early life and education Edit

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.[7] 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.[8][2][9]

Professional career Edit

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.[10]

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.[11]

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. [12]

Adebayo was appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor, Operations of the Central Bank of Nigeria (CBN).[13]

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).[14]

Personal businesses Edit

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.[15]

Political life Edit

Adelabu resigned from Central Bank Nigeria with the intention of seeking election into the governorship position of Oyo State in 2019.[16] He made his intention official on June 20, 2018, when he visited the All Progressive Congress party secretariat in Ibadan to make his declaration and also pick up the governorship aspirant form.[17][18][19] 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 where contestants Joseph Tegbe, Niyi Akintola and four others withdrew from the race with some pledging their unwavering support to Mr Adelabu.[20] On March 9, 2019, Adelabu lost to Oluwaseyi Makinde of the People Democratic Party in the 2019 Oyo gubernatorial election in Oyo state. [21][22] In 2022, he resigned from the All Progressive Party (APC) and defected to Accord party after he lost the primary election to Teslim Folarin who emerged as the APC gubernatorial candidate.[23] He emerged and will be contesting for the Governor of Oyo state under the umbrella of Accord Party after the previous candidate Ayodele Oyajide stepped down.[24][25]

On 27th of July 2023, Adelabu was included in President Bola Ahmed Tinubu's 28-man ministerial nomination.

He was made minister of power by president Bola Tinubu on 16 august, 2023[26]

References Edit

  1. ^ "Mr. Adebayo Adelabu". Central Bank of Nigeria: Board of Directors. n.d. from the original on April 19, 2018. Retrieved April 23, 2018.
  2. ^ a b "Who is Adebayo Adelabu?". The Nation Nigeria. Oyo State, Nigeria: Vintage Press. February 21, 2016. from the original on March 12, 2018. Retrieved April 23, 2018.
  3. ^ "CBN deputy governor, Adelabu resigns - Daily Post Nigeria". May 31, 2018. from the original on June 20, 2018. Retrieved June 20, 2018.
  4. ^ "CBN Deputy-Gov, Adelabu resigns - Vanguard News". May 31, 2018. from the original on June 20, 2018. Retrieved June 20, 2018.
  5. ^ "The Man Called Adegoke Adelabu 'Penkelemesi'". Old Naija. July 27, 2017. 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. July 4, 2017. from the original on June 25, 2018. Retrieved June 25, 2018.
  7. ^ "Central Bank of Nigeria:: Board of Directors". Central Bank of Nigeria | Home. Retrieved June 3, 2023.
  8. ^ Akinsanmi, Gboyega (October 16, 2016). "Oyo Council Nominates CBN Chief for 2019 Guber Race". This Day. from the original on June 24, 2018. Retrieved April 23, 2018.
  9. ^ "Board of the CBN". Central Bank of Nigeria. from the original on June 25, 2018. Retrieved June 25, 2018.
  10. ^ "Adelabu: a quintessential banker, role model". The Nation. December 6, 2015. from the original on June 28, 2018. Retrieved June 27, 2018.
  11. ^ "Bayo Adelabu Assumes as New CBN Deputy Governor". Invest Advocate. April 9, 2014. from the original on June 28, 2018. Retrieved June 27, 2018.
  12. ^ "FirstBank Appoints 5 Management Executives". Nigeria Communications Week. September 28, 2010. from the original on June 28, 2018. Retrieved June 27, 2018.
  13. ^ "Bayo Adelabu formally assumes role as new CBN Deputy Governor". Pro Share. from the original on June 25, 2018. Retrieved June 25, 2018.
  14. ^ . Tempo. Archived from the original on June 28, 2018. Retrieved June 27, 2018.
  15. ^ "CBN Topshot Bayo Adelabu Constructs New Hotel In Ibadan". Paper Mache. from the original on June 24, 2018. Retrieved June 24, 2018.
  16. ^ "Adelabu resigns as CBN deputy gov to pursue guber ambition". May 31, 2018. from the original on June 20, 2018. Retrieved June 20, 2018.
  17. ^ "Adelabu, ex-CBN deputy governor, joins Oyo governorship race - Vanguard News". June 20, 2018. from the original on June 21, 2018. Retrieved June 21, 2018.
  18. ^ "Ex-CBN deputy gov, Adelabu, enters Oyo guber race". June 21, 2018. from the original on June 21, 2018. Retrieved June 21, 2018.
  19. ^ Ajayi, Ola (September 4, 2015). "100 years after: Ibadan remembers Adelabu Penkelemeesi". Vanguard Newspapers Nigeria. Ibadan. from the original on April 27, 2018. Retrieved April 27, 2018.
  20. ^ Adebayo, Musliudeen (October 1, 2018). "Ex-CBN Deputy Governor, Adelabu emerges APC gubernatorial candidate in Oyo". Daily Post Nigeria. Ibadan. from the original on October 1, 2018. Retrieved October 1, 2018.
  21. ^ "APC candidate, Adelabu concedes defeat, congratulates PDP's Seyi Makinde". March 11, 2019. from the original on March 16, 2019. Retrieved March 11, 2019.
  22. ^ "Oyo Governorship: APC's Adelabu reacts to defeat | Premium Times Nigeria". March 11, 2019.
  23. ^ "Oyo gov aspirant, Adelabu, joins Accord Party". Punch ng.
  24. ^ "Accord affirms Adelabu as Oyo gov candidate". Punch ng. Olufemi Olaniyi.
  25. ^ "2023: Adelabu Emerges Accord Party's Governorship Candidate In Oyo". Daily Trust.
  26. ^ Tolu-Kolawole, Deborah (August 16, 2023). "Full list of ministers and designations". Punch Newspapers. Retrieved August 17, 2023.

