Fidelity bank banner Camano banner
Adelabu assumes duty as CBN Deputy Governor, promises to make his appointment count

By News Express on 09/04/2014

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 3,062

Two weeks after his confirmation by the Senate, Mr. Adebayo Adekola Adelabu formally assumed his new role as the Deputy Governor of the Central Bank of Nigeria (CBN) today.

Mr. Adebayo, who was accompanied to the Bank by his aides, was welcomed by the Deputy Governor, Corporate Services, Alhaji Suleiman Barau.

Introducing the trio of Yunusa Mohammed Sanusi, Ahmad Abdullahi and Ibitayo Olubenga Amu, Directors in charge of Corporate Secretariat, Governors’ and Security Services Department, respectively, Alhaji Barau disclosed that Mr. Adelabu had been briefed and would be in charge of the Financial System Stability (FSS) Directorate. He wished Adelabu well in his role, expressing confidence that his new colleague would settle down to work immediately. 

Responding, Mr. Adelabu thanked Alhaji Barau and the Directors present for the warm reception accorded him. He said he was indeed eager to start work and contribute his quota to the success of the CBN.

Speaking further, Adelabu, who has over 22 years of cognate experience, said he was bringing on board initiatives that would move the Bank forward. While commending the Management and staff of CBN for the successes recorded by the Bank in the execution of its mandate, he pledged to do his utmost in collaboration with his colleagues to ensure that the CBN takes its pride of place among Central Banks of developed countries around the globe.

Coming from the private sector and having been the Finance Team Leader of CBN’s Corporate Renewal Project tagged “Project Eagles” in 1999, Adelabu said he was not entirely new to the environment and will pursue a philosophy of productivity to eke out the desired result for the Bank.

“I don’t believe so much in activities. It’s more about productivity. I do more of the work than the talk. I don’t believe that we should talk too much. If you have a work to do, do it well and everyone will see that it is a success,” he declared.

Speaking on his youthful mien, the new Deputy Governor, Financial System Stability said he had come to the Bank at the right time as many key decision makers around the world were in their 40s and 50s, which he emphasised were the most productive years in the lives of executives. He therefore expressed confidence that the vibrancy and energy associated with that age bracket, coupled with the experience he had garnered in his professional life would manifest in the discharge of his duties.

According to him, “It’s not so much about age these days, but what you bring to the table. It has to do with your experience. When you have youth in positions of responsibility, you have the strength and vigour to face the rigours of the job.”

Prior to his confirmation as CBN Deputy Governor, Mr. Adelabu was an Executive Director and the Chief Financial Officer (CFO) at the First Bank of Nigeria Plc. He is married and has four children.

CBN Deputy Governor FSS, Adebayo Adekola Adelabu.

Source News Express

Posted 09/04/2014 11:39:54 PM


Share on facebook Yahoo mail icon Gmail icon Share on Google+




You may also like...
UEFA Champions League: Real Madrid draw formidable PSG,...

MMM releases 2017 rules, expected to unfreeze accounts...

Rivers revisited

Oba of Lagos v Ooni of Ife

Proudly South African CEO throws in the towel...

120 defenseless Christians killed in first 10 days...

NLC’s message to Jonathan: “SHOW US THAT YOU’RE...


Fresh PDP collapses after only one month

Buhari and his speechwriter

Governor el-Rufa’i’s aide threatens to sue Senator Shehu...

Ekiti INEC Secretary kidnapped


Latest News Udom Emmanuel emerges Overall Most Performing Governor in Nigeria 2019: Activists give South-East Governors, others ultimatum over alleged secret adoption of Buhari Soldier confirmed killed as troops repel Boko Haram attack 5,000 APC members defect to PDP in Ondo Buratai must account for money spent on Lafiya Dole, Crocodile Smile — Anti-corruption groups Stop discrimination against Igbo, Nwodo warns Nigeria 17 people killed in Niger road crash Nigeria, nine others spurn African Air Transport Agreement NAF, universities collaborate to combat insecurity Petrol tanker collides with tricycle in Yenagoa Ortom seeks prosecution of contractors for abandoning SUBEB projects Anambra will be crime-free during the Christmas/New Year period: Obiano


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (430,864 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,425 views) Shameless Genevieve Nnaji exposes breasts in public (328,286 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,600 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,325 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,479 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,439 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,650 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,139 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,737 views) Lagos plane crash: Journalist releases victims’ names (167,507 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (153,935 views)


CBN banner Zenith Zero Balance First Bank chat banking


Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,884) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (679) Global Business Monitor (313) International (2,836) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (74) News (41,494) Opinion (1,153) Pidgin (13) Politics (8,198) Religion (918) Sports (1,823) Stock Watch (35) AMA & Al Jazeera Global Update





APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera