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

The Senate on Thursday, December 15th, 2022 confirmed Mrs Aishah Ahmad, Deputy Governor, Financial System Stability, Central Bank of Nigeria and Edward Adamu, Deputy Governor, Corporate Services, Central Bank of Nigeria for second and final terms in office.

The confirmation of second terms came a few days after they were screened by the senate committee on banking on the request of the President.

The request is 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.

Speaking during the session, Chairman of the Senate Banking Committee, Uba Sani said that the duo met the requirements expected of them during the screening process.

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Aishah 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 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 (B.Sc. 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.

Edward 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.