Meet New AMCON Chairman: Things To Know About Edward Adamu

President Muhammadu Buhari on Tuesday December 10, 2019, announced the sack of Mr. Muiz Banire as Chairman of the Asset Management Corporation of Nigeria (AMCON), appointing Edward Adamu as replacement.

This comes barely 24 hours after the President, in a similar move, sacked Mr. Tunde Fowler as Chairman of the Federal Inland Revenue Service (FIRS), announcing one Muhammad Nami as successor.

While the renewable first tenure of Fowler expired on Monday, Banire was only appointed last year. Both men are from Southwest, and allies of Asiwaju Bola Ahmed Tinubu, national leader of the ruling party.

The move by President Buhari has been criticized by Nigerians, with many calling out the president for appointing yet another Northerners in his administration that is said to be renowned for lopsided appointments.

Here are few things to know about the new AMCON chairman, Adamu, a Deputy Governor of the Central Bank of Nigeria (CBN). 

1. Mr Edward Lametek Adamu was born on 22 June 1959 in Kaltungo Local Government Area of Gombe State.

2. He joined the Central Bank of Nigeria, CBN in June 1992.

3. Between 1992 and 2003, he served in several offices of the Engineering Services Department of the Bank 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.

He rose from the position of a Manager to an Assistant Director.

4. In 2008, he was seconded for two years to the Gombe State Government to set-up and run a strategic framework for best practices in procurement.

5. In 2010, he served as Programme Director (Head of the Projects Planning and Implementation Division) handling multi-dimensional large scale projects for the CBN.

6. He was appointed Director of the Strategy Management Department in 2012.

7. Together with Messrs Palladium Consultants, Adamu was part of the team that developed the first Strategy Execution Framework in the CBN in 2012.

8. In 2016, he was appointed Director, Human Resources Department of the Bank to give effect to the Human Resources Transformation program initiated during his role as Director Strategy Management Department.

9. He has Engineering degree (Quantity Surveying), Second Class Upper from the Faculty of Engineering at Ahmadu Bello University Zaria and is a Fellow of the Nigerian Institute of Quantity Surveyors.

10. Postgraduate Professional Certifications in Corporate Strategy Development and Execution, Performance Management, Programme & Project Management and Knowledge Management.

11. He is a Fellow of the Institute of Credit Administration of Nigeria.

12. He acquired skill-sets in Strategic Leadership, Central Banking, Finance, Human Resources, Organisational Transformation, Risk Management Budgeting & Cost Management, Construction Management, Records Management, Communications & Relationship Management, Coaching & Mentoring and Procurement through a variety of Wharton School USA, INSEAD France, Chicago Booth & IMD Switzerland courses and practical.