Debts: Nigeria Moves To Recover N5tr Owed AMCON - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Publisher (F.BA)
September 18, 2019
The Federal Governmenthas begun a move to recover over five trillion naira outstanding debts owed theAsset Management Corporation of Nigeria AMCON.
The government hasformally inaugurated an inter-agency committee to speedily resolve thechallenges in recovering the debts.
Vice President YemiOsinbajo, who inaugurated the committee at the Presidential Villa, Abuja,charged its members to turn the tide in what has been a difficult process wheredebtors have continued to default in their payment obligations.
A statement by theSenior Special Assistant on Media and Publicity to the vice president, LaoluAkande, explained that about 67 per cent of the outstanding 5 trillion nairadebt is being owed by just 20 individuals/entities.
Osinbajo, whoadmonished the committee, which would be chaired by the Chairman, IndependentCorrupt Practices and other related offences Commission ICPC, Bolaji Owasanoye,to exhibit patriotism in the discharge of the mandate, expressed confidence inthe expertise of the team to carry out the task ahead.