The Nigerian Senate has confirmed Lamido Yuguda as the Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON) .
This was confirmed after the report of the Senate Committee on Banking, Insurance and other Financial Institutions presented by its Chairman, Sen. Adetokunbo Abiru (Lagos East) was considered and adopted.
His nomination was submitted by President Bola Tinubu on July 9, 2026, and was confirmed as Chairman of the AMCON Board by the Senate.
Recall that President Tinubu wrote to the Senate on August 21, 2023, to confirm the appointment of Lamido Yuguda Abubakar as Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON).
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The request was in a letter read by Senate President Godswill Akpabio during plenary.
He said the nomination was in line with Section 10(1)(a) of the Asset Management Corporation of Nigeria (Establishment) Act, 2019, as amended.
“I am pleased to forward for Senate’s confirmation the appointment of Mr Lamido Yuguda Abubakar as Chairman of the Board of the Asset Management Corporation of Nigeria,” the letter partly reads.
