Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,148,795 members, 7,802,536 topics. Date: Friday, 19 April 2024 at 04:03 PM

AMCON: Why Banire Was Replaced As Chairman - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / AMCON: Why Banire Was Replaced As Chairman (25871 Views)

Ningi Replaced As Chairman Committee On National Identity / AMCON: Buhari Replaces Muiz Banire With Edward Adamu / What Sudan Authorities Told Me About ‘dead Buhari Replaced As Jubril’ - Sani (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

AMCON: Why Banire Was Replaced As Chairman by fergie001: 11:16pm On Dec 10, 2019
President Muhammadu Buhari on Tuesday replaced Muiz Banire as the head of the Asset Management Corporation of Nigeria (AMCON).

This replacement was contained in a letter forwarded to Nigerian Senate on Tuesday.

In the letter, the President named Edward Adamu as the new chairman.

Banire was appointed chairman of AMCON by President Buhari in July 2018 and confirmed by the Senate in October 2018.

Banire’s replacement is believed to be connected to the amended AMCON Act.

Recall that the Senate had in August passed a bill that seeks to amend the AMCON Act.

President Muhammadu Buhari signed the bill into law on 7th August 2019.

The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.”

The AMCON Act also amended the 2010 establishment Act by increasing the powers of the Corporation to recover debts owed to legacy banks.
https://thenationonlineng.net/amcon-real-reason-why-banire-was-replaced-as-chairman/

11 Likes 2 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by Commentor: 12:08am On Dec 11, 2019
The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.”

The AMCON Act also amended the 2010 establishment Act by increasing the powers of the Corporation to recover debts owed to legacy banks.

5 Likes

Re: AMCON: Why Banire Was Replaced As Chairman by Nobody: 1:43am On Dec 11, 2019
Commentor:
The amended section 10 of the Act stipulates that there shall be “a part-time chairman who shall be a Deputy Governor in the Central Bank of Nigeria to be nominated by the Central Bank of Nigeria.”

The AMCON Act also amended the 2010 establishment Act by increasing the powers of the Corporation to recover debts owed to legacy banks.

Plastic reason.

Tinubu media should keep painting a picture that all is well instead of accepting things for what they are.

You will drink Buhari urine too.

Animals

50 Likes 6 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by Herdsmen: 2:03am On Dec 11, 2019
Punch released statement,their position on Buhari administration ...calling his administration..Regime.. the President ..General. till sense return ..

Here my people is Thenation ..making excuse.

Soware will be in their for a long time ..this regime is going south.nigerians should brace for worst.will.get real ugly..3 years..till 2023.. with Buhari...no be beans..

Either we fight or they go rub us mean mean...walahi.

14 Likes 2 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by Godons1: 5:01am On Dec 11, 2019
We don't need to know the reason for his replacement. We trust Buhari's judgements.



Any body that feels pained about this, should locate the nearest transformer. grin grin grin grin

God bless Buhari.

29 Likes 1 Share

Re: AMCON: Why Banire Was Replaced As Chairman by contigiency(m): 5:07am On Dec 11, 2019
Awol1:


Plastic reason.

Tinubu media should keep painting a picture that all is well instead of accepting things for what they are.

You will drink Buhari urine too.

Animals

Tomorrow now you will say that you are educated and intelligent, and why rule of law must be adhered to. Look at a very cogent reason that borders on constitutional provision, how you ignored it and chose to stick to political and ethnic prejudice. You should have told us whether the former occupant of the office is or was a deputy governor of CBN, or better still, another aspect of law that empowered him to still serve in that capacity despite the amended section. It would have been meaningful as intelligent discussion.

58 Likes 6 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by Nobody: 6:56am On Dec 11, 2019
Rubbish reasons.

Mr integrity my foot!! Buhari once complained of no transparency in the agency but still went on to appoint a thief that collaborated with emefiele to hide the 500bn they stole.

Buhari you are mad and that's facts!!

5 Likes

Re: AMCON: Why Banire Was Replaced As Chairman by Roon9(m): 6:57am On Dec 11, 2019
Bubu does whatever he pleases. Who can question


Call for our 250,000mAH lithium-ion solar powerbank that could power your TV, laptop, and up to 4 lighting points for up to 10 hours daily
Re: AMCON: Why Banire Was Replaced As Chairman by excellence28: 6:57am On Dec 11, 2019
Re: AMCON: Why Banire Was Replaced As Chairman by ednut1(m): 6:57am On Dec 11, 2019
Part time chairman fa
Re: AMCON: Why Banire Was Replaced As Chairman by QuickStandard: 6:57am On Dec 11, 2019
shocked

Good morning my Nairaland Neighbors.


