CBN: nominees face Senate embargo

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Edward Lamatek Adamu, director of human resources, whose elevation as a deputy governor of the Central Bank of Nigeria was announced recently, faces the uncertainty of clearance by the Nigerian Senate.

The new CBN deputy governor nominee was appointed in accordance with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007, according to the letter dated January 26, 2018, sent to the Senate President.

Mr. Adamu, from Gombe State, replaces Mr. Sulaiman Barau, from Zaria, Kaduna State, who retired in December 2017.

The nominee, who has spent 25 years in the CBN, was appointed in 2012 as Director of Strategy.He became Director, Human Resources in 2016, from where he was nominated as Deputy Governor.

The CBN, according to its organogram has positions for four deputy governors: corporate services, economic policy, financial system stability and operations

In place now are Adebayo Adelabu, who was appointed in 2014 as deputy governor operations and Dr. Okwu Joseph Nnanna, appointed in March 2015 for financial system stability.

Meanwhile, one of the appointees Aisha Ahmad who was appointed by Buhari, as CBN deputy governor in October 2017 is also awaiting Senate clearance and her portfolio was not stated, just like Adamu’s.

 

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