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    U.S. Senate confirms Adeyemo as Yellen’s deputy at Treasury

    Chronicle EditorBy Chronicle EditorMarch 26, 2021No Comments2 Mins Read
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    US Deputy Treasury Secretary Wally Adeyemo
    US Deputy Treasury Secretary Wally Adeyemo emigrated to the US from Nigeria as a child
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    The U.S. Senate confirmed the nomination of Wally Adeyemo as deputy secretary of the Treasury on Thursday, making him the first Black American to hold the powerful job.

    Treasury Secretary Janet Yellen welcomed the Senate vote, calling Adeyemo “a master of shuttle economic diplomacy” who would help meld U.S. economic and national security interests.

    Adeyemo, 39, has struck a hardline tone on China, vowing to fight what he called Beijing’s “unfair economic practices” and hold China accountable to international rules.

    Adeyemo will play a key role in shaping U.S. economic policy on issues ranging from financial regulation to relief for everyday Americans and U.S. sanctions on foreign governments.

    A former senior adviser at asset manager BlackRock Inc and the child of Nigerian immigrants, Adeyemo served as a top national security and economic adviser to Democratic former President Barack Obama and held senior jobs at the Treasury.

    • Buhari renews Alex Okoh’s appointment as BPE’s DG

    Yellen said Adeyemo was also “a tireless advocate for the working class” who helped build the Consumer Financial Protection Bureau after the global financial crisis of 2008-2009.

    “Those values – and that managerial experience – will be a tremendous asset to Treasury now as we continue implementing the American Rescue Plan,” Yellen said.

    The Senate confirmed Adeyemo on a voice vote, a procedure used when there is little to no opposition.

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    Police nab church member over kidnap of two Catholic Priests in Adamawa

    Police bust human trafficking syndicate, rescue 40 Ghanaians in Ondo 

    July 5, 2025
    Adeleke denies defection rumours

    Adeleke not defecting to APC, Osun PDP declares

    July 5, 2025
    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    Tiwa Savage marks 12 years of debut album ‘Once Upon a Time’

    July 5, 2025
    Nine-man PSG stun Bayern to reach Club World Cup semis

    Nine-man PSG stun Bayern to reach Club World Cup semis

    July 5, 2025
    NLC threatens to shut down Abuja after July 3 over unpaid wages

    NLC vows protest if NASS attempts to decentralise minimum wage

    July 5, 2025
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