October 25, 2023
adebayo, adelabu, listen, born, september, 1970, former, deputy, governor, operations, central, bank, nigeria, currently, serving, federal, minister, power, nigeria, 2019, state, gubernatorial, candidate, progressives, congress, federal, minister, power, niger. Adebayo Adelabu Listen born 28 September 1970 is a former deputy governor operations of the Central Bank of Nigeria and currently serving as the federal minister of power of Nigeria And 2019 Oyo State gubernatorial candidate for the All Progressives Congress 1 2 3 4 5 Adebayo AdelabuAdebayo AdelabuFederal Minister of Power of NigeriaIncumbentAssumed office August 21 2023Deputy Governor Operations Central Bank of NigeriaIn office April 9 2014 May 24 2018Preceded byTunde LemoSucceeded byAde SonubiPersonal detailsBornAdebayo Adekola Adelabu 1970 09 28 28 September 1970 age 53 Ibadan Oyo State NigeriaPolitical partyAccordAlma materLagelu Grammar School IbadanObafemi Awolowo UniversityHarvard Business School Boston USAWebsitehttps penkelemes com ng Contents 1 Early life and education 2 Professional career 3 Personal businesses 4 Political life 5 ReferencesEarly life and education EditAdelabu 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 7 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 8 2 9 Professional career EditAdelabu 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 10 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 11 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 12 Adebayo was appointed by former President Goodluck Ebele Jonathan in February 2014 as Deputy Governor Operations of the Central Bank of Nigeria CBN 13 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 14 Personal businesses EditAdelabu 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 15 Political life EditAdelabu resigned from Central Bank Nigeria with the intention of seeking election into the governorship position of Oyo State in 2019 16 He made his intention official on June 20 2018 when he visited the All Progressive Congress party secretariat in Ibadan to make his declaration and also pick up the governorship aspirant form 17 18 19 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 where contestants Joseph Tegbe Niyi Akintola and four others withdrew from the race with some pledging their unwavering support to Mr Adelabu 20 On March 9 2019 Adelabu lost to Oluwaseyi Makinde of the People Democratic Party in the 2019 Oyo gubernatorial election in Oyo state 21 22 In 2022 he resigned from the All Progressive Party APC and defected to Accord party after he lost the primary election to Teslim Folarin who emerged as the APC gubernatorial candidate 23 He emerged and will be contesting for the Governor of Oyo state under the umbrella of Accord Party after the previous candidate Ayodele Oyajide stepped down 24 25 On 27th of July 2023 Adelabu was included in President Bola Ahmed Tinubu s 28 man ministerial nomination He was made minister of power by president Bola Tinubu on 16 august 2023 26 References Edit Mr Adebayo Adelabu Central Bank of Nigeria Board of Directors n d Archived from the original on April 19 2018 Retrieved April 23 2018 a b 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 CBN deputy governor Adelabu resigns Daily Post Nigeria May 31 2018 Archived from the original on June 20 2018 Retrieved June 20 2018 CBN Deputy Gov Adelabu resigns Vanguard News May 31 2018 Archived from the original on June 20 2018 Retrieved June 20 2018 The Man Called Adegoke Adelabu Penkelemesi Old Naija July 27 2017 Archived from the original on June 25 2018 Retrieved June 25 2018 Oyo Guber 2019 Ibadan Elitist Lagelu Grammar School To Field Eight Old Boys PM Parrot July 4 2017 Archived from the original on June 25 2018 Retrieved June 25 2018 Central Bank of Nigeria Board of Directors Central Bank of Nigeria Home Retrieved June 3 2023 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 Board of the CBN Central Bank of Nigeria Archived from the original on June 25 2018 Retrieved June 25 2018 Adelabu a quintessential banker role model The Nation December 6 2015 Archived from the original on June 28 2018 Retrieved June 27 2018 Bayo Adelabu Assumes as New CBN Deputy Governor Invest Advocate April 9 2014 Archived from the original on June 28 2018 Retrieved June 27 2018 FirstBank Appoints 5 Management Executives Nigeria Communications Week September 28 2010 Archived from the original on June 28 2018 Retrieved June 27 2018 Bayo Adelabu formally assumes role as new CBN Deputy Governor Pro Share Archived from the original on June 25 2018 Retrieved June 25 2018 I still work with CBN says Adebayo Adelabu Tempo Archived from the original on June 28 2018 Retrieved June 27 2018 CBN Topshot Bayo Adelabu Constructs New Hotel In Ibadan Paper Mache Archived from the original on June 24 2018 Retrieved June 24 2018 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 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 Ex CBN deputy gov Adelabu enters Oyo guber race June 21 2018 Archived from the original on June 21 2018 Retrieved June 21 2018 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 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 APC candidate Adelabu concedes defeat congratulates PDP s Seyi Makinde March 11 2019 Archived from the original on March 16 2019 Retrieved March 11 2019 Oyo Governorship APC s Adelabu reacts to defeat Premium Times Nigeria March 11 2019 Oyo gov aspirant Adelabu joins Accord Party Punch ng Accord affirms Adelabu as Oyo gov candidate Punch ng Olufemi Olaniyi 2023 Adelabu Emerges Accord Party s Governorship Candidate In Oyo Daily Trust Tolu Kolawole Deborah August 16 2023 Full list of ministers and designations Punch Newspapers Retrieved August 17 2023 Retrieved from https en wikipedia org w index php title Adebayo Adelabu amp oldid 1172092801, wikipedia, wiki, book, books, library,

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