Senate Confirms Bala Bello as AMCON Chairman

By Charles Maduka

The Nigerian Senate has confirmed the nomination of Bala Bello as the part-time chairman of the Asset Management Corporation of Nigeria (AMCON).

The confirmation took place on Wednesday after the report of the Committee on Banking, Insurance, and Other Financial Institutions was presented and adopted. Along with Bala Bello, five other nominees were confirmed as non-executive directors of AMCON. The confirmed directors represent different regions, including Yusuf Sule for North Central, Adeyemo Stephen for South-West, Yahaya Ibrahim for North-West, Odion Iyare for South-South, and Emily Osuji for South-East.

Osita Izunaso, on behalf of the committee chairman, presented the report, stating that the nominees were thoroughly vetted and their qualifications met the necessary standards. There were no objections to their appointments, and security agencies, including the police and State Security Services, had cleared them.

Senate President Godswill Akpabio expressed his gratitude to the committee for their efforts in screening the nominees. He expressed confidence that the new AMCON managers would bring fresh energy to the corporation’s operations.

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