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Adebayo Adekola Adelabu

Adebayo Adekola Adelabu

Minister of Power

All Progressives Congress Oyo State

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Biography & Profile

Bio Summary

Adebayo Adekola Adelabu is Nigeria’s current Minister of Power, appointed in August 2023. A distinguished accountant and banker from Oyo State, he previously served as Deputy Governor (Operations) of the Central Bank of Nigeria. With elite academic qualifications and executive leadership in major banks, board governance, and entrepreneurship, Adelabu brings technocratic rigor and financial strategy to drive stability and reforms in Nigeria’s power sector.

Education

  1. First‑class degree in Accounting, Obafemi Awolowo University, Ile‑Ife
  2. Fellow, Institute of Chartered Accountants of Nigeria (ICAN); Fellow, Chartered Institute of Bankers of Nigeria; Associate Member, Institute of Directors (Nigeria & UK)
  3. Professional courses at Harvard Business School, Stanford, Wharton, Columbia, Kellogg, Euromoney, University of London

Professional Background

  1. Started at PricewaterhouseCoopers (PwC), managing audit and consultancy projects across financial institutions
  2. Seconded to Central Bank of Nigeria (CBN) in 1999, spearheading “Project EAGLES” internal reforms
  3. Held leadership roles at First Atlantic Bank: Financial Controller, Chief Inspector, and Group Head of National Public Sector Business (2000–2003)
  4. West African Regional Head of Finance & Strategy (Consumer Banking), Standard Chartered Bank (Lagos & Accra) until 2009
  5. Executive Director and Chief Financial Officer, First Bank of Nigeria Plc at age 39
  6. Deputy Governor (Operations), Central Bank of Nigeria (2014–2018)
  7. Board roles: Chairman of Nigeria InterBank Settlement Systems (NIBSS); Chairman, Financial Institution Training Centre (FITC); Board member of FIRS, NSPMC, AMCON, NIRSAL
  8. Entrepreneur: Chairman of Bayse One Group of Hotels, Best Western Plus Hotels (Ibadan), and Bayse One Farm

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