Buhari Sacks Banire, Appoints Adamu As New AMCON Chairman

President Muhammadu Buhari has removed Mr. Muiz Banire as the Chairman of the Asset Management Corporation of Nigeria (AMCON) and appointed a deputy governor of the Central Bank of Nigeria (CBN), Mr Edward Adamu as his replacement.

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, President Buhari urged members of the Red Chamber of the National Assembly to confirm Adamu’s appointment.

It read, “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.”

Mr was appointed as CBN deputy governor on March 23, 2018, after working in the apex bank for 25 years before he retired.

He 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 retirement on February 14, 2018.