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Intensify Efforts To Recover Our Commonwealth From Debtors- AMCON MD Charges Stakeholders

 

For the umpteenth time, the Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Kuru has reminded stakeholders to view the AMCON recovery as an important national mandate

Kuru made the call at the weekend in two separate engagements with AMCON External Solicitors, and Receivers as well as Asset Management Partners (AMPs) in Lagos.

He said that the call become important because AMCON was not set up to operate in perpetuity as the Corporation has a sunset period thus the need to apply speed in the collective recovery assignment.

The AMCON CEO who was represented at the interactive sessions by Mr Benedict Daminabo, the Group Head, Asset Management Directorate in the Corporation, said that if at sunset AMCON was unable to recover the huge debt, which stood at over N4trillion, it becomes the debt of the Federal Government, which he said would have huge implication on taxpayers’ monies.

He described the engagement, which was AMCON’s first major interaction with stakeholders in 2023 in Lagos as very important, and strategic to the recovery efforts of AMCON.

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