President Taps Aishah Ahmad as CBN Deputy Governor Nominee

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Aishah Ahmad
  •  Nominates Adenikinju, Sanusi, Asogwa and Maidugu as MPC members

Omololu Ogunmade in Abuja and Obinna Chima in Lagos

Signalling a shift towards youths and women in federal appointments, President Muhammadu Buhari Thursday appointed 40-year-old Mrs. Aishah Ahmad, currently Executive Director, Diamond Bank, as the next Deputy Governor of the Central Bank of Nigeria (CBN).

Ahmad whose appointment is subject to Senate confirmation, will replace Dr. Sarah Alade who retired in March this year.

A statement by the president’s chief spokesman, Mr. Femi Adesina, said the appointment was made in accordance with Section 8(1)(2) of the CBN (Establishment) Act.

Adesina also said Buhari, who had sent the nominee’s name to the Senate President, Dr. Bukola Saraki, for the Senate’s confirmation, urged the parliament to expeditiously confirm Ahmad’s appointment to enable her resume work immediately.

Adesina said the president equally sought the Senate’s confirmation of newly appointed members of the Monetary Policy Committee (MPC) of the CBN.

According to him, the new appointees will replace four members of MPC whose tenure will expire at the end of the year.

The nominees are Professor Adeola Festus Adenikinju, Dr. Aliyu Rafindadi Sanusi, Dr. Robert Chikwendu Asogwa and Dr. Asheikh A. Maidugu.

He added that the new MPC nominees, if confirmed by the Senate, would resume duty next January.
Ahmad, the deputy governor nominee, boasts an impressive resume, spanning 20 years in banking and finance in Nigeria and the United Kingdom.

To take up the post, she will be leaving Diamond Bank Plc where she is currently the Executive Director, Retail Banking.

Prior to her current position with the bank, Ahmad was the Head, Consumer and Privilege Banking at Diamond Bank and was previously the Head, Retail Banking Directorate of the bank.

She joined Diamond Bank in June 2014 as a Deputy General Manager and the Head of Retail Financial Services Division, overseeing Privilege Banking, Consumer Banking Group, Retail Assets, Cards and Customer Engagement & Insight.

Prior to joining Diamond Bank, Aishah worked with Stanbic IBTC Holdings where she served in various capacities as Head, High Net Worth Individuals, Head, Private Client Services and Deputy Head, Private Client Services between 2009 – 2014.

She had also worked with other companies such as Zenith Capital Limited as the Head, Business Development, Bank of New York Mellon (UK), Synesix Financial Limited (UK), Zenith Bank Plc as Head of the Retail Banking Unit, and NAL Bank Plc as Head of Private Banking.

She started her banking career with First Interstate Bank Plc as Executive Assistant, Treasury Group, before which she had stints with Manstructs Group Nigeria Limited as Group Accountant and Z. O. Ososanya & Co.

She holds a Bachelor of Science degree in Accounting from the University of Abuja, an MBA (Finance) from the University of Lagos and an M.Sc. Finance and Management from the Cranfield School of Management, UK.

She is a Chartered Alternative Investment Analyst (CAIA) and she holds the Chartered Financial Analyst (CFA) designation.

She is described as a creative, versatile professional with strong educational grounding in finance and broad banking and capital markets experience.

Ahmad has demonstrated proven success at enhancing the value of institutions by driving exceptional business performance.

She leverages a multi-ethnic background, cross-sectoral industry network, predisposition for analytical problem solving and ability to inspire diverse teams to aspire and exceed expectations.
A strong advocate for female empowerment, Ahmad is the current Chairperson of Women in Management, Business & Public Service (WIMBIZ), a leading women-focused NGO in sub-Saharan Africa, and serves on the board of SOS Children’s Villages Nigeria.

She is also a Steering Committee Member of the Cherie Blair Foundation’s Road to Growth Project for women in conjunction with Enterprise Development Centre (EDC) at the Lagos Business School.
MPC nominee, Adenikinju, holds a PhD Degree in Economics from the University of Ibadan and is currently a Professor of Economics in the same department.

