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HomeBusinessSenate confirms Ahmad, Adamu as CBN deputy Governors for 2nd term

Senate confirms Ahmad, Adamu as CBN deputy Governors for 2nd term

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The Senate on Wednesday confirmed President Muhammadu Buhari’s nominees for deputy governors of the Central Bank of Nigeria (CBN), Aisha Ahmad and Edward Lametek Adamu, for their second and final terms in office.

Their confirmation came after the Senate Committee on Banking, Insurance, and Other Financial Institutions, chaired by Uba Sani, approved its report.

Uba stated that the nominees’ appointments were in accordance with the CBN Act and that they possessed relevant academic credentials.

He stated that the committee received no petitions against them and that they passed the screening of relevant security agencies.

In March 2018, Ahmad and Adamu were appointed as CBN deputy governors in charge of the Financial System Stability and Corporate Services Directorates, respectively.

President Buhari asked the Senate President, Ahmad Lawan, to confirm their nominations in the “usual expeditious manner” in a letter earlier this week.

According to the letter, Ahmad, as Deputy Governor in charge of Financial System Stability, is responsible for leading the effort to promote a sound financial system in Nigeria, which is one of the CBN Act’s primary objectives.

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Ahmad serves on the CBN’s Governing Board and Committee of Governors.

She is also the Chairman of the Financial Institutions Training Centre (FITC), a non-profit organization that provides financial services training, consulting, and research.

Her banking and investment experience includes positions at NAL Bank Plc, Zenith Bank Plc, and Stanbic IBTC Bank Plc, among others.

Adamu also began his career in the Unified Public Service (UPS) with the Bauchi State Civil Service in 1983.

He worked for UPS for 35 years, 25 of which were spent at the Central Bank of Nigeria (CBN).

During his time at the CBN, he was seconded to the Gombe State Civil Service as Senior Special Assistant and Head, Procurement Management and Due Process Office from 2008 to 2010.

After returning to the CBN in 2010, he was appointed Director of the Strategy Management Department in 2012.

He was later assigned to the bank’s Human Resources Department as Director in 2016, a position he held until his retirement from the bank on February 14, 2018.

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