The Senate has confirmed the appointment of Lamido Yuguda as Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON), following his nomination by President Bola Ahmed Tinubu. The confirmation came after the Senate adopted the report of its Committee on Banking, Insurance and Other Financial Institutions, presented by the committee’s chairman, Senator Adetokunbo Abiru,…
The Senate Committee on Banking, Insurance and Other Financial Institutions has cleared the nomination of Lamido Yuguda as Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON). During Tuesday’s screening, the committee invoked the Senate’s tradition of allowing previously screened nominees to “take a bow and go,” citing Yuguda’s earlier confirmations for…
The Federal Government has inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria (AMCON), tasking them with enhancing asset recovery efforts and initiating a credible, time-bound process to wind down the Corporation’s operations. In a statement released on Thursday by Mr. Mohammed Manga, Director of Information and Public Relations at the…
The Economic and Financial Crimes Commission (EFCC) has arraigned a former Managing Director of Assets Management Corporation of Nigeria (AMCON) Ahmed Kuru and four others for allegedly defrauding Arik Airline of N76 billion and another $31.5 million. The other four defendants are a former Receiver Manager of Arik Airline Ltd, Kamilu Omokide (who is listed…
