The Nigerian Senate has confirmed Lamido Yuguda as the Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON).
The confirmation followed the consideration and adoption of the report of the Senate Committee on Banking, Insurance and other Financial Institutions, presented by its Chairman, Sen. Adetokunbo Abiru (Lagos East).
The Senate confirmation of Yuguda’s appointment as Chairman of the AMCON Board followed the submission of his nomination by President Bola Tinubu on July 9, 2026.
Naija News recalls that President Tinubu had asked the Senate to confirm the appointment of Lamido Yuguda Abubakar as Chairman of the Board of the Asset Management Corporation of Nigeria (AMCON).
Tinubu’s request was contained in a letter read by Senate President Godswill Akpabio during plenary.
The President said the nomination was made in line with Section 10(1)(a) of the Asset Management Corporation of Nigeria (Establishment) Act, 2019, as amended.
“I am pleased to present for confirmation by the Senate the appointment of Mr Lamido Yuguda Abubakar as chairman of the board of the Asset Management Corporation of Nigeria,” the letter read in part.
In related news, the Nigerian Senate has approved a ₦50 million donation for the families of those who lost their lives during the abduction of pupils and teachers from schools in the Oriire local government area of Oyo State.
The announcement was made during plenary by Senate President Godswill Akpabio.
He described their deaths as a painful sacrifice in the nation’s fight against insecurity.
According to Akpabio, ₦10 million would be given to each of the families of the two teachers murdered by the abductors and the three soldiers who died during the rescue operation.
He said the gesture was aimed at providing some support to the bereaved families and recognising the sacrifices made by the deceased in the course of the tragic incident.
