• About
  • Advertise
  • Privacy & Policy
  • Contact
Page3News
Advertisement
  • About Us
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Foreign News
  • Features
  • Opinion
No Result
View All Result
  • About Us
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Foreign News
  • Features
  • Opinion
No Result
View All Result
Page3News
No Result
View All Result
Home News

AMCON submits list of 1,000 debtors ‘holding Nigeria to ransom’ to National Assembly

Page3News by Page3News
November 20, 2021
in News
0
AMCON submits list of 1,000 debtors ‘holding Nigeria to ransom’ to National Assembly
0
SHARES
143
VIEWS
Share on FacebookShare on Twitter

In a spirited move to recover debts owed it, the Asset Management Corporation of Nigeria (AMCON) on Friday submitted a list of its top 1,000 debtors to the National Assembly.

The names were submitted to the House of Representatives Committee on Banking and Currency at the just concluded retreat of the committee in Lagos.

This came moments after President Muhammadu Buhari signed into law the Asset Management Corporation of Nigeria (Amendment) Act.

The AMCON Act provides for the extension of the tenor of the resolution cost fund and grants access to the Special Tribunal established by the Banks and other Financial Institutions Act 2020, which confers on AMCON the power to, among others, “take possession, manage, foreclose or sell, transfer, assign or otherwise deal with the asset or property used as security for Eligible Bank Assets, and related matters.”

The Chairman of the House of Representatives Committee on Banking and Currency, Mr Victor Nwokolo, who received the list from the Managing Director/Chief Executive Officer of the corporation, Mr Ahmed Kuru, was quoted as saying that the committee called for the list so that the National Assembly would know “those holding the country to ransom.”

He said this would enable the lawmakers to meet with relevant agencies of the Federal Government on how to further deal with the debtors to ensure the realisation of AMCON’s mandate in the overall interest of the Nigerian economy.

Nwokolo, who commended the commitment of the Kuru-led agency, said the corporation had been operating under a very difficult condition since its establishment, adding that this had been made worse by the COVID-19 pandemic.

He said the harsh economic realities caused by COVID-19 meant that “the recovery assignment AMCON is doing for the country has been further compounded, which is why the National Assembly is looking at ways of further supporting the recovery drive.”

Tags: Asset Management Corporation of Nigeria (AMCON)Chairman of the House of Representatives Committee on Banking and CurrencyHouse of Representatives Committee on Banking and CurrencyManaging Director/Chief Executive Officer of the corporationMr Ahmed KuruMr Victor NwokoloSpecial Tribunal established by the Banks and other Financial Institutions Act 2020
Previous Post

Biden confirms for first time US considering diplomatic boycott of Beijing 2022

Next Post

INCREDIBLE! Man Sells Son For N350,000, Lies To Mother Baby Died

Page3News

Page3News

Next Post
INCREDIBLE! Man Sells Son For N350,000, Lies To Mother Baby Died

INCREDIBLE! Man Sells Son For N350,000, Lies To Mother Baby Died

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FG Appoints Osifo DG National Population Commission

FG Appoints Osifo DG National Population Commission

August 12, 2022
JUST IN: Okonjo-Iweala’s son, Uchechi, breaks medical record in the US

JUST IN: Okonjo-Iweala’s son, Uchechi, breaks medical record in the US

October 28, 2021
FG Calls For Calm As Foreign Terrorists Set Date For Abuja Invasion

FG Calls For Calm As Foreign Terrorists Set Date For Abuja Invasion

December 23, 2021
Lagos State Introduces Residential Parking Levy

Lagos State Introduces Residential Parking Levy

August 26, 2022
Cynosure Sees Red, Concedes 1st Goal at Unity Preseason Tournament

Cynosure Sees Red, Concedes 1st Goal at Unity Preseason Tournament

2
JUST IN: Security Agencies Rescue Abducted Victims of University of Abuja

JUST IN: Security Agencies Rescue Abducted Victims of University of Abuja

1
I’ll Have To Live With Penalty Miss, Says Kane

I’ll Have To Live With Penalty Miss, Says Kane

1
Facebook changes company name to Meta

Facebook changes company name to Meta

1
AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

March 19, 2023
2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

March 18, 2023
UK Healthcare Workers To Decide On New Pay Offer By End Of April – Unions

UK Healthcare Workers To Decide On New Pay Offer By End Of April – Unions

March 17, 2023
2023 Election: Police Nab Woman With Laminated INEC Materials

2023 Election: Police Nab Woman With Laminated INEC Materials

March 17, 2023

Recent News

AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

March 19, 2023
2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

March 18, 2023
UK Healthcare Workers To Decide On New Pay Offer By End Of April – Unions

UK Healthcare Workers To Decide On New Pay Offer By End Of April – Unions

March 17, 2023
2023 Election: Police Nab Woman With Laminated INEC Materials

2023 Election: Police Nab Woman With Laminated INEC Materials

March 17, 2023
Page3News

We bring you news from around the world as it breaks

Follow Us

Browse by Category

  • Business
  • Economy
  • Education
  • Energy
  • Entertainment
  • Environment
  • Features
  • Foreign News
  • Health
  • ICT
  • Judiciary
  • Legislature
  • News
  • Opinion
  • Politics
  • Press Release
  • Sports
  • Uncategorized

Recent News

AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

AFCON 2023 Race: Simon, Ndidi, Iheanacho Early Birds In Super Eagles’ Camp

March 19, 2023
2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

2023 Election: Security Concerns Force INEC Postpone Gov, Assembly Elections In 10 Lagos Polling Units

March 18, 2023
  • About Us
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Foreign News
  • Features
  • Opinion

© 2021 Page3News

No Result
View All Result
  • About Us
  • News
  • Business
  • Politics
  • Sports
  • Entertainment
  • Foreign News
  • Features
  • Opinion

© 2021 Page3News