The Federal Government has inaugurated the new Board of Directors of the Asset Management Corporation of Nigeria (AMCON),
The Finance Minister and Coordinating Minister of the Economy, Mr Wale Edun, inaugurated the Board in his office in Abuja during the weekend
He described AMCON’s new direction as critical to restoring investor confidence, unlocking value from non-performing assets, and supporting macroeconomic reforms that encourage private sector growth.
Minister Edun emphasised that in a fiscally constrained environment, efficient asset recovery and institutional accountability were key levers for ensuring the nation remains a competitive destination for capital
In his response, AMCON Managing Director/CEO, Mr Gbenga Alade, pledged the Board’s full commitment to delivering results and reaffirmed that the Corporation was never intended to be permanent.
The newly appointed Board, chaired by Dr Bala Bello, brings together seasoned professionals with a clear charge to improve corporate governance, accelerate the recovery of distressed assets, and design a credible, time-bound exit strategy in line with global best practices.
News Edited by Favour Owonibi