Buhari Appoints Edward Adamu As AMCON Chairman

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President Muhammadu Buhari has appointed Mr Edward Adamu, who is a deputy governor of the Central Bank of Nigeria (CBN),  as Chairman of the Asset Management Corporation of Nigeria (AMCON) few hours after the appointment of Muhammad Nami as the new Executive Chairman of the FIRS.

The appointment was contained in a letter forwarded to the Senate and read by the Senate President, Ahmed Lawan, during Tuesday’s plenary.

In 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.”

The amended AMCON act that Buhari signed into law in August states that chairman of the corporation must be a CBN deputy governor.

Mr Edward Adamu was appointed as the CBN Director of Strategy Management Department in 2012, after a rigorous selection process. Four years later, he was deployed to the Human Resources Department of the bank as a director, a position he held until his appointment as CBN deputy governor on March 23, 2018.

According to President Buhari, the request is pursuant to Section 3(2) of the Federal Inland Revenue Service (Establishment) Act, 2007.