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Nairaland Forum / Nairaland / General / Politics / Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities (9474 Views)
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Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Bobloco: 5:37am On Dec 14, 2023 |
The senators said AMCON was not proactive in recovering liabilities totalling N5 trillion. Members of the Senate Committee on Banking, Insurance and Other Financial Institutions, on Wednesday, demanded the dissolution of the Asset Management Corporation of Nigeria (AMCON) over the failure to recover liabilities totalling N5 trillion. https://www.premiumtimesng.com/news/headlines/651387-senators-fume-demand-scrapping-of-amcon-over-n5trn-liabilities.html 2 Likes
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Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Ofunaofu: 5:41am On Dec 14, 2023 |
But some of these senators are amongst those owing AMCON Infact, one of them a Notorious AMCON ower, a senator from Anambra state who recently decamped to APC want to use Anambra state Treasury to settle his AMCON debt 62 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Cantonese: 5:48am On Dec 14, 2023 |
Jimoh Ibrahim keh? Of all people he is demanding for the scrapping of AMCON? Wonders shall never end, as they say. He has had running battles with AMCON for years, with a debt of 69.4 billion. He also had a case of tax fraud to the tube of 6.8 billion. He became popular during OBJ’s regime, after having controversially acquired NICON insurance, etc. How do we expect fairness from him, when he has oversight functions over the same organization that he is hugely indebted to? The same goes for Ifeanyi Ubah, whose indebtedness stood at 135 billion. After several years of litigation, settled out of court this year, with him making refunds to AMCON and subsequently defecting to APC. Pervasive poverty and destruction will not stop in this country until these horrible politicians are shown the way out. It will not stop until the citizens come to the realization that those they vote for simply share their common patrimony among themselves when they meet. 63 Likes 2 Shares |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by yinkus6750(m): 5:51am On Dec 14, 2023 |
So unfortunate that a debt / asset recovery agency, turned itself to a loss making business institution. They lost relevance through renegotiation of selling off viable businesses at little or nothing to the indebtedness of the financial institutions. A typical example is that if Arik Airline. Too much politics in every sector . I support it's scrapping , better than including loses and enriching private individuals . 11 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by crossfm: 5:59am On Dec 14, 2023 |
Hehehe. Clowns,if you see them shouting like this you will think they mean well for Nigerians. All they are looking for is settlement from the people heading the organization. It's a well thought out plan. Attack them in the open,then boom, brown envelopes and Ghana must go will be given in secret . We know the format well well . 28 Likes 1 Share |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Priesttheboss: 6:00am On Dec 14, 2023 |
Ok |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by GoodRocks: 6:06am On Dec 14, 2023 |
Idiots in power! They want to scrap it because they're unable to loot from there. I keep saying it by the time the okpolor eyes is done with Yolubbba people ehhh their eyes go clear. They would wished for obi to become president without election. Meanwhile everyone has tagged Tinubu as monumental failure. His score card is -0/10 7 Likes 3 Shares |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Flame333: 7:37am On Dec 14, 2023 |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Houseofglam7(f): 7:37am On Dec 14, 2023 |
🫤 |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by IJAWyouths11: 7:37am On Dec 14, 2023 |
Make everybody calm down abeg |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by GanagiBitrus: 7:37am On Dec 14, 2023 |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by meum: 7:38am On Dec 14, 2023 |
Jimoh Ibrahim & Ifeanyi Uba? Wonders don end finally 5 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by zoedew: 7:38am On Dec 14, 2023 |
Return the n160m Jeeps! |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by BTC2164i: 7:38am On Dec 14, 2023 |
2 Likes
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Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by KingLennon(m): 7:38am On Dec 14, 2023 |
They should transfer this anger to the president who has shattered our economy and expects us the citizens to pray for our economy to bounce back Stupid people |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by marlow1962(m): 7:39am On Dec 14, 2023 |
Ok |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by GboyegaD(m): 7:39am On Dec 14, 2023 |
They should also think of how to address where to move the staff to. 1 Like |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by specialmati(m): 7:40am On Dec 14, 2023 |
right left back.na only front remain confused mudafuckers at the helm of affairs |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Morbeta11(m): 7:42am On Dec 14, 2023 |
This one na vendetta na.....Jimoh Abrahim and Ifanyi Uba are in AMCON's wall fame 😂😂😂😂 12 Likes
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Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by remiopash: 7:42am On Dec 14, 2023 |
Ofunaofu: That is why they want AMCON to be dissolved so that they can lobby to install their cronies .Anyone that understands debt recovery in Nigeria will definitely understand that AMCON is not doing an easy job. Some assets of their debtors have depreciated due to lack of buyers e.t.c 3 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by maxiuc(m): 7:42am On Dec 14, 2023 |
Is Uba not among those owing Amcon Is jimoh Ibrahim not among Business men wey leave their multi million enterprises and Rush into politics 2 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by stano2(m): 7:45am On Dec 14, 2023 |
Settlement needed. We know them |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by maxiuc(m): 7:45am On Dec 14, 2023 |
Morbeta11:exactly same thing I just said now Pot calling kettle black 1 Like |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by contentmakerPRO: 7:47am On Dec 14, 2023 |
Na wa, even jimoh Ibrahim and Uba that have their properties confisticated by same amcon. You see why the country is fuckd up. How will there be fair hearing? I am very sure ,they lobby to be members of that committee so that they can achieve their evil aim, scrap amcon in other to get away with their stolen money. 4 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Difrent: 7:48am On Dec 14, 2023 |
Cantonese: The committee chairman really used wisdom here. He knows the attacks is coming from debtors and as a former bank chief knows the issues. Kudos Toks 4 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by SoNature(m): 7:48am On Dec 14, 2023 |
Instead of changing the leadership of AMCON for better administration, those people are calling for its scrapping because they and their friends are on its defaulters list. Nobody will scrap AMCON. 2 Likes |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by adioolayi(m): 7:48am On Dec 14, 2023 |
That's huge debts.. We can't fully blame AMCON...some of their strategies we read for news is to run affected companies to recoup funds. Selling them or stopping them from running will lead to massive job lose. |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by Svoboda(m): 7:48am On Dec 14, 2023 |
yinkus6750: According to the act setting it up, amcon actually has a shelf life. |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by NohurryInLife: 7:49am On Dec 14, 2023 |
Teicj82f: |
Re: Senators Fume, Demand Scrapping Of AMCON Over N5 Trillion Liabilities by bewla(m): 7:50am On Dec 14, 2023 |
Oga |
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