Adelabu Adebayo Adekola
2023 Gubernatorial Elections (2023)
Adelabu Adebayo Adekola is a former CBN deputy governor and current Minister of Power who ran in Oyo's 2023 governorship election.
Born: 1 January 1972 (age 54)
State: Oyo
Party: Accord (A)
Gender: Male
Qualifications: FSLC WAEC B. SC. ACCOUNTING
Running Mate: Ayandele Abiodun Ayanfemi
Bio
Adelabu Adebayo Adekola (Adebayo Adelabu, born September 9, 1970; listed date of birth: 1972-01-01) is a Nigerian politician and public official. He is male, holds FSLC, WAEC, and B. SC. ACCOUNTING qualifications, and contested the 2023 Oyo State governorship election with Ayandele Abiodun Ayanfemi as running mate. The source also notes his earlier 2019 Oyo governorship candidacy for the All Progressives Congress, his service as former Deputy Governor (Operations) of the Central Bank of Nigeria, and his position as Nigeria's Federal Minister of Power. He is from Ibadan, linked to Oke-Oluokun compound in Kudeti Area, and is the grandson of Adegoke Adelabu.
Adelabu attended Ibadan Municipal Government Primary School, Agodi Ibadan (1976-1982), then Lagelu Grammar School, Ibadan (1982-1987), and earned a first-class degree in Accounting from Obafemi Awolowo University, Ile-Ife. He is a Fellow of the Institute of Chartered Accountants of Nigeria (ICAN), a Fellow of the Chartered Institute of Bankers of Nigeria, and an Associate Member of the Institute of Directors of Nigeria and the United Kingdom. He also completed professional courses at Harvard, Stanford, Wharton, Columbia, Kelloggs, Euromoney, and the University of London.
He began his career at PriceWaterhouse (now PricewaterhouseCoopers), where over seven years he led audit and consultancy engagements for major bank and non-bank financial institutions in and outside Nigeria. In 1999, during a one-year secondment to the Central Bank of Nigeria, he led the finance team for the CBN re-engineering and corporate renewal initiative tagged "Project EAGLES." He left PriceWaterhouse in 2000 as an audit manager and senior consultant, joined First Atlantic Bank as Financial Controller and Group Head of Risk Management and Controls, became Chief Inspector in 2002, and then Group Head of National Public Sector Business in 2003. He later served at Standard Chartered Bank as West African Regional Head of Finance and Strategy (Consumer Banking) in Lagos and Accra until 2009, before becoming Executive Director/Chief Financial Officer of First Bank of Nigeria Plc. (FBN) at age 39.