Nigeria: Where Is Former AMCON Boss Mustafa Chike Obi?

For many, the initial question might be “Who is Mustafa Chike Obi?” Casually known as MCO, he was the Managing Director of AMCON (Assets Management Corporation of Nigeria) from 2010- 2015. Prior to AMCON, Mr. Chike Obi magnified his career in Financial Services in the United States of America. He previously worked at Goldman Sachs and founded Madison Park Financial Advisors. Mr. Chike Obi was hired in 2010 by former governor of The Central Bank of Nigeria, Sanusi Lamido, who entrusted MCO to manage the banking sector intervention project with the main objective of purchasing Non-Performing Loans (NPL) from commercial banks, re-capitalising the loans to sell off at lucrative bargains. In 2015, Mr. Mustafa Chike Obi was brazenly fired by President of Nigeria, Muhammadu Buhari. During MCO’s years at AMCON, the institution was known as one of the largest financial institutions in Nigeria with assets exceeding 5 Trillion Naira. Now that you know who Mustafa Chike Obi is, where is he?

Today, Mr. Mustafa Chike Obi spends his time between the USA and Nigeria.  He is the Vice Chairman of Alpha African Advisory. He believes another 4 years of President Buhari’s tenure would be disastrous for Nigeria. MCO has high potentials to be one of Nigeria’s foremost leaders in APC. His strong relationship with Former President Goodluck Jonathan helped him stay atop during his AMCON days. His non-existent relationship with current President Muhammadu Buhari has limited his leadership potentials in recent Nigeria. According to his official biography, MCO holds a Bachelor’s degree in Mathematics from University of Lagos (first class honors) and an MBA from Stanford University Graduate School of Business. As of today, he has no official or recognized political leadership but is expected to make a strong comeback in 2019. He focuses on running Alpha African Advisory based in Ikoyi, Lagos, Nigeria; a company with about 10 full-time employees.



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