As the noose on obligors of Asset Management Corporation of Nigeria (AMCON) tightens in line with its latest enforcement strategy, Justice Nnamdi Dimgba of the Federal High Court, Asaba at the weekend reechoed the fact that the task to strengthen AMCON’s recovery drive remains a national concern and a huge burden to the judiciary and the country as a whole. He therefore called for concerted efforts from critical stakeholders especially the judiciary to enable AMCON recover the over N5trillion outstanding debt. Dimgba was one of the guest speakers at the 2019 Annual Seminar for External Solicitors and Asset Management Partners (AMPs), which ended at Eko Hotel, Lagos at the weekend.
Mr. Ahmed Lawan Kuru, Managing Director/CEO of AMCON had set the tone of discussion when he called on AMCON council and Asset Management Partners (AMPs) to take advantage of the special provision on accelerated hearing of AMCON matters since the Practice Rules allow the courts to sit from day-to-day, even on the weekends, at their discretion. The AMCON boss said AMCON has noticed increased incidences of obligors taking advantage of the appeal process to deny the corporation the benefit of favourable judgments obtained. He however disclosed that AMCON was now conscious of the availability of the opportunity to request the courts to order litigants to deposit judgment consideration with the court registrars, which he said will mitigate the practice of obligors deliberately dragging their matters in court.
Justice Dimgba who delivered a paper titled “Responsibilities and Liabilities of Receivers/Managers Under the AMCON Regime and the Relevance of Winding-up/Bankruptcy Proceedings and Liquidation in AMCON’s Recovery Drive,” called on the judiciary to partner AMCON to ensure that the corporation meets its mandate before its sunset, which is fast approaching. He said the issue of AMCON’s recovery drive has become complex question that has vexed the thoughts and deliberations of policy makers; AMCON executives; and even the average Nigerian citizen (as AMCON oversees funds that trace their roots to the taxpayer).
Supporting the position of Kuru, Dimgba also challenged AMCON’s external council to familiarize themselves with the laws of the country, the AMCON Act as amended; the practice direction; the Federal High Court AMCON Proceeding Rules 2018 and the Federal High Court Alternative Dispute Resolution (ADR) Rules, 2018, which he said will better equip them to reasonably assist AMCON as well as the nation recover the humongous debt obligation of AMCON.
Dimgba, said the success of AMCON in this light will help stabilize the economy of Nigeria, adding that it was sad that AMCON’s attempts to recover value from the non-performing loans stands at a paltry 20 per cent. In the light of growing agitations for salary increases, investments in the tertiary, and improved healthcare, the judge disclosed that these alarming figures therefore required all stakeholders to assist AMCON to fully utilize its statutory powers, in order to deliver its mandate under the AMCON Act, just as the country’s economy stands to benefit a lot from the recovery.
He said, “At the time its enactment in 2010, the letter and spirit of the AMCON Act was not too different from the laws on insolvency and bankruptcy that had hitherto existed in the country in that its chief aim was to ensure that the creditors of a financially sick company did not suffer total loss of their investments in the said company. The general feeling appears to be that the AMCON Act was pro-creditors. Thus, even though hailed for being innovative in many regards, as at the time it was enacted, no commendations could have been due on the basis of being interested in the business rescue of the debtor-company.
“However, the amendment to the AMCON Act in 2015, which was a response from the calls by stakeholders, gave AMCON the additional responsibility to do what is legally possible and reasonable to “recover” the finances of the ailing company and make it financially viable again.”
Also speaking at the seminar tagged “The Dynamic and Proactive Deployment of AMCON Special Powers and Alternative Dispute Resolution in the Effective and Efficient Resolution of Troubled Assets,” which was co-organised by Legal Academy led by Dr. Fatihu Abba; Mr. Francis Chuka Agbu SAN, PhD, the Managing Partner of Lexavier Partners; Justice A. .M Liman; Justice I.N.Buba; JusticeC.M.A. Olatoregun and Mr. Olugbenga Bello were unanimous in urging AMCON’s external council go all out to assist AMCON meet its mandate.
Vibracion del motor
Dispositivos de calibración: importante para el funcionamiento fluido y efectivo de las maquinarias.
En el entorno de la innovación moderna, donde la eficiencia y la fiabilidad del aparato son de máxima trascendencia, los dispositivos de ajuste juegan un función vital. Estos equipos especializados están creados para balancear y asegurar piezas giratorias, ya sea en dispositivos de fábrica, transportes de transporte o incluso en electrodomésticos caseros.
Para los expertos en mantenimiento de equipos y los ingenieros, utilizar con sistemas de equilibrado es fundamental para proteger el desempeño estable y fiable de cualquier dispositivo rotativo. Gracias a estas opciones tecnológicas modernas, es posible reducir sustancialmente las sacudidas, el sonido y la carga sobre los sujeciones, extendiendo la tiempo de servicio de elementos caros.
Asimismo relevante es el tarea que tienen los sistemas de balanceo en la atención al consumidor. El ayuda profesional y el soporte continuo empleando estos aparatos permiten proporcionar asistencias de óptima calidad, incrementando la satisfacción de los clientes.
Para los responsables de emprendimientos, la contribución en equipos de equilibrado y medidores puede ser esencial para incrementar la eficiencia y desempeño de sus equipos. Esto es principalmente importante para los inversores que gestionan pequeñas y medianas negocios, donde cada elemento cuenta.
Por otro lado, los dispositivos de ajuste tienen una amplia uso en el sector de la seguridad y el control de estándar. Habilitan identificar eventuales errores, impidiendo intervenciones costosas y averías a los equipos. Además, los resultados obtenidos de estos dispositivos pueden emplearse para maximizar sistemas y incrementar la presencia en sistemas de investigación.
Las sectores de implementación de los equipos de balanceo incluyen variadas industrias, desde la producción de transporte personal hasta el control del medio ambiente. No importa si se habla de importantes fabricaciones productivas o limitados locales hogareños, los sistemas de calibración son necesarios para asegurar un rendimiento óptimo y sin presencia de detenciones.
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