N4.4trn Debt: Some prominent Nigerians delaying AMCON’s recovery effort-Senate

N4.4trn Debt: Some prominent Nigerians delaying AMCON’s recovery effort-Senate

Advertisements
Advertisements

Sen. Uba Sani, Chairman, Senate Committee on Banking, Insurance and other Financial Institutions has decried that prominent Nigerians were “frustrating” the effort of the Asset Management Corporation of Nigeria (AMCON) at recovering the N4.4 trillion owed the corporation.

He stated this at a stakeholders symposium on “Consolidating the effectiveness of the asset recovery model adopted by AMCON” held on Friday at Zuma Rock Resort Niger State.

Advertisements

According to Sani, the road has not always been smooth for AMCON saying that for a long time, AMCON has been at the receiving end of well laid and orchestrated acts of economic sabotage.

“From the N4.4 trillion we are trying to recover, about 350 people in this country are responsible. This is about 83 per cent of the debt.

“This is very worrisome. This means that powerful Nigerians are the ones not willing to pay these loans. They have been employing different strategies and tactics to stall the repayment of loans running into trillions of Naira.

“A lot of highly placed Nigerians are not willing to support AMCON because most of those people are the ones that have taken this money from the banks and of course you know the government came in to set up AMCON to safe banks from getting down.

“But unfortunately, from what is happening, AMCON is finding it very difficult because those people are highly placed Nigerians, they try to frustrate AMCON’s effort through the judiciary and that is what we are looking.”

Sani assured the agency that his committee with other relevant committees of the senate would do everything within their power to assist AMCON in recovering the N4.4 trillion owed the company.

“It is tax payers money which the government used to bail out banks; of course to try to support the financial sector not to go down.

“Unfortunately, they are facing a lot frustration. We will do our best in the interest of our country and protecting the economy of this country and to support AMCON to succeed,” Sani said.

Managing Director AMCON, Alhaji Ahmed Lawan Kure while commending President Muhammadu for passing AMCON 2021 Amendment Bill into law, said, this would further enhance the corporation’s recovery powers in many aspects.

He said that the corporation has so far recovered over N1.4 trillion, which comprised of; cash N665 billion, property forfeiture N278 billion, disposed assets N141 billion, share forfeiture N139 billion and other strategic assets N207 billion.

On other challenges faced by the corporation, Kuru said that the slow pace of court processes and sometimes conflicting orders by the courts, frustrated recovery process.

Lawan further said that the Judiciary must be encouraged to respect the provisions of the law that required them to fast-track cases before them and issue certificate of judgement on property.

In a related development, Managing Director Nigeria Deposit Insurance Corporation (NDIC) Mr Bello Hassan said government was keen to provide confidence in the financial system.

This, he said was by putting in place financial safety net to promote financial system stability and support economic growth and development.

“The NDIC has taken important steps at ensuring safety of the Nigerian banks and protection of depositors, in line with its mandate.

“The Corporation had commenced supervisory measures for digital banks, as well as the enhancement of existing consumer protection measures, especially as regards digital deposit, through enhanced collaboration with other safety net players.”(NAN)

