 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 with immediate effect including Olufunke Iyabo Osibodu to lead the Union Bank of Nigeria and Suzanne Iroche who took over as CEO of FinBank.Alade was appointed director of the Banking Operations Department in May 2004.