• About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 6, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

Finance Minister Charges New AMCON Board On Improved Debt Recoveries

by Bisi Bamishe
May 22, 2025
in News
Finance Minister Charges New AMCON Board On Improved Debt Recoveries

L-R: The Permanent Secretary, Ministry of Finance, Mrs Lydia Shehu Jafia; Honourable Minister of State for Finance, Mrs Doris Nkiruka Uzoka-Anite; Honourable Finance Minister and Coordinating Minister of the Economy, Mr. Olawale Edun; the Chairman of the Board of Asset Management Corporation of Nigeria (AMCON), Dr. Bala Mohammed Bello, and the Managing Director/Chief Executive Officer of AMCON, Mr Gbenga Alade at the inauguration of the new Board of AMCON at the Ministry of Finance, Abuja on Wednesday

Share this:

By Bisi Bamishe

Finance Minister and coordinating Minister of the Economy, Mr. Olawale Edun, has charged the New Board of Directors of the Asset Management Corporation of Nigeria (AMCON) to speed up debt recoveries. AMCON

The minister gave the charge on Wednesday in Abuja during the Inauguration of the New Board of AMCON. The new board is chaired by Dr Bala Mohammed Bello. The Non-Executive Directors are Yusuf Tegina, Adeyemo Adeoye, Charles Odion Iyiore, Yahaya Ibrahim, and Emily Chidinma Osuji.

According to him, “This ceremony is not merely a procedural event; it is a defining moment in the continued effort of this administration to promote financial stability, enhance investor confidence, and reposition Nigeria’s financial institutions for long-term growth and sustainability.”

Read Also:

CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

EyiyemiOlivia Rogbinyin To Host QEDNG Creative Powerhouse Summit

He said Nigerians look to AMCON not just as a recovery agency, but as a vehicle for transparency, accountability, and the efficient resolution of non-performing loans that continue to weigh down our banking system and public finances.

“However, as we all know, the task of economic transformation is an ongoing journey. As our macroeconomic realities evolve, so too must the strategies we adopt to strengthen financial institutions, improve fiscal discipline, and unlock value from distressed assets. The role of AMCON is as critical today as it was at its inception—if not more so.”

He emphasized some of the key priority areas for the immediate attention of the new board to include enhanced Asset Recovery: AMCON’s current portfolio of unrecovered debts remains a matter of national concern. The Board must work assiduously to strengthen the Corporation’s asset recovery strategy, including through legal enforcement, restructuring, and the sale of assets.

Governance and Accountability: It is imperative that this new Board upholds the principles of good corporate governance, transparency in operations, and strict adherence to the rule of law.

Collaboration with Stakeholders: The Board must ensure strategic collaboration with relevant MDAs, the Central Bank of Nigeria (CBN), the Judiciary, and the National Assembly. A unified approach is essential to ensure that AMCON’s recovery mandate is not undermined.

On Exit Strategy, Edun noted that, “While AMCON was created as a temporary intervention, its winding down must be approached with caution and strategy. The new Board is expected to begin articulating a credible and sustainable exit framework, in alignment with the government’s broader economic reform agenda.”

He said the reform agenda of President Bola Ahmed Tinubu’s administration is cantered on economic stability, job creation, and private sector-led growth. AMCON’s effective performance under your stewardship will contribute significantly to the achievement of these objectives.

In his remarks, the Managing Director and Chief Executive of AMCON, Mr Gbenga Alade, thanked the Honourable Minister for supporting the operations of the Corporation. Alade assured that, with the inauguration of the new board the recovery process would be enhanced.

Previous Post

Life Insurance Explained: Why Staying the Course Matters More Than Early Withdrawal

Next Post

Guinea Insurance Board Reinforces Vision, Announce Leadership Transition

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature
News

CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

August 4, 2025
EyiyemiOlivia Rogbinyin To Host QEDNG Creative Powerhouse Summit
News

EyiyemiOlivia Rogbinyin To Host QEDNG Creative Powerhouse Summit

August 1, 2025
Oby Ezekwesili Tasks Media To Lead Reforms Of Nigerian Constitution
News

Oby Ezekwesili Tasks Media To Lead Reforms Of Nigerian Constitution

August 1, 2025
Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited
News

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

July 30, 2025
NGX Boss, Umaru Kwairanga, To Chair Business Journal Fintech Roundtable 2025
News

NGX Boss, Umaru Kwairanga, To Chair Business Journal Fintech Roundtable 2025

July 28, 2025
Energy Experts Proffer Solution To Nigeria’s Energy Conundrum
News

Energy Experts Proffer Solution To Nigeria’s Energy Conundrum

July 28, 2025
Next Post
Guinea Insurance Board Reinforces Vision, Announce Leadership Transition

Guinea Insurance Board Reinforces Vision, Announce Leadership Transition

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

NAICOM Board Approves New Operational Structure For The Commission

Nigeria Insurance Industry Reform Act 2025 : Dawn of A New Era

7 hours ago
CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

2 days ago
NAIPE AGM 2024 : Universal, Guinea, Norrenberger Group Set As Sponsors

NAIPE 2025 National Conference Holds Sept 16

2 days ago
Claims Payments :  Leadway Assurance  Leads lndustry with N67 Billion Paid In 2023   

Leadway Assurance Partners Ecobank To Expand Access To Tailored Insurance Solutions

3 days ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

NAICOM Board Approves New Operational Structure For The Commission

Nigeria Insurance Industry Reform Act 2025 : Dawn of A New Era

August 5, 2025
CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

CORA, NLNG Honour 2025 Longlist of 11 For The Nigeria Prize For Literature

August 4, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In