Politics
Ahmed Kuru and his adversaries By James Imoru
Ahmed Kuru and his adversaries
By James Imoru
BEING a beacon of integrity in an abundantly blessed but criminally managed, consciously monetized society like Nigeria can be daunting. Ask the Asset Management Corporation of Nigeria (AMCON) boss, Ahmed Lawan Kuru. Confronting the hawks who wrecked the banking sector with unpaid loans and thus forced the creation of the corporation in the first place is not just a daunting task; it is an assignment strewn with perils, including lawfare and media wars by profiteers from the people’s pain, the friends and enablers of criminals. For one thing, the obligors of AMCON are in the commanding heights of political power, and if the nation has learned anything in the past few years when the corporation and these enemies of state have been locked in a battle, it is the fact that criminals do not like exposure.
In 2017, Kuru was garlanded as the African Best Rated CEO of The Year at the second edition of the National Development Forum (NDF)/award ceremony organized by African Development Magazine. Explaining the criteria for the selection of Kuru at the event, the media house stated that the AMCON boss was adjudged winner by the panel of judges after a careful evaluation of his difficult assignment at AMCON and the fact that he went about it in a way that supported the anti-graft war in the country. As it noted, it was a herculean task chasing dangerous debtors who had borrowed money from taxpayers to fund their lavish lifestyle while deliberately refusing to pay back and thus contributed to crippling the Nigerian economy. The same point was canvassed by the management of the New Telegraph when they bestowed upon Kuru the maiden edition of the “Public Integrity Award 2021.” The AMCON boss, they averred, was selected from a large poll of public servants heading different Ministries, Departments and Agencies (MDAs) of the government across Nigeria because of his commitment, dedication, uprightness, and patriotic zeal that he has gone about the recovery drive from AMCON obligors who owed Nigeria a current outstanding debt of over N4.4trillion.
As a popular Nigeria musician quipped, “it is divinity that abhors falsehood, the world wants no forthrightness.” And yet someone must stand up to be counted; someone must dare the status quo and rescue the nation from ruin. That is the kind of job Dora Akunyili had, and it is the kind of job Ahmed Kuru has. It is no wonder, then, that hiding under pseudonyms (fake names) and purveying the most blatant of falsehoods, certain anti-Kuru elements have gone on an overdrive in the media in recent times, cooking up falsehood against the high-flying, phenomenally cerebral, passionately committed and resource-savvy AMCON boss. Combining innuendos with conjecture, and vile abuse with sheer envy, they are doing their level best to robe the AMCON boss in the garb of a villain and get him out of the way. They are movers and shakers within the Nigerian landscape and they are not content with the multiple frivolous cases they filed in court in a desperate attempt to get away with crimes for which in saner climes they would presently be rotting in jail. The tactic is unmistakable: take Kuru’s job away from him by casting aspersions on his integrity, forcing the president to remove him. This is, to say the least, a devious tactic, and President Bola Ahmed Tinubu will not be moved by it. He is much too sophisticated to be swayed by charlatans masquerading as social crusaders. Convicts of financial crimes and the brains behind failed banks fazed by the public spirit with which Kuru works can only rage using media hounds; they must not be allowed to turn back the hands of the clock.
The fact that a good number of AMCON obligors who have no business occupying public office given their role in wrecking Nigeria’s financial system are now occupying top government offices should be a source of concern. But the fact that they are using public funds to sponsor all manners of attacks against AMCON is even more egregious. They are using public funds to protect their crime and take out those who dared to challenge them. They detest AMCON and its debt-recovery efforts with passion. And their pain was compounded by the fact that following his stellar performance in the first five years at the helms of affairs of AMCON, President Muhammadu Buhari reappointed Kuru, a career banker with professional experience spanning nearly four decades across investment banking, risk management, operations, human capital management and marketing, for another term of office in 2021.
As Managing Director/CEO of the former Enterprise Bank Limited, Kuru oversaw phenomenal growth. Within the first two years of his leadership, the bank made over N11billion profit, solidifying the path of profitability. It is a fact that it was AMCON that saved Arik Airlines, the largest local carrier, and Aero Contractors, Nigeria’s oldest carrier from shutting down operations, while making other strategic investments in a number of other local carriers, all of which have helped to keep the aviation sector afloat. The fact that AMCON has recovered about N1.8trillion from inception till date cannot be discountenanced, nor can the fact that it acquired about 12,000 Non-Performing Loans (NPLs) worth N3.7 trillion from 22 banks and injected N2.2 trillion as financial accommodation to 10 banks in order to prevent systemic failure.
