https://nextedition.com.ng/2019/05/13/well-deal-with-amcon-debtors-fg/


The Vice-President, Prof Yemi Osinbajo, has said the Federal Government will use some individuals and organisations on the list of high-profile obligors of Asset Management Corporation of Nigeria (AMCON), as example to others to deter others from owing.

He said the federal government would stop doing business with the debtors.

According to the Vice President, who spoke when AMCON Management led by the Board Chairman, Muiz Banire paid him a visit at the State House Abuja, such individuals and groups, had made it impossible for the corporation to resolve its outstanding N5tn debt, thereby holding the entire nation to ransom with their bad behaviour.

He said, “I think the time has come for us (Federal Government) to set some examples with some of these top debtors of AMCON, which I believe will set a good example and serve as deterrent to others.”

In a statement issued by AMCON, Osinbajo said he was impressed with the performance of the executive management of AMCON under the leadership of Ahmed Kuru, for the recovery successes that had been achieved so far against all odds.

He promised Federal Government’s support to the corporation for it be able to pursue the obligors that had remained recalcitrant.

He said, “I congratulate AMCON for the work done so far having recovered over N1tn and counting both in cash and in assets. The work you do as a recovery agency is not something that is particularly easy or encouraging because we all know how Nigeria works.

“But we are committed to working more closely with your administration to ensure that these monies are recovered from AMCON obligors, because it will help our economy and provide the government with more money to continue to improve on the development of infrastructure across the nation.”

Chairman of AMCON’S board, Banire in his remarks said their visit was to congratulate President Muhammadu Buhari and the Vice President on their victory at the recent polls using the opportunity to highlight some of the challenges faced by AMCON as a result of the attitudes of some debtors.