President Muhammadu Buhari on Tuesday approved the dissolution of the executive management team of the Asset Management Corporation of Nigeria (AMCON).

A statement by the Special Adviser to the President, Media and Publicity, Mr. Femi Adesina, said Buhari also approved the reconstitution of a new management team for the corporation.

With the announcement, Mr. Mustapha Chike-Obi, the pioneer managing director of AMCON whose tenure was due to expire in November this year, has been replaced by Ahmed Lawan Kuru.

While the new executive directors (EDs) of the corporation are  Kola Ayeye, Eberechukwu Uneze and Aminu Ismail.

The three new EDs shall be replacing Mofoluke Benedicta Dosumu, Hewitt Adegboyega Benson and Abbas Mohammed Jega, who were appointed alongside Chike-Obi in 2010.

Before his appointment as the new chief executive of AMCON, Kuru was the immediate past Group Managing Director of Enterprise Bank Limited before it was sold to Heritage Bank Limited by AMCON.

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