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UPDATE: Buhari sacks Banire, names Adamu as new AMCON chairman


President Muhammadu Buhari has terminated appointment of Muiz Banire as Chairman of Assest Management Company of Nigeria (AMCON).

President Buhari replaced Muiz Banire with Edward Lametek Adamu as new chairman of the Corporation.

This is contained in a letter read on the floor of the Senate by Senate President, Senator Ahmad Lawan.

Quick Bio of Edward Lametek Adamu

Until his latest appointment, Edward Lametek Adamu is a Nigerian quantity surveyor, business consultant and leadership strategist.

He is the Deputy Governor of the Central Bank of Nigeria, the country’s central bank.

He was nominated to that position by President Buhari on 1 February 2018, to replace Suleiman Barau, who retired in December 2017.

He was unanimously confirmed by the Nigerian Senate on 22 March 2018.

Immediately prior to his appointment to his current position, he served as the Director of Human Resources at the Nigerian central bank, since 2016.

Background and education

Edward Adamu was born on 22 June 1959 in Kaltungo, Gombe State, in the northeastern part of Nigeria.

He studied at the Ahmadu Bello University, in Zaria, graduating with a Bachelor of Science in Quantity Surveying.

He also holds postgraduate professional qualifications from other institutions of higher learning, including the Institute of Credit Administration of Nigeria, the Wharton School, INSEAD, Booth School of Business and IMD Switzerland.

He is also a fellow of the Nigerian Institute of Quantity Surveyors.[3]

Work History

Adamu was first employed at the Central Bank of Nigeria (CBN), in 1992. In 2012, he was appointed Director of the Strategy Management Department at the central bank.

During the intervening years, he served in many roles and in many departments at CBN, including Knowledge Management, Records Management, Strategic Alliance and Price Intelligence.

He also served as the head of the Projects Planning & Implementation Division.

In 2016, Adamu was appointed Director of Human Resources at CBN, a position he occupied prior to his appointment as CBN Deputy Governor.

He is a married father of four children (two boys and two girls).

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