The Senate Wednesday confirmed the nomination of Mr. Bello Hassan as the new Managing Director/Chief Executive, Nigeria Deposit Insurance Corporation (NDIC).
BUSINESS/Focus
Typical of many government agencies, allegations of mismanagement and impropriety dogged the Assets Management Corporation of Nigeria’s previous management boards until the coming of President Muhammadu Buhari with his wide-reaching anti-corruption reforms. One of the earliest appointments he made was that of Ahmed Kuru as the Chief Executive Officer of AMCON. Almost six years after, and a few months into his second term, Kuru’s proficiency in fiscal management and boots-on-the-ground approach to debt recovery has helped in no little way to stabilise the Nigerian economy, writes Lanre Alfred
Unlike the middling marabou, the miracles of Malam Ahmed Kuru, the Managing Director/Chief Executive Officer of the Assets Management Corporation of Nigeria (AMCON), aren’t deceptive in nature rather; each one is an event that creates faith in his abilities as a fiscal guru and turn-around-manager. The AMCON boss is not just an administrative managing director but a seasone
AMCON releases Enugu female students after 6 days in detention
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By Chinedu Adonu – Enugu
Detained 344 Enugu students and staff of Providence High School on Tuesday regained freedom after six days of being held hostage by Assets Management Corporation of Nigeria, AMCON, who sealed the entrance gate to their school.
The padlock with which the school was locked had been removed when visited by Tuesday afternoon.
When contacted one of the staff who simply identified himself as, Mr George, said that the corporation came earlier in the morning, removed the padlock and left.
“They came around in the morning to remove the padlock on the gate. It is a gradual thing. We believe will get over the trauma caused by the corporation”, he said.
Ahmed Kuru
The CEO of Assets Management Corporation of Nigeria (AMCON), Ahmed Kuru, is adding a new varnish to the agency that is both brilliant and unprecedented. With this development in action, AMCON is better equipped to meet its vision of being a “key stabilising and re-vitalising tool in the Nigerian economy.”
AMCON is one of those agencies that hold no scare or value for the average Nigerian, especially those at the lower tiers of the economy. However, for those that interact (in the billions and hundreds of millions) with banks, AMCON is like a cranky and old schoolteacher that is quick with the whip and aiming for delicate parts. Thus, it is nothing of note to read about AMCON seizing one property or the other.