Tinubu Nominates Bala Bello as AMCON Chairman President Bola Tinubu has asked the senate to corroborate Bala Bello as chairman of the Asset Management Corporation of Nigeria (AMCON).
The request was addressed in a letter to Senate President Godswill Akpabio and read on Wednesday.
Tinubu further nominated five individuals to the AMCON board.
In the letter, Tinubu reported the nominations were in consistency with Section 10, Subsection 1 of the AMCON Establishment Act, 2019 (as amended).
The nominees contain Yusuf Tegina, non-executive director for north-central; Adeyemo Adeoye, non-executive director for south-west; Charles Odion Iyiore, non-executive director, south-south; Yahaya Ibrahim, non-executive director, north-west; and Emily Osuji, non-executive director for the south-east.
A year ago, Tinubu sacked Ahmed Kuru, the managing director (MD) and chief executive officer (CEO) of AMCON.
He appointed Gbenga Alade as his replacement.
Kuru was foremost appointed AMCON MD by former president Muhammadu Buhari in August 2015.
After concluding his foremost term of five years, Kuru was reappointed in December 2020, none the less he was sacked before the second tenure terminated.
He is currently facing a court trial, alongside four others, over an allegation of defrauding Arik Air (currently in receivership) of N76 billion and $31.5 million.
Kuru and the other defendants have pleaded not guilty to the six-count bill bordering on theft of properties belonging to Arik Air and abuse of office.
Category: World-News
Tag: Tinubu Nominates Bala Bello as AMCON Chairman
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Published 3/20/2025