In August last year, speaking in London, United Kingdom, at a training for Federal High Court judges from Nigeria, the AMCON boss indicated that the corporation’s recoveries in cash and in sale of assets had been made possible with the help of the judiciary. This was because “granting of Exparte Orders as well as orders to attach traced assets have compelled most recalcitrant obligors of AMCON to come to the negotiation table.” The recalcitrant obligors, he said, had mastered the act of clinging to the technicalities rather than settling their established obligations. But the Kuru-led AMCON had never shirked its responsibilities. AMCON made a profit of N23.97 billion in 2020, which increased to N34.65 billion in 2021. In the year 2022, the corporation made N58.59 billion profit. It has consistently delivered on its recovery mandate since its inception. The figure was over N70 billion for 2023. Given the feelers from the corporation, things are bound to get even better under Kuru’s leadership in the days to come.
Imoru , Civil Right Activist, contributes this piece through [email protected]
—
Politics
Rainbow Coalition Ambassadors Hails Rivers APC Over Peaceful Conduct of Guber Primaries
*Rainbow Coalition Ambassadors Hails Rivers APC Over Peaceful Conduct of Guber Primaries*
Charges Chinda to Be Magnanimous in Victory as a Patriot
The Rainbow Coalition Ambassadors (RCA) has commended the All Progressives Congress (APC) in Rivers State for the peaceful and orderly conduct of its governorship primaries, describing the process as a shining example of political maturity and a departure from the state’s history of acrimonious contests.
In a statement signed by Comrade Jude Chuks and issued shortly after the declaration of Rt. Hon. Kingsley Ogundu Chinda as the party’s candidate for the 2027 governorship election, the group praised the APC leadership and stakeholders for ensuring a rancour-free exercise.
The Rainbow Coalition Ambassadors, a prominent support structure aligned with the broader Rainbow Coalition political movement in the state, noted that the smooth conduct of the primaries reflects growing commitment to unity, dialogue, and collective progress ahead of the 2027 polls.
“We congratulate the Rivers State APC for conducting a credible, transparent, and peaceful primary. This achievement underscores the maturing democratic culture in our state and sets a positive tone for the political season,” Chuks read.
The group specifically hailed the withdrawals of key aspirants, including Governor Siminalayi Fubara and Tonye Cole, which paved the way for Chinda’s emergence, describing the moves as “statesmanlike decisions taken in the supreme interest of peace and party cohesion.
While celebrating the outcome, the Rainbow Coalition Ambassadors charged the new flag bearer to remain magnanimous in victory and demonstrate the spirit of a true patriot.
“Victory at the primary is not an end in itself but a call to higher responsibility. We urge Hon. Kingsley Chinda to extend a hand of fellowship to all other aspirants, stakeholders, and even those outside the APC.
“True leadership demands inclusivity, humility, and the ability to heal divides rather than widen them,” the ambassadors emphasised.
They further appealed to Chinda to prioritise broad-based consultations, youth and women inclusion, and the welfare of Rivers people in his campaign and future governance plans, noting his legislative experience and cross-party relationships as key assets.
The group, however, expressed optimism that, knowing Chinda’s antecedents as a seasoned lawmaker, bridge-builder, and consistent advocate for good governance, he will unify the party, foster inclusive development, and deliver people-oriented leadership that prioritises the welfare of all Rivers people across party lines.
Politics
Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate
Obasa Warns Dissidents as Agege Affirms Hamzat as APC governorship candidate
Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, has issued a strong warning to dissidents within the All Progressives Congress, APC, that are spreading false reports about the House of Assembly primaries held Wednesday, May 20 across all the wards in the local government.
