7 Reasons Why Removal Of Banire As AMCON Chairman Is Illegal – Senior Lawyer Adegboruwa Reveals

Charles Oyelesi

Senior lawyer – and human rights activist – Ebun-Olu Adegboruwa has proffered seven reasons why it is illegal to remove Muiz Banire as the chairman of the Assets Management Corporation (AMCON).

Adegboruwa’s revelation is made barely 24hrs after Banire who is one of the chief promoters of the ruling party in the southwest region accepted his fate in a well-publicized article.

Edward Lametek Adamu replaces Banire as AMCON chairman on the strength of the amendment of the act governing the corporation carried out four months ago by the National Assemble. The amendment was done months after Banire was confirmed as AMCON chairman,

Adegboruwa’s seven reasons – made via a social media post titled Illegality Of Removal Of AMCON Chairman – reads

1. By law, the Chairman of AMCON, once appointed, is to remain in office for five years.

2. Dr Muiz Banire, SAN had not completed his tenure when the President purported to have appointed another Chairman for AMCON.

3. The amendment of the AMCON Act does not automatically dissolve the existing Board or extinguish the offices previously created or already existing prior to the amendment.

4. Under and by virtue of section 6 (1) (b) of the Interpretation Act, the repeal of an enactment “shall not affect any right, privilege, obligation or liability accrued or incurred under the enactment.”

5. When a law is amended or repealed, there is a presumption of preservation of all things done under the previous law.

6. By law, Dr Muiz Banire, SAN, is still the Chairman of the Board of AMCON.

7. The Senate cannot in law confirm the purported appointment of another Chairman for AMCON, when the existing Chairman has not exhausted his tenure or be removed according to law.