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Senate confirms Adamu, Ahmad as Deputy Governors, CBN for second term

by Business News Report

Senate has confirmed the former  Director Human Resources of the Central Bank of Nigeria, CBN, Edward Lametek Adamu for the position of Deputy Governor of the nation’s apex bank to complete another tenure in office. Also confirmed by the Senate is the  CBN Deputy Governor, Mrs Aisha Ndanusa Ahmad for the second and last time in that position. The confirmation of Adamu and Ahmad by the Senate was sequel to the presentation and consideration of the report of the Committee on Banking, Insurance and other Financial Institutions presented by the Chairman, Senator Uba Sani, APC, Kaduna Central. President Muhammadu Buhari had on 7th December written the Senate, seeking for the  screening and subsequent confirmation of  the former  Director Human Resources of the Central Bank of Nigeria, CBN, Edward Lametek Adamu for the position of Deputy Governor of the nation’s apex bank.

According to the letter read during  plenary by the President of the Senate, Senator Ahmad Lawan, the nomination of Adamu was  for the second and last time in office. President Buhari  also written to the Senate, asking for the screening and confirmation of the CBN Deputy Governor, Mrs Aisha Ndanusa Ahmad for the second and last time in that position. Ahmed and Ahmad were first appointed as CBN deputy governors in charge of Corporate  Services Directorate and the Financial System Stability respectively in March 2018.  President Buhari, in a letter had   asked the Upper Chamber to confirm their nominations in the “usual expeditious manner.”

According to the President, the communication was in line with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007. He said that  Aisha Ahmad as  Deputy Governor in charge of Financial System Stability, is responsible for leading the effort to promote a sound financial system in Nigeria; one of the principal objects of the Bank as specified within the CBN Act. In this role, Aisha is a member of the Governing Board and Committee of Governors at the CBN and Chairman, of the Financial Institutions Training Centre (FITC) – a not-for-profit organisation offering training, consulting and research services for the financial services sector.

Before her appointment at the CBN, Aisha was Executive Director, Retail Banking at Diamond Bank PLC, with over 22 years of experience as a corporate executive and finance expert. Her banking and investment career spans several financial institutions including NAL Bank Plc, Zenith Bank Plc and Stanbic IBTC Bank Plc, amongst others. Also Edward Adamu began his career in the Unified Public Service (UPS) in 1983 with the Bauchi State Civil Service.  He spent thirty-five (35) years in the UPS, twenty-five (25) of which was spent in the Central Bank of Nigeria (CBN). During his years in the Central Bank, he was seconded to the Gombe State Civil Service from 2008 to 2010 as the Senior Special Assistant and Head, Procurement Management and Due Process Office. He returned to the CBN in 2010 and was appointed Director of the Strategy Management Department in 2012, after a selection process. He was later deployed to the Human Resources Department of the Bank in 2016 as Director, a position he held until his retirement from the services of the Bank on 14th February 2018.

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