Buhari Fires AMCON MD Chike-Obi And Replaces Him With Ahmed Kuru

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Mustapha Chike-Obi , Managing Director of Asset Management Company of Nigeria, AMCON at #FBNCapital2012 (Photo Credit: Flickr)
Mustapha Chike-Obi , Managing Director of Asset Management Company of Nigeria, AMCON at #FBNCapital2012 (Photo Credit: Flickr)

President Muhammadu Buhari has appointed Group Managing Director of Enterprise Bank Plc, Mr. Ahmed Lawan Kuru as the new Managing Director of the Assets Management Corporation of Nigeria (AMCON), following the dissolution of executive management team.

A statement issued on Tuesday, August 18, 2015 by the President’s spokesman, Femi Adesina. Buhari also appointed three new executive directors for AMCON – Kola Ayeye, Eberechukwu Uneze and Aminu Ismail.

Adesina said the appointment of Ahmed Kuru and the three new AMCON Executive Directors takes immediate effect.

Until his appointment as Managing Director of AMCON, Mr. Ahmed Kuru was the Group Managing Director of Enterprise Bank Limited. He started his banking career with the old Habib Bank in 1985 and rose through the ranks to become an Executive Director of Bank PHB (now Keystone Bank) in 2005.

Chike-Obi was appointed MD of AMCON in 2010 for a renewable tenure of 5 years along with its three executive directors Mr Howett Adegboyega, Muhammed Abbass Jega and Mofoluko Benedicta and a non-executive director, Ms Eniya Ambakaderemor.

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