WATCH THE VIDEO HERE The Federal Government has inaugurated a new Board of Directors for the Asset Management Corporation of Nigeria, with a directive to strengthen asset recovery and commence a credible, time-bound wind-down of the Corporation. According to a statement by the Director of Information and Public Relations at the Federal Ministry of Finance, Mr Mohammed Manga, on Thursday, the inauguration, which took place on Tuesday in Abuja, was conducted by the Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, who stated that the new leadership of AMCON must reposition the institution in line with global best practices and support ongoing macroeconomic reforms. “AMCON must evolve from a stabiliser of last resort to a disciplined vehicle for value creation and responsible exit,” the minister said. “A credible wind-down will not only free up resources but also reinforce our broader goal of a transparent, investment-friendly financial system.” Edun also stressed the importance of efficient asset recovery and institutional accountability in a fiscally constrained environment, noting that these are essential for Nigeria to remain a competitive destination for investment and enterprise.
FG directs AMCON to begin shutdown process
