Exclusive: CBN Dep Gov: How Abba Kyari Plotted to Substitute Edward Adamu for Hassan Usman

By Eric Elezuo

In spite of President Muhammadu Buhari’s preference and committee’s recommendation of career banker, and Central Bank of Nigeria (CBN) preferred candidate, Mr. Edward Lamatek Adamu, to be appointed the substantive Deputy Governor of the Central Bank of Nigeria (CBN), information reaching TheBoss Newspapers revealed that plans were allegedly being concocted by some President’s men to substitute him with Katsina born former Aso Savings and Loans Managing Director, Usman Hassan.

Investigations carried out by TheBoss also revealed that the said plot was being hatched by the controversial Chief of Staff to the President, Abba Kyari.

Recall that President Buhari during the week approved the appointment of Mr. Adamu for the position of the Deputy Governor of the CBN following the retirement of Mr. Suleiman Barau. Adamu is a northern Christian from Gombe State.

But in a twist of situation, TheBoss was reliably informed that the President’s Chief of Staff, who has been accused of usurping the President’s powers at some time, allegedly sat on the approval, refusing to release it to the press, while plotting to replace Adamu with Hassan Usman, who is a northern Muslim from Katsina State – Kyari and Buhari’s home state.

Information gathered also said that instead of releasing the approval, Kyari facilitated another visit by Hassan Usman to President Buhari in a bid to actualize the switch of persons.

Meanwhile, staffers of the apex bank are said to be in high spirit as Adamu is announced because he was internally selected, proving that competence has been recognised among CBN workers. A cross section of CBN staff, who confided in TheBoss declared that any attempt to reverse the President’s decision will be met with stiff opposition.

It is believed that Adamu’s appointment, which is subject to Senate confirmation, is coming after growing criticisms over lopsided political appointments which favour mostly Muslims against Christians.

The Senate had held up the confirmation of another Deputy Governor, Aishah Ahmad, 40, the Board of the Bank, as well as all other appointees by Buhari following his refusal to remove Ibrahim Magu as Chairman of the EFCC, after his confirmation was turned down by the upper legislature.

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

He also has several postgraduate professional certifications from the Institute of Credit Administration of Nigeria, Wharton School USA, INSEAD France, Chicago Booth & IMD Switzerland.

He is an active member of several professional bodies including the Nigerian Institute of Quantity Surveyors; Project Management Institute, USA; International Knowledge Management Institute, USA; International Society for Performance Improvement, USA; and the Association of Project Managers, UK.

He joined the CBN in June 1992 and in 2012, was appointed Director of the Strategy Management Department where he was responsible for alongside the Board of the bank, ensuring that the “CBN has a clearly articulated strategy that would ensure the delivery of the Mandate of the Bank, organizational alignment and focus on strategy – from development to execution – by integrating Strategy-Focused concepts, principles, and best practices into the fabric, cadence, and processes of the organization.”

In 2016, he was appointed Director, Human Resources Department with the task of developing the Human Capital assets of the regulator.

Until his appointment, Adamu served as the Director of Human Resources at the Bank and was recommended for the top job by CBN Governor, Mr. Godwin Emefiele.

He has more than 25 years experience working with the central bank, which has seen him serving in almost every aspect of its operations.

Post Author: Eric Eric

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