AMCON: 67% Debtors Owing Five Trillion Naira Don’t Want To Pay - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 4
August 5, 2019
The Asset Management Corporation of Nigeria, AMCONhas established that the top 20 debtors who owe over 67 per cent of the 5trillion naira debt to AMCON have the wherewithal to pay but have intentionallyrefused to clear their debts.
According to the corporation, the debtors believethat the funds in their possession are part of their “national cake”.
The firm also said that it was working hard to getcourt approvals to take over some of the assets of the defaulters.
The Chairman AMCON, Muiz Banire recently revealedthat the corporation’s top 20 debtors owe 67 per cent of the 5 trillion nairadebt owed his firm.
Head of Corporate Affairs, AMCON, Jude Nwauzor saidthat the organisation had established that the major debtors did not want topay.
On why the corporation had not fully gone public toannounce the debtors, Nwauzor stated that it was because some of them had caseswith AMCON in court.