President Muhammadu Buhari on Tuesday replaced Muiz Banire as the head of the Asset Management Corporation of Nigeria (AMCON).
This replacement was contained in a letter forwarded to Nigerian Senate on Tuesday.
In the letter, the President named Edward Adamu as the new chairman.
Banire was appointed chairman of AMCON by President Buhari in July 2018 and confirmed by the Senate in October 2018.
Banire’s replacement is believed to be connected to the amended AMCON Act.
Recall that the Senate had in August passed a bill that seeks to amend the AMCON Act.
President Muhammadu Buhari signed the bill into law on 7th August 2019.
The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.”
The AMCON Act also amended the 2010 establishment Act by increasing the powers of the Corporation to recover debts owed to legacy banks.
Register, Attend and Pass At Once in 2020 Jamb- UTME - Call 08038644328
Admission into Obafemi Awolowo University is made easy at Akahi Tutors, Ile-Ife. Click Here For Details.
Practice FREE School of Nursing Past Questions for ALL Schools Here!
2020 Jamb UTME Form will be on sale from 10th January, 2020 at Akahi Tutors, Ile-Ife.
Akahi Tutors provides Decent Hostel Accommodation for Students coming from Lagos, Cross River, Abuja etc. Just dial - 08038644328
Categories: Latest News