Supervising officers from the Independent National Electoral Commission (INEC) announced the immediate past Executive Chairman of Agege Local Government Area, High Chief Ganiyu Kola Egunjobi, and Barrister. Azeez Oladapo Ninalowo as winners of Agege Constituencies I and II respectively. Egunjobi polled 10, 126 votes while Ninalowo scored 12, 455 votes. Both candidates had earlier emerged as consensus aspirants during a caucus meeting of the party presided over by Speaker Obasa last Tuesday.
Obasa spoke at the Agege Stadium earlier today, Thursday, May 21, as the APC faithful and stakeholders converged in their thousands to affirm incumbent deputy governor, Dr Obafemi Hamzat, as the consensus candidate of the party in the 2027 governorship election.
Speaking on the outcome of the primaries, Obasa declared: “We’ve done everything according to the dictates of the party. Dr Obafemi Kadiri Hamzat is our governorship candidate. Senator Idiat Adebule is our candidate in the Lagos West Senatorial District, and Mudashiru Obasa is the candidate for Agege Federal Constituency in the House of Representatives. Collectively, we have decided and we are standing by the decision of our members.”
He commended INEC and security agencies “for helping us to have a free, fair, and transparent exercise devoid of violence and disorderliness.” The Speaker also praised party members for their loyalty and steadfastness, stating: “Agege is always here for the party. We are always present. When you are a member of a party, you should always participate in all its activities. Why will anyone who isn’t here claim to be part of us?
“You can’t be absent from all primaries and still claim that you are with us. We have conducted House of Representatives, Senate, House of Assembly, and Governorship primaries, yet some disgruntled party members have consistently stayed away. It is not possible. They are not part of us.”
Further, Obasa said: “We should be mindful of the people we send to represent us in any position. If they disregard us, we will wait until their tenure expires and remove them. The beauty of any political structure is continuity. Agege remains a shining example of a well-structured political organisation at the local government level.
“Nothing was done by subterfuge; everything was done in the open. INEC, DSS, Police, the media, and party leaders were all present. There’s nothing to fear. If anybody is initiating fake reports, let them continue. Anybody who has a problem should go and challenge the result in court. After the general election, maybe they will wake up,” he added.
With Hamzat’s candidacy sealed and Obasa drawing a hard line against internal dissent, Agege has sent a clear message: the APC’s fortress stands on loyalty and discipline, and those unwilling to march in step will be left behind as the party advances toward 2027.
Politics
The All Progressives Congress (APC) in Edo State deserves commendation for the peaceful, transparent, and highly successful conduct of its primary elections across the various elective positions
The All Progressives Congress (APC) in Edo State deserves commendation for the peaceful, transparent, and highly successful conduct of its primary elections across the various elective positions,
……ranging from the State House of Assembly to the House of Representatives and the Senate.
The victories recorded so far are not just individual triumphs, but collective victories for the party, democracy, and the good people of Edo State. The process has once again demonstrated the maturity, strength, and internal democratic values of our great party.
Special appreciation must also go to His Excellency, the Executive Governor of Edo State, Senator Monday Okpebholo whose wisdom, leadership, fairness, and large-heartedness ensured the conduct of rancour-free primaries that have left party members satisfied and proud of the APC family.
As we look forward with great optimism to the presidential primary tomorrow, we remain confident that the same spirit of unity, peace, and brotherhood will prevail.
Congratulations to all the winners. As leaders entrusted with the confidence of the party, we urge them to be magnanimous in victory, extend hands of fellowship to other contestants, and work together in the overall interest of the APC and the progress of Edo State.
Together, we shall continue to build a stronger, united, and victorious party.
-
news5 months agoWHO REALLY OWNS MONIEPOINT? The $290 Million Deal That Sold Nigeria’s Top Fintech to Foreign Interests
-
society3 weeks agoSOCIAL MEDIA IS NOT A BATTLEFIELD COMMAND – WHY THE NIGERIAN ARMY’S ACTION AGAINST JUSTICE CRACK IS A NATIONAL SECURITY IMPERATIVE
-
celebrity radar - gossips4 months agoDr. Chris Okafor Returns with Power and Fire of the Spirit -Mounts Grace Nation Altar with Fresh Anointing and Restoration Grace on February 1, 2026
-
celebrity radar - gossips5 months agoProphet Kingsley Aitafo Releases 2026 Prophecy: ‘Nigeria Will Rise, but the World Must Prepare for Turbulence’




