The Nigerian government has inaugurated a new board for the Asset Management Corporation of Nigeria, AMCON.
The board will guide AMCON toward enhancing Nigeria’s financial stability and boosting asset recovery, the Minister of Finance, Wale Edun, said.
Edun said the board must help restore investor trust, unlock value from bad loans, and support key economic reforms.
He also stressed that AMCON must shift from a rescue agency to a value-driven institution.
Bala Bello will chair the new board. Other non-executive directors include Yusuf Tegina, Adeyemo Adeoye, Charles Odion Iyiore, Yahaya Ibrahim, and Emily Chidinma Osuji.
