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HomeBusinessPresident Buhari nominates new CEO for NDIC, reappoints Kuru as AMCON MD

President Buhari nominates new CEO for NDIC, reappoints Kuru as AMCON MD

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By GFDNews Correspondent

President Muhammadu Buhari has forwarded the names of Bello Hassan and Ahmed Kuru to the Senate for confirmation as the managing directors of the Nigeria Deposit Insurance Corporation (NDIC) and the Asset Management Corporation of Nigeria (AMCON) respectively.

Kuru is being renominated for a second term as the chief executive officer of the nation’s ‘bad bank, while Hassan is nominated by the president to replace the outgoing managing director of the banking industry deposits insurer.

In a statement by the Senior Special Assistant to the President on Media & Publicity, Garba Shehu the president also renominated Eberechukwu Uneze and Aminu Ismail as Executive Directors of (AMCON).

The statement said the President wrote to the President of the Senate seeking confirmation of the nominees by the Upper Chamber in accordance with Section 10(1) of the AMCON Act, 2010.

Also, in another letter to the upper chamber in compliance with Sections 5(4) and 8(3) of the NDIC Act, 2010, President Buhari asked the Senate to confirm the nominations of Hassan as the Managing Director, and Mustapha Muhammad Ibrahim as Executive Director of the corporation.

Hassan is to succeed Umaru Ibrahim while Ibrahim will replace Aghatise Erediuwa whose second terms end on December 8, 2020, as Managing Director and Executive Director (Operations) respectively.

Hassan until his nomination to serve as the CEO of NDIC was the Director of Other Financial Institutions’ Supervision Department (OFID) at the Central bank of Nigeria.

He was also on the board of the NDIC to represent the regulatory bank.

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