The Nigerian Senate on Wednesday confirmed the appointment of Mrs. Aishah Ahmad and Mr. Edward Lametek Adamu as the deputy governors of the Central Bank of Nigeria, CBN for a second term in office.
Confirmation of their appointments followed the adoption of the report of the Senate Committee on Banking, Insurance and other Financial Institutions, chaired by Senator Uba Sani.
It would be recalled that Mrs. Ahmad and Mr. Adamu were first appointed as CBN deputy governors in charge of the Financial System Stability and Corporate Services Directorate respectively in March 2018.
According to President Buhari’s letter to the senate, 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, Ahmad 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.
Her banking and investment career spans several financial institutions including NAL Bank Plc, Zenith Bank Plc and Stanbic IBTC Bank Plc, among others.
Also, Edward Adamu began his career in the Unified Public Service (UPS) in 1983 with the Bauchi State Civil Service. He spent 35 years in the UPS, 25 of which was spent in the Central Bank of Nigeria, CBN.
During his years in the apex 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 February 14, 2018.
Cash Withdrawal Limits
The Senate also threw its weight behind the cash withdrawal limits of the CBN with implementation date set for January 9, 2023.
The Lawmakers said the Central Bank of Nigeria should considerably adjust the withdrawal limits in response to public outcry on the policy;
“That the Committee should continue to embark on aggressive oversight of the Bank on its commitment to flexible adjustment of the withdrawal limit and periodically report outcome to the Senate;
“That the Senate should support the Bank in the continuous implementation of transformational payments and financial industry initiatives in line with its mandate in accordance with the CBN Act.”