Deputy CBN Governor, Adamu replaces Banire as AMCON Chairman

Following the sack of Asset Management Corporation of Nigeria (AMCON) Chairman, Muiz Banire, President Muhammad Buhari has appointed the Deputy Governor, Central Bank of Nigeria (CBN), Mr Edward Lametek Adamu as the new corporation boss.

Banire, who was appointed as AMCON Chairman in 2018, kicked out yesterday.

This development was contained in a letter sent to the senate by the president on Tuesday.

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.”