This is December, please stay safe, don't do crime, hustle legit. Above all be contented with whatever you have..


At Quick Standard, we give you uninterrupted power supply! And also buy your used inverter batteries....

Have a spending Wednesday.
Re: AMCON: Why Banire Was Replaced As Chairman by Authoreety: 6:58am On Dec 11, 2019
shocked
Godons1:
We don't need to know the reason for his replacement. We trust Buhari's judgements.



Any body that feels pained about this, should locate the nearest transformer. grin grin grin grin

God bless Buhari.

Re: AMCON: Why Banire Was Replaced As Chairman by kolafolabi(m): 6:58am On Dec 11, 2019
Govt of the north, by the north and for the north..

7 Likes 2 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by sammyj: 6:58am On Dec 11, 2019
cool The question to ask is the is there no other person other part of the country in CBN that can appointed to replace Banire
Re: AMCON: Why Banire Was Replaced As Chairman by helinues: 6:58am On Dec 11, 2019
undecided

Is Adamu a deputy gov at CBN?

2 Likes

Re: AMCON: Why Banire Was Replaced As Chairman by Ahmaduchebello: 6:58am On Dec 11, 2019
What's wrong with being replaced?

1 Like

Re: AMCON: Why Banire Was Replaced As Chairman by PoliticalChinex(m): 6:59am On Dec 11, 2019
PART OF DE-TINUBINIZATION PROCESS OF ABOKI GOVERNMENT OF BUHARI

5 Likes 1 Share

Re: AMCON: Why Banire Was Replaced As Chairman by Maxymilliano(m): 7:00am On Dec 11, 2019
Damage limitation ...
Re: AMCON: Why Banire Was Replaced As Chairman by Abuleoshi: 7:00am On Dec 11, 2019
Awol1:


Plastic reason.

Tinubu media should keep painting a picture that all is well instead of accepting things for what they are.

You will drink Buhari urine too.

Animals
So Buhari should ignore the law on who should be chairman of AMCON? Some of you don't have sense sha

6 Likes 1 Share

Re: AMCON: Why Banire Was Replaced As Chairman by itsme01: 7:01am On Dec 11, 2019
cool


Muiz Banire is a Fashola guy not Tinubu man, and Banire just like Fowler already knows his time is fast spent


..

1 Like

Re: AMCON: Why Banire Was Replaced As Chairman by Racoon(m): 7:01am On Dec 11, 2019
cheesy As far as Ibrahim Magu & other core northerner like Abba Kyari that were indicted in corruption were never replaced, forget all these silly explanation.

1 Like

Re: AMCON: Why Banire Was Replaced As Chairman by Nobody: 7:01am On Dec 11, 2019
The reason y he was removed is because he a Christian nd a Southerner simple

1 Like

Re: AMCON: Why Banire Was Replaced As Chairman by anonimi: 7:01am On Dec 11, 2019

3 Likes

Re: AMCON: Why Banire Was Replaced As Chairman by yanabasee(m): 7:01am On Dec 11, 2019
Whenever Buhari set his mind to humiliate the Yoruba race, he'll use ""the act"" to humble them.

1 Like

Re: AMCON: Why Banire Was Replaced As Chairman by maestroferddi: 7:03am On Dec 11, 2019
Story story..
Re: AMCON: Why Banire Was Replaced As Chairman by Racoon(m): 7:03am On Dec 11, 2019

2 Likes 2 Shares

Re: AMCON: Why Banire Was Replaced As Chairman by RexEmmyGee: 7:06am On Dec 11, 2019
Part time chairman huh?? Funny
They should better tell us if Adamu Edward is also part time before hand.
Re: AMCON: Why Banire Was Replaced As Chairman by Blakdaze: 7:06am On Dec 11, 2019
ednut1:
Part time chairman fa

1 Like 2 Shares

(1) (2) (3) (Reply)

El-Rufai Visits Lai Mohammed In Abuja (Photos) / Why Atiku May Not Visit America Any Time Soon~ The Guardian / Revolution Now - Sowore Vs Adeyinka Grandson

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 26
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.