Adebayo Adelabu (born September 28, 1970) is the past Deputy Governor, Operations of theCentral Bank of Nigeria. 

Adebayo Adelabu is immediate Past Deputy Governor, Operations, Central Bank of NigeriaIn office
April 9, 2014

Born Adebayo Adekola Adelabu
28 September 1970 (age 47) in
Ibadan, Oyo State,Nigeria.


Early life and education.

Adelabu was born to the family of Mr & Mrs Aderibigbe Adelabu of Oke-Oluokun compound, Kudeti Area in Ibadan. He is a grandson of the late Alhaji Adegoke Adelabu.

Adelabu had his primary education at Ibadan Municipal Government Primary School, Agodi Ibadan between 1976 and 1982 and secondary school education at Lagelu Grammar School, Ibadan between 1982 and 1987.

Adelabu graduated at the age of 21 with a First Class Degree in Accounting fromObafemi Awolowo University, Ile-Ife and 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 Business School, Boston, US, Stanford Business School, Carlifonia, US, Wharton Business School, Pennsylvania, US, University of Columbia Business School, New York, US, Kellogs Business School, US, Euromoney and the University of London Business School, London, UK. 

Professional career

Adelabu started his career with Price Water house now Price water house Coopers, an international firm of Chartered Accountants and Management Consultants where he worked for seven years. While with the firm, he led and managed various audit and consultancy engagements for large banks and non-bank financial institutions within and outside Nigeria.

Then briefly, 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.

Adelabu moved to Standard Chartered Bankas 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.

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

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).

Personal Businesses.

Adelabu is also a business man 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.

Political Life

Adelabu resigned from the (CBN) 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