Buhari appoints Edward Adamu, CBN deputy gov, as AMCON chairman


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

This 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.”

Edward replaces Muiz Banire as head of the corporation.

Banire was appointed in July 2018.

The amended AMCON act that Buhari signed into law in August stated that chairman of the corporation must be from the CBN.

The law says the apex bank shall nominate one of its deputy governors for the position.


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