Mr. Muhammed Aminu Ahmed joined the services of the Nigeria Deposit Insurance Corporation (NDIC) on May 8, 1992. He graduated from the Ahmadu Bello University, Zaria in 1979 with a B Sc. Economics and obtained a Master of Bus. Administration from the same University in 1990. Prior to joining the Corporation, he worked as a marketing staff in the Union Bank of Nigeria, Nigeria National Petroleum Corporation and Philip Morris Nigeria Limited.
He began his career in the NDIC as a Bank Examiner and conducted Special, Target and Routine Examination on Commercial and Merchant banks of different sizes and complexities and of varying degrees financial and governance challenges, proffering appropriate recommendations for the their restoration to solvency and profitability. In 1995, he was appointed by the Central Bank of Nigeria (CBN) to the Interim Management Team of the defunct Commercial Trust Bank Limited in the capacity of an Executive Director as a distress resolution measure. He carried out aggressive loan recovery; safeguarding and protection of the financial and physical assets of the bank; judicious management of its depositors; and streamlined and restructured the bank’s operations.
In 2005, he headed the Joint CBN/NDIC Special Investigation on Citizens Bank Int’l Ltd which resulted in the removal of the entire Board of the bank as a befitting supervisory action to contain the reckless and abusive behavior of its owners cum managers. Within the period, he also coordinated CBN/NDIC Special Examinations of 18 banks to determine their ability to raise the minimum required capital of N25 billion by 31st December, 2005. In addition, he undertook a study visit to the Korea Asset Management Corporation (KAMCO) in October 2005 to acquire requisite knowledge on the role of the Corporation in resolving troubled bank assets as a result of the anticipated revocation of bank licenses who failed to recapitalize by 31st December, 2005.
He was promoted to the position of Director as at January 1, 2010 and assumed duty in Claims Resolution Department of the Corporation whose mandate is the restitution of depositors, creditors and shareholders of closed banks. Finally, he was redeployed to the Human Resource Department of the Corporation on 15th October 2012 from where he retired with effect from May 15, 2019.
On record, Mr. Ahmed attended several courses, workshops and conferences in some of the most elite institutions locally and globally with some notable examples listed below:
Mr. Ahmed had been a dedicated and committed staff of the Corporation and had once headed its Training School from May 2008 to December 2009, and continued to facilitate in its in-house training programs. Also, at various times, he had lectured in training programs of the CBN, Financial Institutions Training Center, WAIFEM and IADI.