Senate confirms Alade as AMCON MD, three others as EDs

The Nigerian Senate has accepted four persons nominated by the President Bola Tinubu as Managing Director and Executive Directors of Asset Management Company of Nigeria (AMCON).

One of the nominees was the former Managing Director of Guarantee Trust Bank (UK) Gbenga Alade, who comes in as Managing Director/Chief Executive Officer.

The Executive Directors are Mr Adeshola Lamidi, Mr Lucky Adaghe and Dr Aminu Mukhtar Dan’amu.

The Head, Corporate Communications Department of AMCON, Jude Nwauzor stated that the confirmation on March 20, 2024 came after the screening exercise by the Senate Committee on Banking, Insurance, and other Financial Institutions, chaired by Senator Tokunbo Abiru.

According to Abiru, the nominees were screened in line with parliamentary rules and found competent to serve as Directors.

He added that they have ‘on the job’ experience, just as the nominees also complied with the Code of Conduct rules.

Abiru continued that no petition was raised against their nomination.

The plenary was presided by the Deputy Senate President, Jibrin Barau, and each nominee was screened based on their merit, and were confirmed through a voice vote.

BEB