Bayo Adelabu Biography
Born on Monday, 28th September, 1970, to the family of Mr & Mrs. Aderibigbe Adelabu of Oke-Oluokun compound, Kudeti Area in Ibadan, Chief Adebayo A. Adelabu is a second generation direct descendant of the late Alhaji Adegoke Adelabu (popularly known as Penkelemesi), the most flamboyant and articulate grassroots politician of the pre-independence political era and Nigeria’s first Federal Minister of Social Services and Natural Resources.
Bayo 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 with Distinctions. He holds a First Class Degree in Accounting from Obafemi 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.
Bayo is the immediate past Deputy Governor, Operations of the Central Bank of Nigeria (CBN), appointed by former President Goodluck Ebele Jonathan in February 2014. Before his appointment, he was for about five years, an Executive Director/Chief Financial Officer (CFO) of First Bank of Nigeria Plc. He also held the positions of General Manager and the West African Regional Head of Finance and Strategy at the Standard Chartered Bank. He had his professional training with PriceWaterhouse (now PricewaterhouseCoopers), an international firm of chartered accountants and management consultants where he worked for over seven years.
Bayo Adelabu had attended various local and International training, seminars and conferences including the University of London School of Management Development, the Euromoney Executive Education, UK, the United States Institute of Internal Auditors in Orlando, Florida, Harvard Business School, Boston USA, Wharton Business School, Pennsylvania, USA, Stanford Business School, California, USA and Columbia University Business School, New York USA.
Bayo served as the Chairman, Board of Directors of the Nigeria InterBank Settlement Systems (NIBBS) and has chaired the board of Financial Institution Training center (FITC). He also served as a 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).
He is the pioneer and serving Chairman of the 1982/87 Set of the Lagelu Grammar School, Ibadan Old Boys’ Association and once the Treasurer of the Lagos branch of the National Alumni Association. In the year 2012, he led his set, while celebrating their 25th graduation anniversary, to renovate 2 blocks consisting of six classrooms, to donate 500 units of students’ chairs and tables, 10,000 pieces of big exercise books and 10 computer workstations to the school.
And lately, his set just built a block of six toilets for the use of the school. This is in addition to other various support his set alumni have been rendering to the school under his able leadership. Considering all these, the Executive Governor of the state, Senator Abiola Ajimobi appointed Chief Bayo Adelabu as the Pioneer chairman of the Lagelu Grammar School Governing Council as well as the Chairman of-of the Board of Oyo State Security Trust Fund in 2017.
He is a member of Ikoyi Club 1938, Jericho Businessmen Club and Ibadan Golf Club. A responsible and complete family man, Bayo is happily married to Oluwaseyi Omolara and blessed with children.
In his personal capacity, Bayo uses the platform of his NGO, Bayo Adelabu Foundation (BAF) to execute his various philanthropic gestures to the society which include but not limited to Scholarship and Other Education support to indigent students, Health support to the less privileged, Artisans and Traders Finance support, Youth Engagement and Rehabilitation, Support for the Aged, Widows and the Physically challenged and Basic communal infrastructure supports.
It is in recognition of all these that the Central Council of Ibadan Indigenes (CCII) conferred on him in the year 2010 the honour of Ibadan Distinguished Fellowship Award. In addition to this in 2012, the then Olubadan of Ibadan, Oba Odulana Odugade counted him worthy of conferment of a Chieftaincy title of Agbaakin Parakoyi of Ibadanland.
Beyond his official assignment as a Financial management and Banking guru, Bayo has a passion for Hospitality, Entertainment, and Real Estate. He is the Group Chairman of Bayse One Group of Hotels, the Best Western Plus Hotels, Ibadan and Bayse One Farm.