Central Bank of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959.
The major regulatory objectives of the bank as stated in the CBN Act are t ...
during the suspension of
Lamido Sanusi
Sanusi Lamido Sanusi (Ajami: سنوسي لاميط سنوسي, ''Muhammadu Sanusi na biyu''; born 31 July 1961), known by the religious title Khalifa Sanusi II (Ajami: خليفة السنوسي), is a spiritual leader in the Tijanniyah Sufi ord ...
until his tenure ended. She was appointed to the post by President Goodluck Jonathan on 20 February 2014.
Alade was appointed acting governor of the Central Bank of Nigeria from 20 February 2014 until the appointment of Godwin Emefiele. Prior to this time, she had served as deputy governor (Economic Policy), Central Bank of
Nigeria
Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf of G ...
from 26 March 2007.
Education
Alade attended the
University of Ife
Obafemi Awolowo University (OAU) is a federal government-owned university that is located in the ancient city of Ile-Ife, Osun State, Nigeria. The university was founded in 1961 and classes commenced in October 1962 as the University of Ife ...
, Ile-Ife, where she obtained a B.Sc (Hons) degree in Economics in 1976. She also obtained an M.Comm degree at the
University of Melbourne
The University of Melbourne is a public research university located in Melbourne, Australia. Founded in 1853, it is Australia's second oldest university and the oldest in Victoria. Its main campus is located in Parkville, an inner suburb n ...
, Australia in 1983 and a PhD Management Science (Operations Research), from the University of Ilorin in 1991.
Career
Alade commenced her working career in 1977 with the Ministry of Finance and Economic Development,
Ilorin
Ilorin is the capital city of Kwara State in Western Nigeria.. Retrieved 18 February 2007 As of the 2006 census, it had a population of 777,667, making it the 7th largest city by population in Nigeria.
History
Ilorin was founded by the ...
, Kwara State. In 1991, she joined the University of Ilorin as a lecturer in the Department of Accounting and Finance. She joined the Central Bank of Nigeria in 1993 as an assistant director in the Research Department, where she served as head of the State Government Finance Office (1993–96), head of the Federal Government Finan Office (1996–2000) and head of the Fiscal Analysis Division (2000–04).
Alade has served on the teams on major economic policy studies, and has been involved in the preparation of Central Bank of Nigeria's monetary and credit policy proposals over the years. She was actively involved in the drafting of the Medium Term Economic Programme (MTP) for Nigeria and the
IMF
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
staff Monitored Programme/Standby Arrangement.
Alade was present as deputy governor when it was announced that five Nigerian bank CEOs were being dismissed on 13 August 2009. Five replacements were named by the
Central Bank of Nigeria
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959.
The major regulatory objectives of the bank as stated in the CBN Act are t ...
with immediate effect including
Olufunke Iyabo Osibodu
Olufunke Iyabo Osibodu or Funke Osibodu is a Nigerian banker who led Ecobank Nigeria and the Union Bank of Nigeria.
Life
Funke Osibodu was born in January 1959. She attended the University of Ife and the Harvard Business School. ...
to lead the
Union Bank of Nigeria
Union Bank of Nigeria Plc is a commercial bank in Nigeria. It has been operating in Nigeria since 1917.
Overview
Union Bank is a large commercial bank, serving individuals, small and medium-sized companies, as well as large corporations and or ...
and
Suzanne Iroche Suzanne Olufunke Iroche or Suzanne Olufunke Soboyejo-Iroche is a Nigerian banker who leads FinBank.
Life
Iroche attended the Queen's College, the University of Lagos and the Kellogg School of Management in Illinois.FinBank.CBN sacks 5 Banks Directors Gabriel Omoh and Babajide Komolafe, 14 August 2009, VanguardNGR, Retrieved 23 February 2016
Alade was appointed director of the Banking Operations Department in May 2004. In that capacity, she served as chairman of the board of directors of the Nigeria Interbank Settlement System (NIBSS) as well as secretary of the National Payments System Committee (NPSC).
Alade was a member of the technical committee of the Vision 2010 and currently a member of the technical committee of Vision 2020 and member of the National Economic Management Team (EMT).
As deputy governor of Economic Policy, Alade superintends over the Economic Policy Directorate, comprising the Research, Monetary Policy, Trade and Exchange, Statistics Departments and Financial Markets Department. As chair of the Monetary Policy Implementation Committee (MPIC), she interfaces with operational departments and coordinates technical inputs for the Monetary Policy Committee (MPC).
Alade, who is a member of the Nigerian Economic Society (NES), has several publications to her credit and is currently carrying out research into interest rate policy and monetary policy implementation in Nigeria. Alade is a fellow of the Nigerian Institute of Operational Research.
Alade served as acting governor from February 2014 until Godwin Emefiele took over.Godwin Emefiele new CBN governor VangouardNGR, Retrieved 23 February 2016