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Buhari names Aisha Ahmad new CBN deputy governor


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President Muhammadu Buhari has appointed Mrs. Aishah Ahmad, as Deputy Governor of the Central Bank of Nigeria.

According to a statement on Thursday by his Special Adviser on Media and Publicity, Mr. Femi Adesina, the President had presented Ahmad to the Senate for confirmation.

Adesina said the woman would replace a former Deputy Governor, who retired early this year.
“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,” the statement read.

The presidential spokesman added that Buhari had written the Senate, seeking the confirmation of appointment of members of the Monetary Policy Committee of the CBN.

He said the appointees were to replace four members, whose tenure expires at the end of this year.

“The nominees are: Prof. Adeola Festus Adenikinju; Dr. Aliyu Rafindadi Sanusi; Dr. Robert Chikwendu Asogwa and Dr.Asheikh A. Maidugu.

“After Senate clearance, the new members of the Monetary Policy Committee are to resume duties next January,” the statement added.

A banker and investment adviser, Ahmad has over 20 years certified experience with global financial institutions such as Stanbic IBTC Bank, Zenith Bank PLC and Bank of New York Mellon among others.

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Aishah Ahmad, the Central Bank of Nigeria (CBN) deputy governor nominee, is so young you would have to conclude she is the youngest person to be appointed to that position — and she is so experienced you cannot but admire her resume.

In the last 20 years, she has been a banking executive and an investment adviser across retail banking, wealth management, consulting and financial advisory.

Until now the executive director (retail banking) at Diamond Bank Plc, 40-year-old Ahmad (she will be 41 on October 26) comes to the CBN job with a rich history of promoting the role of women in the society, even though she will be the first to tell you that she has never been that conscious of the glass ceiling for the female gender.

She is the chairperson of the executive council of Women in Management, Business and Public Service (WIMBIZ), a Nigerian non-profit organisation founded in 2001 by 13 women and one man who identified a serious issue concerning women in the workplace and in business, particularly in the areas of leadership capacity building and avenues for networking for growth.

TheCable understands that she is a like-for-like replacement for Sarah Alade, PhD, who retired from CBN as deputy governor in March 2017. Alade is from the north-central (Kwara), same zone as Ahmad who hails from Niger state.

AHMAD SHARES BIRTHDAY WITH HILLARY CLINTON — WHO INSPIRES HER

Asked by a newspaper in 2016 on the women who inspired her, she named quite a few but pointed out Hillary Clinton, the former US first lady who made an unsuccessful bid to become US president in 2016.

She said: “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.”

The mother of two teenage sons also celebrated the founding trustees of WIMBIZ who have “also been a positive influence in their many accomplishments across private and public sector”.

At every turn, she said, they have distinguished themselves as women of repute and deep impact including founding WIMBIZ “as their contribution to advancing the cause of women everywhere”.

A RICH RESUME

Ahmad, whose husband is Abdallah A. Ahmad, a retired brigadier-general, has worked at local and global institutions, including NAL Bank Plc, Stanbic IBTC Bank Plc (a member of Standard Bank Group) and Zenith Bank Plc.

She is currently responsible for the  consumer banking division at Diamond Bank  Plc comprising consumer banking group, privilege banking group, retail assets group and bancassurance. She was accountable for a customer base of over seven million, according to checks by TheCable.

Ahmad is a member of the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) Associations – globally recognised programmes for investment analysts and portfolio managers.

She holds an MSc in finance and management from the Cranfield School of Management in the UK, an MBA with a specialisation in finance from the University of Lagos and a graduate degree in accounting from the University of Abuja.

FROM A FAMILY OF ‘ACCOMPLISHED WOMEN’

She comes from a long line of very accomplished women within her family who have distinguished themselves across sectors – medicine, pharmacy, accounting and business.

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Is she capable? That's what we should be focused on because I can't see anything in her profile that exactly stands her out amongst her peers in the industry. 

I wonder why this government prefers to rubbish hard work. Many people have been working in CBN, rising through the ranks expecting to become deputy and Governor before their 35years of acting service, with more experience of how the system works, then you bring a GM from diamond bank whom staff of CBN have been overseeing to become their head. This would only create bad blood in any system and it negates  the principles of hard work and fair ness.

Sarah alade rose through ranks in CBN from I think 1994 or there about, such positions at CBN shouldn't be about politics or favoritism. Its a very sensitive position for crying out loud,that can make or mar a whole Nation's financial system. How would it have been if the chief of army staff,was appointed from let's say halogen security or any other security outfit?

Would it have made sense if a DIG of police was appointed from civil defence? Don't get me wrong here, but there are many people more qualified in the CBN fold who'd do better job than her.  Appointment such as this need to be queried by independent Senate body if there was anything like that.

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Responsible for a customer base of over 7 million like she doesn't have marketers that sell their souls to get those customers. Puh!

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18 hours ago, scarlet said:

Is she capable? That's what we should be focused on because I can't see anything in her profile that exactly stands her out amongst her peers in the industry. 

I wonder why this government prefers to rubbish hard work. Many people have been working in CBN, rising through the ranks expecting to become deputy and Governor before their 35years of acting service, with more experience of how the system works, then you bring a GM from diamond bank whom staff of CBN have been overseeing to become their head. This would only create bad blood in any system and it negates  the principles of hard work and fair ness.

Sarah alade rose through ranks in CBN from I think 1994 or there about, such positions at CBN shouldn't be about politics or favoritism. Its a very sensitive position for crying out loud,that can make or mar a whole Nation's financial system. How would it have been if the chief of army staff,was appointed from let's say halogen security or any other security outfit?

Would it have made sense if a DIG of police was appointed from civil defence? Don't get me wrong here, but there are many people more qualified in the CBN fold who'd do better job than her.  Appointment such as this need to be queried by independent Senate body if there was anything like that.

You've raised a valid point really. Political appointments are what they are. But then the oversight function of CBN doesn't automatically made their staffs more experience than those at the commercial sector whom activities they are overseeing.  

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On 10/6/2017 at 7:04 AM, scarlet said:

Is she capable? That's what we should be focused on because I can't see anything in her profile that exactly stands her out amongst her peers in the industry. 

I wonder why this government prefers to rubbish hard work. Many people have been working in CBN, rising through the ranks expecting to become deputy and Governor before their 35years of acting service, with more experience of how the system works, then you bring a GM from diamond bank whom staff of CBN have been overseeing to become their head. This would only create bad blood in any system and it negates  the principles of hard work and fair ness.

Sarah alade rose through ranks in CBN from I think 1994 or there about, such positions at CBN shouldn't be about politics or favoritism. Its a very sensitive position for crying out loud,that can make or mar a whole Nation's financial system. How would it have been if the chief of army staff,was appointed from let's say halogen security or any other security outfit?

Would it have made sense if a DIG of police was appointed from civil defence? Don't get me wrong here, but there are many people more qualified in the CBN fold who'd do better job than her.  Appointment such as this need to be queried by independent Senate body if there was anything like that.

I agree with you @scarlet. Aisha has an impressive resume, but I think there are more qualified women in the banking sector. Again, if you look at Buhari’s appointments, it makes sense.  

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On 10/6/2017 at 10:15 AM, Chrmd said:

women in nigeria are slowly getting to the spot they ought to be👊👊👊

One step foward, three, backwards

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