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“Buhari’s illegal appointment in AMCON”

It has been pointed out that Tuesday’s appointment into the board of the Asset Management Company of Nigeria (AMCON) by President Muhammadu Buhari violated the law.

Recall that Buhari sacked Mustafa Chike-Obi as Managing Director and replaced him with Ahmed Lawan Kuru. The president also named Kola Ayeye, Eberechukwu Uneze and Aminu Ismail as the executive directors following the expiration of the five year tenure of the previous board.

A statement from the presidency said on Tuesday that the new appointments took “immediate effect”.

Online news medium, TheCable however reports that the appointment was illegal as it contravened section 10 (1) of the AMCON Act 2010 which stipulates tha tthe board shall be appointed by the president “subject to the confirmation of the Senate”.

President Buhari is said to have progressed in error now because he did not send the names of the new appointees to the Senate.

The report however added that the Head of Service, Danladi Kifasi, had been notified and that the anomaly would be corrected.

The Senate has adjourned till September 29 but it can be recalled to confirm the nominees.

It was also learnt that the president contravened section 10 (1) (c) of the same Act which stipulates that the board “shall consist of 3 Executive Directors who be nominated by the Central Bank of Nigeria in consultation with the Minister of Finance.

Section 10 (1) (c) however says that “a Managing Director shall be nominated by the central Bank of Nigeria”.

Buhari’s Special Adviser on Media and Publicity, Femi adesina told TheCable on Thursday that the noticed anomalies are being corrected.

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