He is also a research professor at the Centre for Econometrics and Allied Research, as well as Senior Research Fellow, Macroeconomic Study Group, University of Ibadan.

Adeola has consulted for such organisations as the European Union, United Nations, the Nigeria Liquefied Natural Gas (NLNG) Company, African Economic Research Consortium, OECD, UNIDO, ECOWAS, UNECA, the World Bank, and National Data Bank, among others.

He was one of the consultants that prepared the First Perspective Plan for Nigeria. He is also involved in the United Nations Project Link that makes economic projections on the Nigerian economy.

Adenikinju was also a visiting scholar at the International Monetary Fund (IMF) in 1996 and 2005.
Another MPC nominee, Sanusi, is an Associate Professor of Economics, Department of Economics, Ahmadu Bello University, Zaria. He took time off to study for a Masters Degree in International Business at the Lancaster University Management School, UK, where he also obtained his PhD in Economics.

Sanusi has attended local and international conferences and workshops, and his published articles have appeared in academic journals such as the West African Journal of Monetary and Economic Integration, the Nigerian Journal of Economic and Social Studies, and Central Bank of Nigeria’s Economic and Financial Review, among others.

Asogwa, the third MPC nominee, is the Team Leader of Inclusive Growth at the UN Development Programme (UNDP), while Maidugu is a Director with the Federal Inland Revenue Service (FIRS) and had previously worked with the Debt Management Office and Economics Department, University of Maiduguri.

  • Milito

    If beauty and academic qualification is the only criteria required for the job, then Aishah is eminently qualified. However the requisite experience is missing here. Please her EXECUTIVE DIRECTORSHIP was a stage managed affair in the last few weeks in anticipation of this appointment. She joined Diamond Bank as DGM in 2014 from Stanbic where she was a mere Senior Manager (another aberration in the industry) and remained as DGM till just few weeks ago . This her EDship is even still unknown to staff of the bank as i speak. This narrative is without any beef or prejudice but a mere statement of facts!

    Having said this, i am very happy for her and believe that she will learn on the job as she is quite a smart lady. I also don’t think there is politics in her appointment as she just filled the void left by Sarah Alade’s retirement which by constitution is assigned to the north central region. Perhaps, the question will be whether she is the best the region can produce? That i cant tell but am happy for her and wish her a great success. Ride on lucky and pretty DIAMOND!

  • Marcus Ijele

    To monitor Emefiele.

  • austin

    Haa, this one na model o, no be bank executive director.

    • abodes_124

      [on a lighter note!] At least she has that going for her. that may be why her specialty was looking after portfolios of the banks well heeled clients. You wouldn’t refuse a meeting with her would you?

      • austin

        Naaa, I wouldn’t dare.
        Life is for living my brother. Hahaha

  • Rzg

    Central bankers are supposed to be economists who understand fiscal and monetary policy

    • WJasper

      Tell us if this 40year old lady is not experienced and qualify enough.
      Check her experience if she had not been involved in economics and business development.
      Why are you like this?
      So, when will the Young grow? Or is it that you want PMB to appoint one Old man again?

      • PRIME MINISTER

        She is an experienced marketer, good in private banking. No experience or knowledge of economic and monetary policies. Business development is another name for marketing. Please compare her cv with that of people nominated into the MPC, sound economists. Another square peg in a round hole.

        • WJasper

          Take a Study on the functions of CBN and you understand that there will be a serious problems if all the people there are core economists. CBN will become a body of constraints lacking in expected innovations.

        • Pascal66

          I totally agreed with PM. Senate should Check whether she graduate from ABU with a quota degree, and nominated by Tanko Yakassai or quota Professor Ango Abudulahi for that position to represent Fulani interest in CBN. Because govt. is now Govt. of the Falanis,for Islamists by the Boko Haram sponsors.Again, she is a marketer/ Business development expert, good in private banking. No experience whatever or knowledge of economic and monetary policies, haba .

