….Confirms Yuguda’s Appointment as AMCON Board Chairman

ThisDay· 3h ago· 1 min read

Sunday Aborisade in Abuja

The Senate on Thursday confirmed the nomination of Lamido Yuguda for appointment as the Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON).

The resolution of the red chamber followed its consideration and adoption of the recommendation of the Senate Committee on Banking, Insurance and Other Financial Institutions that screened Yuguda for the appointment.

The Chairman of the Committee, Senator Mukhail Adetokunbo Abiru (Lagos East) presented the report during plenary.

President Bola Tinubu had forwarded Yuguda’s nomination to the Senate on July 9, 2026, for confirmation in accordance with the provisions of the AMCON Act.

With the Senate’s approval, Yuguda assumes the chairmanship of the board of one of Nigeria’s most critical financial institutions, established in 2010 to stabilise the banking sector following the 2008–2009…

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