President Muhammadu Buhari has appointed Dr. Muiz Adeyemi Banire as Chairman of the governing board of the Assets Management Corporation of Nigeria (AMCON).
His appointment is subject to the approval of the Senate.
Muiz Adeyemi Banire is a lawyer and activist who served as three-term commissioner of Lagos State. He is currently National Legal Adviser of the All Progressive Congress, and a member of the National Judicial Council.
Born on 6 October 1966 in Olowogbowo, Lagos Island, Banire attended primary and Secondary School in Mushin, Lagos. He received his LLB, Masters and Doctorates of Law from the University of Lagos focusing on the Evolving Alternative Legal Framework for Land Management in Nigeria.
He served his compulsory Youth Service with the Legal Aid Council and was later attached to Gani Fawehinmi Chambers before he was called to bar in 1989. Banire established his firm, M.A. Banire and Associates in 1995. He was a Senior Lecturer of Law at the University of Lagos from 1991 till 2010 lecturing in private and Property Law. He was elevated to the rank of Senior Advocate of Nigeria in 2015 and appointed a Bencher.
Assets Management Corporation of Nigeria (AMCON) was established in 2010 by an Act, when the President of the Federal Republic of Nigeria, Goodluck Jonathan, signed the AMCON Act into Law, and charged with the main responsibility of reviving the Nigerian financial system through the efficient resolution of “the non-performing loan assets of banks in the Nigerian economy.”