Buhari sacks Banire as AMCON chairman, names replacement
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President Muhammadu Buhari has replaced Muiz Banire as the head of the Asset Management Corporation of Nigeria (AMCON).
The president indicated this in a letter to the Nigerian Senate on Tuesday.
In the letter, the president named Edward Adamu as the new chairman of the country’s bad debt management office.
He asked the Senate to confirm Mr Adamu’s nomination.
Possible reason
Although the presidency did not give a reason for Mr Banire’s removal in the letter, it is believed to be related to the amended AMCON Act.
The Senate had in August passed a bill that seeks to amend the AMCON Act.
The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.’’
The development comes a day after the president replaced Tunde Fowler as the head of the Federal Inland Revenue Service, despite an appeal from Mr Fowler to be retained for a second term.
President Muhammadu Buhari has replaced Muiz Banire as the head of the Asset Management Corporation of Nigeria (AMCON).
The president indicated this in a letter to the Nigerian Senate on Tuesday.
In the letter, the president named Edward Adamu as the new chairman of the country’s bad debt management office.
He asked the Senate to confirm Mr Adamu’s nomination.
Possible reason
Although the presidency did not give a reason for Mr Banire’s removal in the letter, it is believed to be related to the amended AMCON Act.
The Senate had in August passed a bill that seeks to amend the AMCON Act.
The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.’’
The development comes a day after the president replaced Tunde Fowler as the head of the Federal Inland Revenue Service, despite an appeal from Mr Fowler to be retained for a second term.