President Buhari appoints new CBN Deputy Governor

President Muhammadu Buhari has tapped Mr. Edward Lametek Adamu, a Christian from Gombe State, as the new deputy governor of the Central Bank of Nigeria (CBN) to replace Mr. Suleiman Barau who retired last month.

Adamu, who was once the Director in charge of the Strategy Management Department of the CBN, is currently the Director of Human Resources with the Bank, a position he has held since 2016.

It was gathered that the deputy governor nominee has more than 25 years experience working with the central bank, which has seen him serving in almost every aspect of its operations.

However, his nomination would be subject to the approval by the Senate.

Adamu, who is 57 years, hails from Kaltungo Local Government Area in Gombe State.

He holds a Quantity Surveying degree from the Ahmadu Bello University (ABU), Zaria, and is a Fellow of the Nigerian Institute of Quantity Surveyors.

He also holds postgraduate professional certifications in corporate strategy development and execution, performance management, programme & project management and knowledge management.

Adamu is a fellow of the Institute of Credit Administration of Nigeria and has acquired skill-sets in strategic leadership, central banking, finance, human resources, organisational transformation, risk management, budgeting and cost management, construction management, records management, communications and relationship management, coaching and mentoring and procurement through a variety of Wharton School USA, INSEAD France, Chicago Booth & IMD Switzerland courses and practical experience.

He is also a frequent presenter at professional conferences, seminars and symposia, especially in the areas of leadership, human capital management, project management, construction, strategy and risk management.

Adamu is in addition an active member of other professional bodies such as the the Project Management Institute, USA; International Knowledge Management Institute, USA; International Society for Performance Improvement, USA; and the Association of Project Managers, UK.

In 2012, he was appointed Director of the Strategy Management Department of the CBN in recognition of his depth of operational knowledge of the Bank’s mandate and core responsibilities as well as the breadth of CBN’s strategy implementation experience.

In that role, he was said to have demonstrated an ability to quickly identify and proffer realistic and workable solutions to complex and competing demands of the various sections of the Bank.

In addition, the deputy governor nominee was responsible for working with the CBN board in ensuring that the Bank had a clearly articulated strategy that would ensure the delivery of its mandate, organisational 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 organisation.

To effectively undertake the responsibility, he worked with Messrs Palladium Consultants in developing the first Strategy Execution Framework in the Bank in 2012.

Also, he was responsible for the organisational transformation programme of the Bank.

As the Director of Strategy, he was also 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) meetings.

In 2016, Adamu was appointed Director, Human Resources Department of the Bank to give effect to the human resources transformation programme initiated during his role as Director, Strategy Management.

Until his nomination as deputy governor, he was tasked with developing the human capital assets of the central bank to be more innovative in dealing with current challenges, and becoming quickly adaptive to future changing needs.

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