By Modupe Gbadeyanka
The Deputy Governors of the Central Bank of Nigeria (CBN) for Financial System Stability and Corporate Services, Mrs Aishah Ahmad and Mr Edward Adamu, respectively, will retain their positions.
This is because the Senate has confirmed their nominations after they were screened by the Senate Committee on Banking, Insurance & other Financial Institutions headed by Mr Uba Sani.
At the plenary on Thursday presided over by the Deputy Senate President, Mr Ovie Omo-Agege, the committee chairman said the duo met the requirements expected of them during the screening process.
Mrs Ahmad was first nominated CBN deputy governor in 2017 following a stellar career at key local and international financial institutions.
She has over 26 years of combined financial policy and private sector experience, specialising in finance, which she has leveraged to maintain stability in Nigeria’s banking sector during her first term, despite local and international market turbulence.
A CFA charter holder, Mrs Ahmad is a graduate of the University of Abuja (Bsc Accounting); the University of Lagos (MBA Finance); and Cranfield University, UK (MSc Finance & Management). She holds the Chartered Alternative Investment Analyst (CAIA) designation and is a fellow of the Chartered Institute of Bankers of Nigeria.
On his part, Mr Adamu was first nominated for the CBN deputy governorship role in 2018 after a long career in CBN, where he rose to the position of Director of HR.
He began his career with the Unified Public Service (UPS) in 1983. He is a graduate of Ahmadu Bello University, Zaria, Kaduna State, where he acquired a BSc. Degree in Quantity Surveying. He is also a fellow of the Nigerian Institute of Quantity Surveyors and the Institute of Credit Administration.
Recall that President Muhammadu Buhari nominated the duo for the positions and asked the Senate to confirm their nominations in line with the provisions of section 8(1) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007, which stipulates that the Governor and Deputy-Governor shall be persons of recognized financial experience and shall be appointed by the President subject to confirmation by the Senate on such terms and conditions as may be set out in their respective letters of appointment.
