Senate Confirms Ahmad, Adamu CBN Deputy Governors

The Senate has confirmed Mrs Aishah Ahmad as deputy governor, Financial System Stability, and Edward Adamu, deputy governor, Corporate Services, of the Central Bank of Nigeria (CBN) for second and final terms in office.

Their confirmation came a few days after they were screened by the Senate Committee on Banking on the request of President Muhammadu Buhari.

The request was in line with section 8(1) of the CBN (Establishment) Act 2007 which stipulates that the governor and deputy governor shall be persons of recognised 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.

At the session, committee’s chairman, Senator Uba Sani, said the duo met the requirements expected of them during the screening process.

Ahmad was first nominated as CBN deputy governor in 2017 following a stellar career at key local and international financial institutions.

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She has over 26 years 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, Ahmad is a graduate of University of Abuja (BSc Accounting); 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.

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 HR.  He began his career with the Unified Public Service (UPS) in 1983. He is a graduate of the 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.