    • PRIME MINISTER

      You are absolutely correct.
      Today’s Nigeria is about politics and ethnicity. The northern leadership hardly thinks of qualifications.

  • Jon West

    Fine girls and Local content finance operators , all with hyped credentials . Well, worse things have happened under the watch of the Futa Jallon immigrant maximum ruler. Appointments without stars befit a Government without stars. Sai baba, bring on 2019, we badly need a reset.

  • Pascal66

    I think this is one of the most reasonable appointments President Muhammadu Buhari has ever made based on merit. Suspiciously,I hope she was not appointed to represent one Islamic or Boko Haram group in Daura. Or was appointed to represents one of Fulani Islamists to steal / loot another $26b for our living Coffin (Buhari’s) re- election campaign come 2019 like Dr. Baru the GMD,NNPC (Northern Nigeria Petroleum Cooperation) .Or was appointed to represent Boko Haram sponsors in Aso Rock Villa called Cabals, Hyenas, Jackals connected to Fulani immigrant settlers in the North from Futa Jellon, Sudan.
    Unfortunately, highly respected Buhari of all people, elected by good people of Nigerians under APC platform , allowed tribal selfishness, nepotism, religious favoritism to over ride his national campaigned objective interests for criminal Fulani islamist elements like Quota Prof. Ango Abuldulahi, Tanko Yakassi,Maman Dauras ,etc
    .Lets us watch if her Christian background will Nigeria wrong of Buhari’s Islamic agenda in his appointments.

    • OshyLike

      You may not see a Southerner who are equally qualified, that can be appointed now at the age of 40 such as this and that of the MD of NPA, by this regime. I am waiting for one.

  • remm ieet

    Perfect Nigerian. Northern name. Southern face.

  • Kekedu

    Fine babe

  • Daniel Obior

    Aishah Ahmad may be eminently qualified. But, it is no mere coincidence she is a northerner, given Buhari’s pedigree. Northern president!

    • Ralph

      So you want both Governor and Deputy to be southerners. Sure youre ok?

      • Omooba Adekunle Orafidiya

        CBN boasts of 3 or so Deputy Governors.

        • Ralph

          🙂 My dear friend. Good morning. Let us focus on how qualified she is. Not her origin or religion. I personally think she has great experience, but not enough for the post. But if it is to understudy then fine. There are enough brains there for her to learn from

          • Omooba Adekunle Orafidiya

            My dear friend, where, in my post, did I mention ethnicity or religion? I merely provided info on the number of DGs at CBN. Let’s endeavor to read and understand other people’s posts before replying to them.

          • Ralph

            Ok sir

          • OshyLike

            By this regime, I am still waiting for the appointment of similarly qualified gentlemen and ladies who are 40yrs of age from the South, for position in like manner to the Deputy Governor of CBN and MD of NPA

          • WJasper

            How Old is Dakuku of NIMASA.

          • OshyLike

            Peterside Dakuku is 47 years old.

          • PRIME MINISTER

            Exactly our current problem and reason why we are not surviving the recession. Many people are learning on the job!
            The budget minister, power minister, finance minister etc all learning on the job. No round peg in a round hole.

      • Daniel Obior

        Why don’t you first ask yourself and Buhari who virtually northernised the entire military and security organisations in the country, whether you are both ok? How dumb to be concerned about southerners in the CBN, when Buhari has wholesale northernised appointments in the entire spectrum of the public sector.

      • PRIME MINISTER

        No, but I don’t believe she is the best the north has to offer. She has been a marketer and has not been involved in economic policy formulation and implementations and has no academic knowledge in that regard. CBN leadership should be economists. She is inexperienced for this position just like the finance minister who is learning on the job.
        She was only made an ED recently at diamond bank in anticipation of this appointment to shore up her qualification.

      • abodes_124

        All members of all Nigeria’s security apparatuses are northerners/muslims bar one. what do you say to that.

    • Full blooded Nigerian

      She is a nkrtherner from north central and filling the gap of Dr. Sarah Alade who is also from north central. Hope my narrative satisfied your anxiety.

