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Adelabu assumes duty as CBN Deputy Governor

By BusinessNews Staff on April 10, 2014

Two weeks after his confirmation by the Senate, Mr. Adebayo Adelabu on Wednesday formally assumed his new role as the Deputy Governor of the Central Bank of Nigeria.

The development was confirmed by a statement by the apex bank.

The statement stated that Adebayo, who was accompanied to the Bank by his aides, was welcomed by the Deputy Governor, Corporate Services, Alh Suleiman Barau.

Barau disclosed that Adelabu had been briefed and would be in charge of the Financial System Stability Directorate.

He therefore wished Adelabu well in his role, expressing confidence that his new colleague would settle down to work immediately.

Adelabu thanked 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 bank.

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 the CBN for the successes recorded by the bank in the execution of its mandate, he pledged to ensure that the CBN takes its pride of place among Central Banks of developed countries.

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 would pursue a philosophy of productivity.

[Punch]

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