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‘AMCON not influenced by the Presidency’

AMCON BossAhmed-KuruThe Asset Management Corporation of Nigeria (AMCON) yesterday dismissed reports that its decision making process was being influenced by the Presidency.

In a statement, its Head, Corporate Communications, Jude Nwauzor, said the letter, which the report quoted, was a routine correspondence between the office of Chief of Staff to the President and relevant Ministries, Departments and Agencies (MDAs) of government including AMCON to seek clarifications and enable briefings to Mr. President on issues considered as having strategic national importance.

“There is nothing in the contents of all our correspondences to suggest an influence on AMCON in its business decisions or translate to prospecting business on behalf of any individual, group or organisation as the earlier correspondence on the subject matter clearly required AMCON to exercise due care in the overall interest of the Federal Republic of Nigeria,” he said.

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