N5tr Debts: Senate, AMCON Move Against High Profile Nigerian Defaulters - Liberty TV/Radio - News - Voice For All! Vision For Alll!
Editor 2
November 22, 2019
The Chairman, Senate Committee onBanking, Insurance and other Financial Institutions, Uba Sani says hiscommittee had resolved to join hands with the Asset Management Corporation ofNigeria AMCON to push for the recovery of five trillion naira debts owed byhigh profile Nigerians.
Sani in a statement madeavailable to newsmen said the decision was part of the outcome of the retreatorganised by AMCON for the committee in Kaduna.
He expressed concern over the debtprofile of AMCON, noting that the committee would liaise with other agencies toensure the recovery of the debts.
The Chairman also described astroubling and unacceptable that after sinking trillions of Naira into takingover non-performing loan assets of banks, the AMCON could only boast of 800billion naira assets as of the moment.