The Managing Director/Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Kuru has been admitted as a Fellow of the Institute of Directors (IoD).
The award was conferred on him at the instituteâ€™s 2017 5th biennial presidential lecture in Lagos recently.
The topic of this yearâ€™s lecture, which was delivered by the Chairman of Nigerians Breweries Plc, Chief Kola Jamodus, was: â€œThe role of corporate leaders in accelerated economic revival of Nigeria today.â€
Speaking at the event, which was also attended by the Ondo State Governor, Mr. Oluwarotimi Akeredolu, the President and Chairman of Council, Institute of Directors, Mr. Samuel Yemi Akeju, said the IoD was very meticulous in the selection of top corporate players admitted as Fellows, which is the apex on the scale of the three categories of the membership for which Kuru eminently qualified for admission.
He said the institute had watched Kuruâ€™s stewardship over the years in the different firms he had led and saw track records of outstanding leadership criteria without blemish, which was why Kuruâ€™s membership as a Fellow of IoD was unanimously approved by the council when it came up for discussion.
Kuru, according to a citation is a career banker with professional experience spanning over three decades across investment banking, risk management, operations, human capital management and marketing amongst others.
Prior to his appointment as the Chief Executive of Asset Management Corporation of Nigeria (AMCON) by the Presidency on August of 2015, Kuru served as the Managing Director/CEO of erstwhile Enterprise Bank Limited. His ingenuity at turning the then beleaguered bank around and returning it to profitability earned him the famous name in the financial sector as the turn-around-agent.
Confronted with a herculean task at AMCON whose total debt obligation of N4.6 trillion represents 75 per cent of the 2016 national budget; 26 per cent of the 2016 total national debt, and 5 per cent of the countryâ€™s nominal gross domestic product in 2016; Kuru who is driven by result hit the ground running.