Advertisements

Leave a Reply

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

https://www.pa-demak.go.id/
https://banhub.kalselprov.go.id/css/data-taiwan/
https://banhub.kalselprov.go.id/css/data-sgp/
https://banhub.kalselprov.go.id/css/data-sdy/
https://banhub.kalselprov.go.id/css/data-macau/
https://banhub.kalselprov.go.id/css/data-hk/
https://banhub.kalselprov.go.id/css/data-cambodia/
https://darulaman.desa.id
https://mehos.ma/
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
https://bpbd.semarangkota.go.id/
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
https://abdipersadafm.kalselprov.go.id/.well-known/sites/prediksi-hongkong/
https://aduansiber.kalselprov.go.id/
https://banhub.kalselprov.go.id/.well-known/sites/keluaran-china/
https://biroadbang.kalselprov.go.id/.well-known/sites/prediksi-macau/
https://biroadpim.kalselprov.go.id/.well-known/sites/live-draw-china/
https://spark2d.com/
https://apsmexico.mx/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
https://telukrhu.desa.id/
https://e-jurnal.unisfat.ac.id/
https://smkmutiara.sch.id/
https://smkn1sedan.sch.id/
https://perusdambs.com/
https://ikahi.or.id/
https://pangkalannyirih.desa.id/
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
SLOT GACOR
SLOT GACOR
https://supportdch.com
https://teluklecah.desa.id
https://sukarjomesim.desa.id
https://hutanpanjang.desa.id
https://makeruh.desa.id
https://dungunbaru.desa.id
https://goteandonews.com
Juraganfilm
NAGAMAS69
NAGAMAS69
NAGAMAS69
seduniatoto
https://maxweb.id/wp-content/plugins/assets/bane/
https://maxweb.id/wp-content/plugins/assets/junk/cache/heavy/
https://pos.maxweb.id/wp-content/plugins/assets/backend/smarty/vosh/
https://pos.maxweb.id/wp-content/plugins/assets/backend/codemirror/valen/
https://krisbee.maxweb.id/wp-content/plugins/assets/backend/mode/
https://krisbee.maxweb.id/wp-content/plugins/assets/files/volunteer/
https://japota.maxweb.id/wp-content/plugins/assets/other/akhan/
https://japota.maxweb.id/wp-content/plugins/assets/common/
https://nusatangan.maxweb.id/wp-content/plugins/assets/backend/common/heavy/
https://nusatangan.maxweb.id/wp-content/plugins/assets/codemirror/vaken/
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
https://pn-maros.go.id/components
gudanggameslot
infoslotreview
maxwinslotgame
reviewslotharian
slotgamecentral
Situs Slot Asiabet118
Link Slot ROYAL188
Daftar Slot ULTRA88
Slot Gacor HAPPYSLOT
Link Alternatif Slot FAFAJP
Situs Slot Gacor TOTOKING4D
Link Slot Gacor RATUKING4D
https://idbetdaftar.com/
slot gacor
Slot PragmaticDemo PG Soft
PG Soft Mahjong
Mahjong Ways>
Raja Mahjong
Slot Demo PG Soft
Link Slot Mahjong
Hitam Slot
https://wangiwarna.com/
https://suzukitegalbrebespemalang.com/
https://roadsweeper.id/
https://renovasiaja.com/
https://lemonsproduction.id/
https://ebeliku.com/
https://lesprivateq.com/
https://reksainti.com/
https://kopidan.com/
https://rsiagrandfamily.com/
https://syahdinaland.com/
https://geometri.co.id/
https://globalmultiteknik.com/
https://jungheinrichforkliftindonesia.com/
https://lagibokek.com/
https://openriset.id/
https://sglind.com/
https://berriesdiapers.com/
https://fiore.id/
https://paperondesign.com/
jpslot
halojp
https://38.47.180.29/
https://recreate68.org
https://octavia-brown.com
https://jacklang.net
https://themindinspired.org
https://restful-labs.com
https://redhooklondon.com
https://thecreepshow.org
https://1dream1tree.com
https://dasarme.org
https://revolutioninkindness.org
https://chicmagz.com
https://jonsimsctr.org
https://getagripamerica.com
https://handsoffmygrandma.com
https://wwwofficecomsetupkey.com
https://crustapunks.org
https://linnwood.org
https://repubblica24.com
https://jerryweller.com
https://joshanjed.com
https://jagokitchenset.com
https://tradeshw.com
Situs Slot
Slot Gacor
Slot Online
Slot Hoki
Slot Maxwin
Infini88
infini 88
HItam Slot
Slot Scatter Hitam
Situs Slot Scatter Hitam
Slot Infini88
Slot VIP
Situs Slot VIP
Slot VIP Member
Slot Resmi
Situs Slot Resmi
Scatter Hitam Resmi
Slot Scatter Hitam Resmi
Login Slot Resmi
Daftar Slot Resmi
Hitam Slot Resmi
Infini88 Resmi
Link Infini88 Slot
Infini88
infini 88
https://www.pa-demak.go.id/
