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Senate confirms Buhari’s nominee for NMDPRA, NDIC
Senate confirms Buhari’s nominee for NMDPRA, NDIC
The Senate on Wednesday confirmed the nominations of Ahmed Kuru and Bello Hassan as Managing Directors of the Asset Management Corporation of Nigerian and the Nigeria Deposit Insurance Corporation, respectively.
The confirmation of both nominees followed consideration of two separate reports of the Senate Committee on Banking, Insurance and Other Financial Institutions.
Also confirmed are Ebelechukwu Uneze and Aminu Ismail as Executive Directors of AMCON; and Muhammad Ibrahim as Executive Director of the Nigeria Deposit Insurance Corporation.
The Chairman of the Committee on Banking, Insurance and Other Financial Institutions, Uba Sani (APC – Kaduna Central), in his presentation, said Mr Kuru was confirmed as the Managing Director of the Asset Management Corporation of Nigeria in 2015, adding that “the Corporation saw tremendous and tangible transformation and performance in effectively discharging its mandate during his first tenure through the introduction of new policies and frameworks.”
“Strategically under his leadership, AMCON partnered with investors and operators for value-enhanced exit of its portfolio companies as well as the introduction and implementation of the Asset Management Partners (AMP) scheme to assist with the resolution of small loans which in turn created over 3000 jobs both directly and indirectly.
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“He also championed the creation of the Asset Tracing Unit which has led to more extensive discovery of assets and subsequent recovery of indebtedness while simultaneously having proactive negotiations with debt holders to achieve prompt and optimal settlements,” the lawmaker said.
Mr Sani noted that the re-appointments of the AMCON nominees are in accordance with the provisions of Section 10(3)(a)and(b) of the Asset Management Corporation of Nigeria; and their nomination for a second and final tenure of five (5) as enshrined in the Asset Management Corporation of Nigeria (AMCON) Act, 2010 (as amended).
The lawmaker, in a another presentation, said prior to the appointment of Bello Hassan as Managing Director of the NDIC, the nominee represented the Cenral Bank of Nigeria (CBN) on the Governing Board of the Nigeria Deposit Insurance Corporation (NDIC), and had participated in various committees that produced key supervisory guidelines and templates for the Nigerian Financial System.
FG Declares Public Holiday on June 12 to Mark Democracy Day
By: Michael Mike
The Federal Government has declared Thursday, 12th June, 2025 as Public Holiday to commemorate this year’s democracy day celebration.
The Minister of Interior, Hon. Olubunmi Tunji-Ojo, who made the declaration on behalf of the Federal Government in a statement signed by the Permanent Secretary, Ministry of Interior, Dr. Magdalene Ajani, congratulated Nigerians on this occasion of 26 years of an uninterrupted civil rule.
He said: “June 12 represents our historic journey to building a nation where truth and justice reign and peace is sustained and our future assured.
“The last 26 years tells the story of our resilience, strength and courage and a hope Renewed than ever.”
The Minister while noting that Democracy is sustained with open doors for further improvement, reiterated the commitment of the Renewed Hope government of President Bola Ahmed Tinubu (GCFR) to the universal value of democracy that is based on freely-expressed will of the people in determining Nigeria’s political, economic, social and cultural systems.
FG Declares Public Holiday on June 12 to Mark Democracy Day
Chieftaincy dispute causes chaos in Muye village in Niger
By: Zagazola Makama
A renewed chieftaincy tussle in Muye village, Lapai Local Government Area of Niger State, has sparked violent confrontations between rival supporters, prompting swift intervention by security operatives.
Zagazola Makama gathered that the crisis began around 6:20 p.m. on Thursday when the deposed village head, Alhaji Mohammed Abdulkadir Maigari II, forcefully returned to Muye and broke into the palace.
The incident provoked tension among residents, especially after supporters of the current Dakachi confronted the deposed monarch. The situation was immediately brought under control by a team of security personnel from Lapai.
However, Zagazola learnt that the situation escalated on Friday morning when supporters of both camps clashed again, leading to a free-for-all fight that disrupted public peace in the community.
Security sources were swiftly deployed to Muye to restore normalcy.
“The combined security teams have brought the situation under control. Monitoring and surveillance operations are ongoing to prevent further breakdown of law and order,” the source said.
No casualties or arrests have been officially confirmed as of the time of filing this report.
Chieftaincy dispute causes chaos in Muye village in Niger
Eid-el-Kabir: IPCR Calls on Nigerians to Peace, Harmony
By: Michael Mike
Institute for Peace and Conflict Resolution (IPCR) has called on Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress.
The advice was given by the Director General of the Institute for Peace and Conflict Resolution (IPCR), Dr. Joseph Ochogwu, in his message on Eid-el-Kabir.
The Institute, while extending warm greetings to Nigerians, wished them a joyous and peaceful celebration, marked by love, compassion, and unity.
The Institute while noting that Sallah is a significant occasion in the Islamic calendar, symbolizing the values of sacrifice, gratitude, and community, emphasized that the spirit of Sallah should guide Nigerians in their interactions with one another, fostering a culture of peace, tolerance, and understanding.
The IPCR urged Nigerians to promote peace and harmony in their communities, recognizing that peace is essential to national development and progress, while
encouraging individuals to embrace the values of Sallah, including forgiveness, empathy, and kindness, in their daily lives.
According to IPCR, peace is critical to promoting national stability and cohesion.
The Institute also urged Nigerians to use this period of Sallah celebration to address conflicts and promote dialogue, which could help to build trust and understanding among Nigerians and also contribute to a more peaceful society.
It recognized that the country’s many ethnic and religious groups can work together to build a more harmonious society, celebrating their differences and promoting a culture of tolerance.
End
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