Business
New CBN Nominee Faces Senate’s Embargo
Edward Lamatek Adamu, Director of Human Resources, whose elevation as a Deputy Governor of the Central Bank of Nigeria (CBN) was announced last Monday, faces uncertain weeks or months to get cleared by the Nigerian Senate.
He joins 41 year-old Aisha Ahmad, who was named last year by President Muhammadu Buhari. She is yet to be screened, more than three months after, as the Senate embargo on clearance of nominees has not been reversed.
Others caught in the standoff are four members of Nigeria’s Monetary Policy Committee. They were also named last year, but are yet to be approved by the lawmakers.The nominees are: Adeola Adenikinju, Aliyu Sanusi; Robert Asogwa and Asheikh Maidugu.
The Senate suspended consideration of President Buhari’s nominees since March last year, following a resolution. It took the decision after President Buhari declined to drop Ibrahim Magu as chairman of the Economic and Financial Crimes Commission (EFCC), after his confirmation was rejected twice.
The immediate victims of the decision were the 27 Independent National Electoral Commission, INEC’s Resident Electoral Commissioners, nominated by the President.
The embargo remains in place, Senate President Bukola Saraki restated last week.
Senate spokesman, Sabi Abdullahi also restated it today, in the wake of the release of the judgment by a Federal High Court in Abuja, validating Senate right to reject Magu for the job.
The new CBN deputy governor nominee was appointed in accordance with the provisions of Section 8(1) (2) of the Central Bank of Nigeria (CBN) (Establishment) Act 2007, according to the letter dated January 26, 2018 sent to the Senate President.
Adamu, from Gombe State, replaces Mr. Sulaiman Barau, from Zaria, Kaduna State, who retired in December, 2017.
The nominee, who has spent 25 years in the CBN, was appointed in 2012 as Director of Strategy.
He became Director, Human Resources in 2016, from where he was nominated as Deputy Governor.
The CBN, according to its organogram has positions for four deputy governors: corporate services, economic policy, financial system stability and operations
In place now are Adebayo Adelabu, who was appointed in 2014 as deputy governor operations and Dr. Okwu Joseph Nnanna, appointed in March 2015 for financial system stability.
Aisha Ahmad was appointed by Buhari, CBN deputy governor in October 2017, she is still awaiting senate clearance and her portfolio was not stated, just like Adamu’s.
Born October 26, 1977, Mrs. Ahmad, an indigene of Niger State, was, prior to her appointment, the Executive Director (Retail Banking) at Diamond Bank Plc.
Business
Kenyan Runners Dominate Berlin Marathons
Kenya made it a clean sweep at the Berlin Marathon with Sabastian Sawe winning the men’s race and Rosemary Wanjiru triumphing in the women’s.
Sawe finished in two hours, two minutes and 16 seconds to make it three wins in his first three marathons.
The 30-year-old, who was victorious at this year’s London Marathon, set a sizzling pace as he left the field behind and ran much of the race surrounded only by his pacesetters.
Japan’s Akasaki Akira came second after a powerful latter half of the race, finishing almost four minutes behind Sawe, while Ethiopia’s Chimdessa Debele followed in third.
“I did my best and I am happy for this performance,” said Sawe.
“I am so happy for this year. I felt well but you cannot change the weather. Next year will be better.”
Sawe had Kelvin Kiptum’s 2023 world record of 2:00:35 in his sights when he reached halfway in 1:00:12, but faded towards the end.
In the women’s race, Wanjiru sped away from the lead pack after 25 kilometers before finishing in 2:21:05.
Ethiopia’s Dera Dida followed three seconds behind Wanjiru, with Azmera Gebru, also of Ethiopia, coming third in 2:21:29.
Wanjiru’s time was 12 minutes slower than compatriot Ruth Chepng’etich’s world record of 2:09:56, which she set in Chicago in 2024.
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