Connect with us

National News

Senate confirms Buhari’s nominee for NMDPRA, NDIC

Published

on

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.

READ ALSO: UN Commits To Partner Borno On Resettlement Of IDPs

“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.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

National News

ISWAP Terrorists Kill Hunters’ Leader in Borno

Published

on

ISWAP Terrorists Kill Hunters’ Leader in Borno

By: Zagazola Makama

Suspected ISWAP terrorists have killed the chairman of the hunters’ group in Garjang village, Damboa Local Government Area of Borno State.

Sources told Zagazola Makama that the incident occurred at about 5 a.m. on Sunday.

The victim, identified as Habu Dala, 53, was abducted from his home by the terrorists, who took him through Mulharam to Forfot villages in Damboa LGA.

Villagers mobilised in search of Dala and later found his corpse bearing gunshot wounds.

Troops of Operation HADIN KAI, members of the Civilian Joint Task Force (CJTF), and the hunters’ group visited the scene.

The remains were evacuated to the General Hospital, Damboa, where he was certified dead and later released to his family for burial in accordance with Islamic rites.

ISWAP Terrorists Kill Hunters’ Leader in Borno

Continue Reading

National News

Nine Injured in Kwali Farmers–Herders Clash

Published

on

Nine Injured in Kwali Farmers–Herders Clash

By: Zagazola Makama

Nine persons sustained machete injuries in a clash between Bassa farmers and Fulani herders in Gomoni Village, Kwali Area Council of the FCT.

Sources told Zagazola Makama that the fight, which broke out on Aug. 9 at about 3:30 p.m., followed alleged destruction of melon and maize farms belonging to the Bassa community by cattle.

It was gathered that the Nigeria army troops
along with joint team of operatives, and vigilantes were deployed to the scene following a distress call.

Six Bassa and three Fulani victims with varying degrees of machete cuts were taken to Rhema Foundation Hospital, Kwali, for treatment.

Authorities confirmed that the situation had been brought under control and normalcy restored, while investigation was ongoing.

Nine Injured in Kwali Farmers–Herders Clash

Continue Reading

National News

VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu

Published

on

VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu

By: Our Reporter

Vice President Kashim Shettima on Saturday attended the wedding fatiha of Aisha, daughter of Shehu Aliyu, an Executive Director with First Bank of Nigeria, and Muhammad Jalal, son of former Niger State Governor, Dr. Mu’azu Babangida Aliyu, Talban Minna, at the National Mosque, Abuja.

The solemnisation, led by the Chief Imam of the National Mosque, Dr. Muhammad Kabir Adam, alongside other Imams, featured prayers for the couple’s blessings.

Vice President Shettima stood in for the bride, while Dr. Mu’azu Babangida Aliyu represented the groom, culminating in the presentation of the dowry and the formal tying of the marital knot.

The event was graced by prominent dignitaries, including former Vice President Namadi Sambo, former Jigawa State Governor Sule Lamido, Minister of State for Agriculture and Food Security Senator Aliyu Sabi Abdullahi, former Kaduna State Governor Ahmed Makarfi, former Minister of Special Duties Kabiru Turaki, Katsina State Deputy Governor Faruk Lawal Jobe, the Emir of Borgu, Niger State, Muhammad Sani Dantoro among many others.

VP Shettima Attends Wedding Fatiha Of Aisha Shehu Aliyu and Muhammad Jalal Babangida Aliyu

Continue Reading

Trending

Verified by MonsterInsights