The Senate on Thursday at plenary, confirmed the appointment of Mr Lamido Yuguda as Chairman, Asset Management Corporation of Nigeria, AMCON.
His confirmation followed presentation and adoption of report of Committee on Banking, Insurance and Other Financial Institutions.
Presenting the report, Chairman of the Committee, Sen. Adetokunbo Abiru (APC -Lagos), said the nominee had previously undergone screening by the committee on two occasions.
According to him, Yuguda was earlier screened for appointment as a member of the Monetary Policy Committee, MPC, and later as Deputy Governor of the Central Bank of Nigeria, CBN.
He said the committee was satisfied with the nominee’s qualifications and recommended his confirmation as chairman of the AMCON.
Senate, thereafter, via a voice vote, unanimously approved the nomination.
President of Senate, Godswill Akpabio, in his remarks commended the committee for conducting a thorough screening.
He also congratulated the confirmed nominee, expressing confidence that he would bring value to AMCON and contribute to Nigeria’s economic development.
Akpabio also commended the lawmakers for their contributions and cooperation during the confirmation process.
Senate at plenary also approved three House of Representative bills for concurrence.
The bills are: High Court of the Federal Capital Territory Abuja Act Amendment Bill 2026.
National Inland Waterways Authority Act Repeal and Enactment Bill, 2026 and the Tobacco Control Act 20215 Amendment Bill 2026.
Source: NAN
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