Buhari Reappoints Kuru as AMCON MD

16th December 2020

President Muhammadu Buhari yesterday renewed the appointment of Mr. Ahmed Kuru as the Managing Director of Asset Management Corporation of Nigeria (AMCON).

He also reappointed Mr. Eberechukwu Uneze and Mr. Aminu Ismail as executive directors of the corporation for a final term of five years.

Buhari also appointed Mr. Bello Hassan and Mr. Mustapha Ibrahim as the Managing Director and Executive Director of the Nigeria Deposit Insurance Corporation (NDIC).

While Hassan will succeed Mr. Umaru Ibrahim, Ibrahim will succeed Mr. Aghatise Erediuwa whose second terms will end on December 8, 2020, as Managing Director and Executive Director (Operations) respectively.

A statement by a presidential spokesman, Malam Garba Shehu, said the president, in separate letters to the President of the Senate, Dr. Ahmad Lawan, asked the Senate to confirm the nominations.

According to Shehu, while AMCON nominations were made in line with Section 10(1) of the AMCON Act 2010, those of NDIC were made in compliance with Sections 5(4) and 8(3) of the NDIC Act 2010.

He also said the nominations of Hon. Omolola Abiola-Edewor as Executive Director (Corporate Services) in the NDIC remains valid until her second and final term ends on January 24, 2022.