Senate tasks AMCON on operational records ahead of 2030 wind-down

…Yuguda gets ‘bow and go’ treatment at screening

By Henry Umoru

ABUJA — The Senate Committee on Banking, Insurance and Other Financial Institutions has directed the Asset Management Corporation of Nigeria (AMCON) to begin compiling comprehensive records of its operations ahead of the agency’s planned expiration in 2030.

The directive was issued on Tuesday by the committee, chaired by Senator Tokunbo Abiru (APC, Lagos East), during the screening of Lamido Abubakar Yuguda, the newly appointed Chairman of AMCON’s Board by President Bola Ahmed Tinubu.

Yuguda, who appeared before the committee for screening, was asked to “bow and go” after lawmakers waived the need for extensive questioning, citing their familiarity with his credentials and previous engagements.