THE vice president of Nigeria, Professor Yemi Osinbajo, SAN, received an Interim Report, coming from an inter-agency committee which is established to assist in recovering the debts owed to Asset Management Corporation of Nigeria (AMCON).
The committee, which was led by the Chairman, Bolaji Owasonoye, presented the Interim Report to VP Osinbajo yesterday at the Presidential Villa in Abuja.
In response, VP Osinbajo assured the committee that the government will look into the report and act upon it accordingly.
The chairman of the Committee, Mr. Owasonoye also presented an advisory to the Federal Government which noted that, “all AMCON debtors must not be allowed to transact business or enjoy patronage with any government agency whatsoever, except clearance is obtained from AMCON on the debt status of such obligors.”
He also added that “Between 2020 and 2021, AMCON made significant recoveries which is highlighted in the report. Within the period under review, AMCON witnessed 10% growth in the recovery performance across various asset classes.
“For instance, in the year, 2020, the sum of N146 Billion was recovered, while in 2021 the sum of N161 Billion was also recovered. The recovery outlook for 2022 is also looking positive and the Committee will not relent in its effort in engendering more recoveries.”
In attendance at the meeting were Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru, and representatives of agencies including the ICPC, Federal Ministry of Justice; Nigerian Financial Intelligence Agency; Nigerian Deposit Insurance Corporation; Central Bank of Nigeria; Department of State Services; and the Economic and Financial Crimes Commission.