Amcon new board chairman

You're referring to the appointment of a new Board Chairman for AMCON (Asset Management Corporation of Nigeria).

According to recent reports, Ahmed Lawan Kuru has been reappointed as the Managing Director/Chief Executive Officer of AMCON, while Muiz Banire has been appointed as the new Chairman of the Corporation.

Muiz Banire is a renowned lawyer and a former Chairman of the Economic and Financial Crimes Commission (EFCC). His appointment as the Chairman of AMCON is seen as a strategic move to strengthen the Corporation's efforts in recovering non-performing loans (NPLs) and revitalizing the Nigerian banking sector.

Under Kuru's leadership, AMCON has made significant progress in recovering NPLs and repositioning the Corporation for greater efficiency and effectiveness. With Banire's appointment as Chairman, it is expected that AMCON will continue to play a crucial role in stabilizing the Nigerian banking sector and promoting economic growth.

Would you like to know more about AMCON's mandate, functions, or its efforts in recovering NPLs?