Meet CBN’s New Deputy Governor, Aishah Ahmad–

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Aishah-Ahmad.

Vincent Obia profiles the new deputy governor nominee for the Central Bank of Nigeria

The new Central Bank of Nigeria Deputy Governor nominee, Aishah Ahmad, is young for the post by today’s standards. In a country where the commanding heights of politics and the economy seem to be the exclusive preserve of a gerontocracy based on old-time connections, the appointment of 39-year-old Ahmad really ushers in change.

The Niger-born mother of two comes to her job with a rich banking background, spanning experiences in investment banking, retail banking, wealth management, consulting, and financial advisory.

Born October 26, 1977, Ahmad, the wife of Abdallah Ahmad, a retired Brigadier-general, was until her appointment Head, Consumer Banking and Privilege (Wealth) at Diamond Bank Plc, a post she has held since June 2014. She has since November 2015 been the chairperson, Executive Council, Women in Management, Business and Public Service, a Nigeria-based non-profit organisation established in 2001. WIMBIZ is dedicated to addressing issues affecting women professionals in business, particularly with regard to the promotion of leadership development and capacity building. It was founded by 13 women and one man who sought to resolve issues concerning women in the workplace and in business.

A graduate of Accounting from the University of Abuja, Ahmad had worked with NAL Bank Plc, Stanbic IBTC Bank Plc, and Zenith Bank Plc. She was Head, Private Clients/Private Banking, Stanbic IBTC; Head of Business Development, Zenith Capital Limited; Head, Retail Banking (Energy Group), Zenith Bank Plc; Private Banker/Head Private Banking Unit, NAL Bank Plc; and Chief Financial Officer, Manstructs Group.

She holds a Master of Science degree in Finance and Management from the Cranfield School of Management in the United Kingdom, and a Master of Business Administration with specialisation in Finance from the University of Lagos. She also holds the award of Chartered Financial Analyst, a gold standard financial market qualification for professionals with careers/trainings as investment managers, financial analysts, credit analysts, portfolio managers. Ahmad also has the Chartered Alternative Investment Analyst award.

Ahmad, who started her banking career with First Interstate Bank Plc as Executive Assistant, Treasury Group, has also worked with Bank of New York Mellon (UK) and Synesix Financial Limited (UK). She was in May appointed as member, Board Of Directors, SOS Children’s Villages Nigeria, an organisation dedicated to providing “quality care, education & health services to at-risk children and families in 135 countries and territories.”

She served as a member of the steering committee for Cherie Blair Foundation’s Technology for Growth project, a learning programme for female entrepreneurs developed in conjunction with the Enterprise Development Centre of Lagos Business School.

President Muhammadu Buhari on Thursday transmitted a letter to the Senate announcing Ahmad’s appointment, according to a statement by the president’s special adviser on media and publicity, Femi Adesina. The statement said, “In accordance with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (Establishment) Act 2007, President Buhari urged the Senate President, Dr Bukola Saraki, to consider the expeditious confirmation of Mrs Ahmad, who would then resume work immediately.”

If confirmed by the Senate, Ahmad, a would-be lone female in the committee of CBN deputy governors, would be replacing Kwara-born Dr. Sarah Alade, herself also an only woman deputy governor until she retired from the apex bank on March 22 as Deputy Governor, Economic Policy Directorate. Both are from the North-central geopolitical zone.

Ahmad says she has been inspired by a generation of successful women leaders, like former United States First Lady and ex-presidential candidate Hilary Clinton. The new CBN deputy governor nominee is quoted as saying last year, “Hillary Clinton, who happens to be my ‘birthday mate’, has been a strong influencer over the years. I admire her ability to stay focused on making an impact and my admiration for her has only been validated by her recent nomination as the US Democratic presidential candidate.”

She has also been quoted as saying, “I was lucky to have very early positive and visible role models of women working outside the home and making a big difference in their careers. One of my grandmothers created a distinguished career in the nursing field, being one of the early recipients of an international education, and I have many aunties who are doing great things in their various businesses and careers.

