AMCON

The Asset Management Corporation of Nigeria has recovered nearly N1.4 trillion from obstinate debtors of Nigerian banks. Ahmed Kuru, AMCON’s Managing Director/Chief Executive Officer, stated this at a House of Representatives Committee on Banking and Currency retreat with AMCON management and other stakeholders. He stated that the Corporation has recovered almost N1.4 trillion, which includes cash N681 billion, property forfeiture N279 billion, share forfeiture N140 billion, and other strategic assets N208 billion. Similarly, Polaris Eligible Bank Assets have recovered a total cash recovery of about N116.9 billion from the date of acquisition to the present. The AMCON MD/CEO, who was […]