FG gets 30 percent on PHCN debts settlement - The Nation Nigeria

It said with the adoption of some management models, it has been able to save the Federal Government a total of N91billion of the N914 billion debt repayment.

Giving the breakdown, he said since NELMCO has no seed fund for its operation, it develops different models that would enhance due diligence for managing government’s liabilities. His words: “What I did say is that we developed a model the TVH Triangular Verification Model. As you aware we inherited distanded debt of the entire defunct PHCN which amounted to almost 914 billion and that model we put in place to enable us conduct due diligence on the inherited debt arising from that model.

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