“I must credit my mother for inspiring my strong work ethic. She’s been successful at diverse careers in pharmacology, accounting and as a business woman, including managing a family.”

  • Olubode Samuel

    Congrats to her!!! I’m very happy for her.

  • Mark Daniels

    What is her Jamb score average at best.

  • Mark Daniels

    Her CV is weak and she is does not have the experience to justify this selection but like university Jamb scores the bar for excellence is much lower if you are fulani. We have southerners from top 10 business schools in the world with demonstrated track records of excellence. We will continue to excell one day thier celebration of medriocrity will catch op to them.

  • Moon

    She needs to provide her two masters to the Senate confirmation committee screening direct from the schools claim to be attended and also her transcripts.

  • Moon

    “She holds a Master of Science degree in Finance and Management from the Cranfield School of Management in the United Kingdom, and a Master of Business Administration with specialisation in Finance from the University of Lagos”.

    I can’t understand why repeating Master’s Finance and Business Management in University of Lagos. To my understanding, Finance and Business Management and Finance and Business Administration are the same degree any anywhere in the world. Something is not right in her claim.

    • Zico

      That is what you think. There is a difference between MSC Finance and Management and MBA with bias for Finance. Get more education pls and stop talking about what you don’t know.

      • Moon

        She didn’t say MBA, but if so, let me enlighten you a little bit:

        A Master of Finance Degree only takes a year to finish. Applicants have to complete an internship program and meet a few other basic requirements in order to qualify. Conversely, MBA applicants should have at least three years of work experience in a related field. The Master of Finance is more appealing to students who want to jump starts their careers in a relatively short period of time.

        MBA programs offer courses like economics, accounting, statistics, organizational processes and communications. Meanwhile, the Master of Finance puts emphasis on accounting and management.

  • EDDY

    FELLOW NIGERIANS, THIS THE CBN GOVERNOR IN WAITING, JUT WAIT UNTIL EMEFIELE’S TERM EXPIRES.

    • Binta Ibrahim

      Amen.

  • ademolaadebayo

    This is another example of the fulanisation of Nigeria by Buhari. May I ask that can Buhari not come up with someone with a better pedigree of qualifications? As a British born Nigerian, I struggle to find the location of the Cranfield School of Management in the United Kingdom. I pity Nigeria.

    • Sam

      Here we go again, instead of the youths to encourage the govt to keep up appointment of youths ,we are here talking about tribes? SMH

      • Moon

        “She holds a Master of Science degree in Finance and Management from the Cranfield School of Management in the United Kingdom, and a Master of Business Administration with specialisation in Finance from the University of Lagos”.
        I can’t understand why repeating Master’s Finance and Business Management in University of Lagos. To my understanding, Finance and Business Management and Finance and Business Administration are the same degree any anywhere in the world. Something is not right in her claim!

    • salele

      Just google it. And don’t be stupid.

      https://www.cranfield.ac.uk/som

      Wikipedia link – https://en.wikipedia.org/wiki/Cranfield_School_of_Management

      According to wikipedia…

      “Cranfield School of Management, established in 1967. it is one of the oldest business schools worldwide to hold triple EQUIS, AACSB and AMBA accreditation. It is part of Cranfield University, the UK’s only wholly postgraduate university specialising in science, technology, engineering and management.”

      • Moon

        “She holds a Master of Science degree in Finance and Management from the Cranfield School of Management in the United Kingdom, and a Master of Business Administration with specialisation in Finance from the University of Lagos”.
        I can’t understand why repeating Master’s Finance and Business Management in University of Lagos. To my understanding, Finance and Business Management and Finance and Business Administration are the same degree any anywhere in the world. Something is not right in her claim…

    • Jamo

      That’s your own cup of tea. Cranfield University is among the top 10 business schools in the UK.

    • Michael Kadiri SocioPolitical

      You struggle to find Cranfield School of Management in the UK? Really?
      Google is your friend oh.
      This institution is one of the best Management Universities in the UK and top 60/70 in the world and you struggle to find it!!

    • Zico

      Haba! Why would you say that about Cranfield School of Management?