The Asset Management Corporation of Nigeria, AMCON has established that the top 20 debtors who owe over 67 per cent of the 5 trillion naira debt to AMCON have the wherewithal to pay but have intentionally refused to clear their debts.
According to the corporation, the debtors believe that the funds in their possession are part of their “national cake”.
The firm also said that it was working hard to get court approvals to take over some of the assets of the defaulters.
The Chairman AMCON, Muiz Banire recently revealed that the corporation’s top 20 debtors owe 67 per cent of the 5 trillion naira debt owed his firm.
Head of Corporate Affairs, AMCON, Jude Nwauzor said that the organisation had established that the major debtors did not want to pay.
On why the corporation had not fully gone public to announce the debtors, Nwauzor stated that it was because some of them had cases with AMCON in court.
