President Buhari appoints CBN Deputy Gov as AMCON chairman

President Muhammadu Buhari has appointed Edward Lametek Adamu as the new chairman of the Asset Management Corporation of Nigeria (AMCON). Adamu is said to replace former chairman, Muiz Banire who was appointed in July 2018.

The appointment was reportedly contained in a letter sent to the Senate by the President on Tuesday. The letter read thus; “In accordance with Section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act, 2010, I hereby present Mr Edward Lametek Adamu for confirmation as Chairman of the Asset Management Corporation of Nigeria by the Distinguished Senate.

“While hoping that this request will receive the usual expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration.”

Edward Adamu’s profile: The new AMCON chairman has a degree in quantity surveying from Ahmadu Bello University, Zaria. He is a fellow of the Nigerian Institute of Quantity Surveyors and has various professional certifications ranging from the Institute of Credit Administration of Nigeria, Wharton School, USA, INSEAD France, Chicago Booth and IMD Switzerland.

Adamu who was appointed as the CBN Deputy Governor in February 2018 first joined the CBN in June 1992 before he was later appointed as Director of the Strategic Management Department in 2012.

While he was the Director of strategy, he was responsible for the articulation of strategy to deliver the mandate of the bank. 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 MPC.

Prior to this, Adamu has served in several offices of the Engineering Services Department of the CBN 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.

In addition, he has worked on various capacities, as CBN’s Head of Business Support Division in charge of portfolio of teams and functions, including Knowledge Management, Records Management, Strategic Alliance and Price Intelligence. Also as Programmes Director (Head of the Projects Planning & Implementation Division) in charge of multi-dimensional large scale projects for the CBN.

In 2016, Mr. Adamu was appointed Director, Human Resources Department in charge of developing the human capital assets of the bank.

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.

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