
The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually support the debt recovery efforts of Asset Management Corporation of Nigeria (AMCON). He said the support has become critical because AMCON remains a strategic national institution that plays important, and pivotal role in helping to stabilise the economy.
AMCON is saddled with the tough assignment of recovering nearly N5trillion owed the country by debtors who for years now hide under all manners of technicalities to tie AMCON up in different Courts to stall repayment. Sani who was represented by Senator Olubunmi Adetumbi however commended the management of AMCON for remaining resolute.
While appealing to sister agencies of the federal government and all stakeholders to support the recovery drive of AMCON, Sani also appreciated the contribution of the Inter-Agency Committee set up by the Federal Government sometime in 2019 to ensure that debtors are held accountable. The work of the committee has brought many obligors to the negotiation table. The Inter-agency Committee is chaired by Prof. Bolaji Owasanoye (SAN) who is also the Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC).
The committee is made up of heads and representatives of agencies including the Independent Corrupt Practices and Other Related Offences Commission (ICPC), the Economic and Financial Crimes Commission (EFCC), and the Nigerian Financial Intelligence Unit (NFIU). Others are heads of the Central Bank of Nigeria (CBN), the Nigeria Deposit Insurance Corporation (NDIC), the Federal Ministry of Justice and AMCON. They were expected to review the status of the huge debts owed to AMCON, deliberate on practical, legal and other strategies for the recovery of the outstanding debts.
Recall that it was also in a bid to tighten the noose on the obligors that in November 2021, President Muhammadu Buhari signed into law the Asset Management Corporation of Nigeria (Amendment) Act, amending the AMCON Act No.4, 2010. The Act provides for the extension of the tenor of the Resolution Cost Fund (RCF) 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… “to take possession, manage, foreclose or sell, transfer, assign or otherwise deal with the asset or property used as security for Eligible Bank Assets (EBAs), and related matters,’’ just to mention a few.
Sani spoke at one-day retreat, which held recently at the Zuma Rock Resort in Niger State. The retreat was themed: “Asset Recovery as a Tool for Enhanced Growth and Stability of the Banking Sector Sustaining the Impact and Bridging the Challenges of AMCON.”
slots free online
sim slots
myvegas slots free chips
cheap dissertation help in los angeles
dissertation examples
get help with dissertation
writing acknowledgement dissertation
writing a dissertation
dissertation help methodology
definition of dissertation
dissertation acknowledgement sample
dissertation methodology
online dissertation help
dissertation help near me
best dissertation writing
writing a dissertation in a day
18 month doctorate without dissertation
write your dissertation
phd dissertation help download
acknowledgements dissertation
professional writing service
help writing dissertation
dissertation completion pathway
dissertation editing services
dissertation help uk
dissertation thesis writing
defending your dissertation
dissertation help online free
writing paper help
dissertation template
dissertation uk help
marketing acknowledgement
dissertation help scam
best real money online casino
online casino with free signup bonus real money usa no deposit
betonline casino
writing a masters dissertation
mathematics dissertation help
phd dissertation
dissertation database
uf dissertation award
buy dissertations
free welcome bonus no deposit casino
best casino sites
online casino games that pay
dissertation fellowships
find a dissertation
dissertation help for phd candidates
casino bonus online
best casino online usa
cash casino games
what is a dissertation
writing a dissertation prospectus
writing services
no deposit casino online
casino no deposit free bonus
best online casino deposit bonuses
defending your dissertation
dissertation help methodology
how do i write a dissertation
best casino online
top usa online casinos
bingo casino online
online casino free bonus no deposit
best casino online
mobile casino online
live online casino usa
online mobile casino
bonus no deposit
mobile casinos for real money
best online casinos for us players
top online casinos
what is the best online casino for real money
online real money casino
kasino bonus
best casino online usa
online gambling reviews
best online casino for us players
free casino no deposit
casino play for real money
casino deposit bonus
top vpn rated services
best vpn for binance
fastest vpn services
free bonus casino
cherry jackpot casino
play bingo for real money
vpn online free
free vpn google chrome
cyber ghost vpn
play bingo for real money
no deposit on line casinos
mobile casino games for real money
buy vpn uk
vpn blocker free
free vpn download for windows
no deposit casino online
best online casino usa
best online us casinos
unlimited free vpn
best free vpn 2022
buy vpn with paypal
bonus no deposit
best online casino usa
real money casino
avast free vpn
free vpn for kodi
buy private vpn
casino no deposit bonus win real money usa
casinos sites
free sign up bonus no deposit casino
best vpn for macbook
vpn to change location free
vpn download