Buhari appoints CBN Deputy Governor as new AMCON Chairman

Buhari appoints CBN Deputy Governor as new AMCON Chairman

Edward Adamu, deputy governor for corporate services at the Central Bank of Nigeria (CBN), has been appointed as the chairman of the Asset Management Corporation of Nigeria (AMCON).

The appointment which was made by President Muhammadu Buhari was announced in a letter sent to the senate by the president on Tuesday, December 10th.

The amended AMCON act that Buhari signed into law in August states that chairman of the corporation must be a CBN deputy governor.

The letter dated December 9 reads: “In accordance with Section 10(1) of the Asset Management Corporation of Nigeria (AMCON) Act, 2010, I hereby present Mr. Edward Lametek Adamu for confirmation as Chairman of the Asset Management Corporation of Nigeria by the Distinguished Senate.

“While hoping that this request will receive the usual expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration.”

Edward replaces Muiz Banire as head of the corporation.

Banire was appointed in July 2018.