Adelabu, Nigeria’s central bank deputy governor steps down July 15

President Muhammadu Buhari has formally accepted the disengagement of Adebayo Adelabu, deputy governor in charge of operations at the Central Bank of Nigeria (CBN), with effect from July 15, 2018.

In a letter dated May 24, 2018 and personally signed by him, Buhari thanked Adelabu for his services to the country and wished 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.

business a.m. learnt Adelabu is stepping down from the apex bank to contest the gubernatorial election in his home state of Oyo in 2019.

Adelabu formally assumed duty as deputy governor at the 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 tendering his letter of disengagement.