The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, stated this at a stakeholders’ symposium titled, ‘Consolidating the effectiveness of the asset recovery model adopted by AMCON,’ in Abuja.
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. “Of the N4.4trn 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 took this money from the banks and of course you know the government came in to set up AMCON to save banks from going down.”
OgodoLouis Imagine mama chinedu embarrassing me bcos of 4k 😭
That’s outrageous. Who are these 350 people?
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.
350 Nigerians frustrating AMCON's N4.4tn debt recovery efforts —Senate - Punch NewspapersThe most widely read newspaper in Nigeria Lol
Source: MobilePunch - 🏆 8. / 63 Read more »
FCTA Shares N4.476bn To Area Councils, StakeholdersFederal Capital Territory Administration (FCTA) has disbursed a total sum of N4,476,067,191.05billion to the six area councils in the FCT and other
Source: LeadershipNGA - 🏆 4. / 77 Read more »
350 Nigerians frustrating AMCON's N4.4tn debt recovery efforts —Senate - Punch NewspapersThe most widely read newspaper in Nigeria Lol
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 »
Pictorial: PDP national leaders in closed-door meeting at Orji Kalu's Abuja residenceNational leaders of the Peoples Democratic Party on Thursday visited the Senate Chief Whip, Orji Uzor Kalu, at his residence in Abuja. Kini gbogbo rubbish yi Enjoyment men. 👍 See foolish people at the highest level.
Source: MobilePunch - 🏆 8. / 63 Read more »
PDP National Chairman-elect mourns Senator WayasNational Chairman-elect of the Peoples Democratic Party (PDP), Dr Iorchia Ayu on Thursday mourned the demise of the former Senate President, in the Second
Source: DailyPostNGR - 🏆 11. / 59 Read more »