      • john

        No explanation can satisfy that man Daniel. He’s too bigoted and full of hate. He’s prayed for the downfall of this govt since inception. Instead he ends up fallen and disappointed.

        • Daniel Obior

          The worst bigot resides in Aso Rock. You are too dumb to notice.

      • Daniel Obior

        My first sentence here dealt with the issue of qualification. Buhari is his own enemy. That he has replaced like for like this time is not the issue. To what extent has he done that with the majority of his appointments? Why today do we have the military and security organisations virtually dominated by northerners? Why has the recent reorganisation of top NNPC management resulted in overwhelming northern domination? Lets not go into other sectors of the public service. Until he stops his clannish and nepotistic attitude, he remains condemned at the alter of fair play.

        • abodes_124

          Yes this poor lady may indeed be qualified for the job but given Buharis antecedents the popular perception is that she is there as a quota candidate with a lower ‘cut of mark’ than other more meritorious candidates. This perception will dog her through out her term in this post. If I were a bright confident Northerner [of which there are many] I would quietly but politely refuse any government appointment from Buhari in the present atmosphere.

    • john

      The voice of hatred and failure. All your negative wishes for this man just refused to materialise. Why did your dollar not rise again, why are reserves rising. Why did buhari not die in London, why did your COWardNU run with his tail between his legs?. Like davido would sing…. FAILURE FOLLOW YOU.

      • Daniel Obior

        I will repeat again that Buhari is not worth my hatred. I do not hate him, but I dislike him. I dislike him because he is a despot, vindictive, parochial and nepotistic, believes all problems must be solved by unleashing the military instead of engaging in dialogue, and has low intellect, among other things. The Naira is up today against the dollar due to the efforts under Osinbajo who engaged the people of the Niger Delta, resulting in sustained oil production with increased inflow of dollars. You are of course too dumb to make the connection. If you consistently read my posts, I was against using Buhari’s illness against him. I did suggest he ought to resign to pay more attention to his health, as I considered his life more important than power. I also believe Nigeria will do better without him in power. I do not wish anyone dead, and do not have a devious mind like yours. The difference between us is that I am bold enough to criticise the wrongs of this government, giving my reasons which you cannot fault. As for you, you are such a foolish slave you cannot speak against bad governance. Shame on you.

    • john

      Out of all the comments here. Only one comes from a bigot who finds it hard to make it in life. By the time you start seeing the good in others without your filthy ethnic prisms, you’ll start making progress. Till then continue failing.

      • Daniel Obior

        You are so dumb you do not even recognise the biggest bigot staring at you from Aso Rock. Talking about failing, this country has been failing since your barely literate hero took over. Deal with that, dumb ass.

    • PRIME MINISTER

      She is an experienced marketer and good in private banking. No experience or knowledge of economic and monetary policies. Please compare her cv with that of people nominated into the MPC, sound economists. Another square peg in a round hole.

      • Daniel Obior

        Fully agree with you. Typically Buhari, the champion of parochialism, clannishness and nepotism.

  • Darcy

    No Jukun, Tiv or Ijaw… It’s high time the Igbos, Yorubas and Hausas stop marginalising them.

    I wonder though, why has Mrs Ahmad been the one getting all the attention?

    • jollyfella

      Because, every appointment of such named(arabic) person is deemed as nepotism in play and lopsided even when any individual merits it.

      • WJasper

        It is so unfortunate.
        It wouldn’t be hypocritical on the part of the emergency critics if we had got the same complaints when Jona was flooding the CBN, SGF, parastatals under Finance ministry and other key agencies with Igbos while the Yorubas were crying without any threats except political permutations.

        • abodes_124

          Tribal angle as always with Jonathan thrown in for good measure. Try and stay on topic.

          • WJasper

            Nothing Tribal here, except to reiterate the correct narrative!

      • Darcy

        Thing is she’s Nupe self.

        LOL! Nah minority she be.

      • abodes_124

        Sadly that is the case and Buhari is to blame. i hope this young lady has the self confidence to tackle her job well and prove doubters of her ability wrong.