https://banhub.kalselprov.go.id/css/data-taiwan/
https://banhub.kalselprov.go.id/css/data-sgp/
https://banhub.kalselprov.go.id/css/data-sdy/
https://banhub.kalselprov.go.id/css/data-macau/
https://banhub.kalselprov.go.id/css/data-hk/
https://banhub.kalselprov.go.id/css/data-cambodia/
https://darulaman.desa.id
https://mehos.ma/
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot gacor
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
slot kamboja
https://bpbd.semarangkota.go.id/
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
DATA HK
https://abdipersadafm.kalselprov.go.id/.well-known/sites/prediksi-hongkong/
https://aduansiber.kalselprov.go.id/
https://banhub.kalselprov.go.id/.well-known/sites/keluaran-china/
https://biroadbang.kalselprov.go.id/.well-known/sites/prediksi-macau/
https://biroadpim.kalselprov.go.id/.well-known/sites/live-draw-china/
https://spark2d.com/
https://apsmexico.mx/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
https://telukrhu.desa.id/
https://e-jurnal.unisfat.ac.id/
https://smkmutiara.sch.id/
https://smkn1sedan.sch.id/
https://perusdambs.com/
https://ikahi.or.id/
https://pangkalannyirih.desa.id/
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
Scatter hitam
SLOT GACOR
SLOT GACOR
https://supportdch.com
https://teluklecah.desa.id
https://sukarjomesim.desa.id
https://hutanpanjang.desa.id
https://makeruh.desa.id
https://dungunbaru.desa.id
https://goteandonews.com
Juraganfilm
NAGAMAS69
NAGAMAS69
NAGAMAS69
seduniatoto
https://maxweb.id/wp-content/plugins/assets/bane/
https://maxweb.id/wp-content/plugins/assets/junk/cache/heavy/
https://pos.maxweb.id/wp-content/plugins/assets/backend/smarty/vosh/
https://pos.maxweb.id/wp-content/plugins/assets/backend/codemirror/valen/
https://krisbee.maxweb.id/wp-content/plugins/assets/backend/mode/
https://krisbee.maxweb.id/wp-content/plugins/assets/files/volunteer/
https://japota.maxweb.id/wp-content/plugins/assets/other/akhan/
https://japota.maxweb.id/wp-content/plugins/assets/common/
https://nusatangan.maxweb.id/wp-content/plugins/assets/backend/common/heavy/
https://nusatangan.maxweb.id/wp-content/plugins/assets/codemirror/vaken/
Slot Gacor
Slot Gacor
Slot Gacor
Slot Gacor
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot Thailand
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
Slot MPO
https://pn-maros.go.id/components
gudanggameslot
infoslotreview
maxwinslotgame
reviewslotharian
slotgamecentral
Situs Slot Asiabet118
Link Slot ROYAL188
Daftar Slot ULTRA88
Slot Gacor HAPPYSLOT
Link Alternatif Slot FAFAJP
Situs Slot Gacor TOTOKING4D
Link Slot Gacor RATUKING4D
https://idbetdaftar.com/
slot gacor
Slot PragmaticDemo PG Soft
PG Soft Mahjong
Mahjong Ways>
Raja Mahjong
Slot Demo PG Soft
Link Slot Mahjong
Hitam Slot
https://wangiwarna.com/
https://suzukitegalbrebespemalang.com/
https://roadsweeper.id/
https://renovasiaja.com/
https://lemonsproduction.id/
https://ebeliku.com/
https://lesprivateq.com/
https://reksainti.com/
https://kopidan.com/
https://rsiagrandfamily.com/
https://syahdinaland.com/
https://geometri.co.id/
https://globalmultiteknik.com/
https://jungheinrichforkliftindonesia.com/
https://lagibokek.com/
https://openriset.id/
https://sglind.com/
https://berriesdiapers.com/
https://fiore.id/
https://paperondesign.com/
jpslot
halojp
https://38.47.180.29/
https://recreate68.org
https://octavia-brown.com
https://jacklang.net
https://themindinspired.org
https://restful-labs.com
https://redhooklondon.com
https://thecreepshow.org
https://1dream1tree.com
https://dasarme.org
https://revolutioninkindness.org
https://chicmagz.com
https://jonsimsctr.org
https://getagripamerica.com
https://handsoffmygrandma.com
https://wwwofficecomsetupkey.com
https://crustapunks.org
https://linnwood.org
https://repubblica24.com
https://jerryweller.com
https://joshanjed.com
https://jagokitchenset.com
https://tradeshw.com
Situs Slot
Slot Gacor
Slot Online
Slot Hoki
Slot Maxwin
Infini88
infini 88
HItam Slot
Slot Scatter Hitam
Situs Slot Scatter Hitam
Slot Infini88
Slot VIP
Situs Slot VIP
Slot VIP Member
Slot Resmi
Situs Slot Resmi
Scatter Hitam Resmi
Slot Scatter Hitam Resmi
Login Slot Resmi
Daftar Slot Resmi
Hitam Slot Resmi
Infini88 Resmi