The Senate on Friday lamented that efforts to recover the N4.5trn owed the Asset Management Corporation of Nigeria were being frustrated by 350 prominent Nigerians.
Sani said, “The road has not always been smooth for AMCON. For a long time, AMCON has been at the receiving end of well laid and orchestrated acts of economic sabotage. “They have been employing different strategies and tactics to stall the repayment of loans running into trillions of Naira. 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 trn owed the company.
The Managing Director of AMCON, Alhaji Ahmed Kuru commended the President, Major General Muhammadu Buhari , for passing the AMCON 2021 Amendment Bill into law.He said the development would further enhance the corporation’s recovery powers in many aspects.He said details of the recovery included which cash of N665bn; property forfeiture N278bn; disposed assets N141bn; share forfeiture N139bn and other strategic assets N207bn.
Lol
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate panel faults aviation ministry over NG Eagle operating licence - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Dennis is not normal, Ranieri hails Nigerian - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Senate panel rejects N323m productivity allowance for NAFDAC workers - Punch NewspapersThe most widely read newspaper in Nigeria
Source: MobilePunch - 🏆 8. / 63 Read more »
Omo-Agege became Deputy Senate President as compensation, says Lasun - Punch NewspapersA former Deputy Speaker of the House of Representatives, Lasun Yusuff, has said Senator Ovie Omo-Agege was made the Deputy Senate President as a compensation for the role he played in the disputed All Progressives Congress 2018 governorship primary in Osun State. Correct As compensation for invading the NASS and made away with the staff of authority... Anyway, politics nah paddy paddy business, that's why we're failing because it's not about incompetency We already know..
Source: MobilePunch - 🏆 8. / 63 Read more »
SGF, Atiku, Ayu, others mourn ex-senate president, Wayas - Punch NewspapersJoseph Wayas Ohh! Them dey die
Source: MobilePunch - 🏆 8. / 63 Read more »
UAE bizmen invest $2bn in Nigerian mining sector - Punch NewspapersThe most widely read newspaper in Nigeria The wealth middle east UAE nations are diversifying into other areas but investing in our natural resources ,which confirms how western capitalism give wealthy nation and their corporations opportunity to run Africa natural resources since govt are not suppose to run resources Anyone can make pledge, the facts are no reasonable investor will bring their money into a market or country characterized by insecurity, unstable exchange rate, delay in justices jurisprudence, authoritarian regime. MBuhari government should stop fooling themselves.
Source: MobilePunch - 🏆 8. / 63 Read more »