Buhari Appoints Edward Adamu, Muiz Banire Completes Tenure

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Tuesday, December 10, 2019 / 02:41PM / News/ Header Image Credit: The Next Edition


President Muhammadu Buhari has named Mr. Edward Adamu as the Chairman of the Asset Management Corporation of Nigeria (AMCON).


This was contained in a letter sent to the Senate by the President on Tuesday.


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Currently, Mr. Edward Lametek Adamu is a Deputy Governor, corporate services of the Central Bank of Nigeria'. He was nominated by President Buhari and confirmed by the Senate in 2018.


The recent nomination of Edward Adamu by President Muhammadu Buhari is as a result of the amended AMCON act signed into law in August 2019 which stated that chairman of the corporation must be nominated from one of the deputy governorS of the apex bank, the Central Bank of Nigeria.


About Edward Adamu 

Edward Adamu was born on June 22, 1959 (57yrs) in Kaltungo LGA, he is happily married with four children , and has acquired over twenty five years of experience at the CBN. 


With a degree in Engineering degree (Quantity Surveying), Second Class Upper from the Faculty of Engineering at Ahmadu Bello University Zaria, he is a Fellow of the Nigerian Institute of Quantity Surveyors.  He has several postgraduate professional certifications from the Institute of Credit Administration of Nigeria, Wharton School USA, INSEAD France, Chicago Booth & IMD Switzerland.  


He is an active member of several professional bodies including the Nigerian Institute of Quantity Surveyors; Project Management Institute, USA; International Knowledge Management Institute, USA; International Society for Performance Improvement, USA; and the Association of Project Managers, UK.  


He joined the CBN in June 1992 and in 2012, was appointed Director of the Strategy Management Department where he was responsible for alongside the Board of the bank, ensuring that the "CBN has a clearly articulated strategy that would ensure the delivery of the Mandate of the Bank, organizational alignment and focus on strategy - from development to execution - by integrating Strategy-Focused concepts, principles, and best practices into the fabric, cadence, and processes of the organization."


As Director of Strategy, he was a member of the Monetary Policy Implementation Committee and the Financial Services Regulatory Coordination Committee as well as an observer at the Monetary Policy Committee (MPC). 


In 2016, he was appointed Director, Human Resources Department with the task of developing the Human Capital assets of the regulator.  


In 2008 he was seconded for two years to the Gombe State Government to set-up and run a strategic framework for best practices in procurement.  


In 2010, he served as Programme Director (Head of the Projects Planning and Implementation Division) handling multi-dimensional large scale projects for the Bank.  


In 2004 as an Assistant Director, he was the Head of the Non-core Team under a Re- engineering and Re-structuring program (Project EAGLES) undertaken to re-position the Bank working with Accenture Consulting.  


In 2005, he led the Knowledge Management Team where he oversaw the development of a Knowledge Management Framework for the Bank.  


In 2006 as a Deputy Director, he served as Head of Business Support Division of the Bank handing a portfolio of teams and functions including Knowledge Management, Records Management, Strategic Alliance and Price Intelligence.  


Between 1992 and 2003, he served in several offices of the Engineering Services Department of the Bank handling Project Conception, Evaluation, Contract Documentation, Cost Planning & Control, Project Implementation and Closure of several projects of the Bank including the current CBN Head Office Abuja. Rising from the position of a Manager to an Assistant Director. 


He is a member of several Board and Project Steering Committees of the Bank including; Budget; Staff Matters; Pension Fund Management; Establishment, Enterprise Learning, Assets Disposal and REAL SPARC Project. 


Reference Links

1. AMCON Act, 2010

2. AMCON (Amended) Act 2015

3. August 2019 Amendment - AMCON

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Related to Edward Adamu

  1. Senate Confirms Aisha Ahmad and Edward Lametek Adamu as Deputy Governors of CBN - Mar 22, 2018
  2. Presidency Confirms Scoop, Nominates Edward Lamek Adamu as Deputy Governor, CBN - Feb 02, 2018
  3. Buhari To Appoint Edward Lametek Adamu as Deputy Governor of CBN - Jan 25, 2018


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