Topic: Reps to probe AMCON’s N5.4tr debt portfolio (Read 1659 times)

« **on:** September 25, 2019, 07:03:36 PM »

Reps to probe AMCON’s N5.4tr debt portfolio

By Levinus Nwabughiogu – Abuja

Members of the House of Representatives at Wednesday’s plenary resolved to investigate the debt portfolio of N5.4 trillion to Asset Management Corporation of Nigeria (AMCON) and the alleged unwillingness of some of the debtors to pay.

The House will also probe the insurance component of the debts, evaluate the status of the debts and the legal and other strategies to be deployed for the recovery of the debts.

The House mandated its Committees on Banking, Currency, and Insurance to carry out the investigation and recommend a time frame and other options such as amendment of the AMCON Act.

Continue reading Reps to probe AMCON’s N5.4tr debt portfolio at Vanguard News.

Source: Reps to probe AMCON’s N5.4tr debt portfolio

Subject / Started by	Replies	Last post
We’ve made progress in debt recovery, says AMCON Started by thenation Newspaper Board	0 Replies 1556 Views	September 20, 2016, 01:00:30 AM by thenation
Reps Order Probe of Etisalat Debt, Says Takeover Violate NCC Act Started by flukky-2 Newspaper Board	0 Replies 1497 Views	November 24, 2017, 01:08:56 AM by flukky-2
Reps Order Probe of Etisalat Debt, Says Takeover Violate NCC Act Started by flukky-1 Newspaper Board	0 Replies 1333 Views	November 24, 2017, 01:00:21 PM by flukky-1
Lagos State retains highest foreign debt portfolio – DMO Started by olutee Newspaper Board	0 Replies 1288 Views	August 30, 2018, 01:07:08 PM by olutee
Hurdles before AMCON’s N5.4tr debt recovery bid (1) Started by thenation Newspaper Board	0 Replies 1350 Views	June 17, 2019, 01:08:03 AM by thenation
Debtors Forfeit N264bn Worth of Properties As AMCON Retrieves N759bn Debt Started by sahara Newspaper Board	0 Replies 2362 Views	October 24, 2019, 01:00:46 PM by sahara
Jide Omokere Loses Property To AMCON Over N29bn Debt Started by sahara Newspaper Board	0 Replies 2644 Views	December 10, 2019, 07:00:29 PM by sahara
AMCON Takes over Pan Ocean’s Assets over N240bn Debt Started by thisday Newspaper Board	0 Replies 1199 Views	July 04, 2020, 07:05:19 AM by thisday
IGP Promises Police Support In AMCON’s Debt Drive Started by flukky-2 Newspaper Board	0 Replies 910 Views	September 15, 2021, 07:00:32 PM by flukky-2
AMCON seizes ex-gov Ahmed houses, freezes accounts over N5bn debt Started by olutee Newspaper Board	0 Replies 1158 Views	September 23, 2021, 01:10:59 AM by olutee

Topic: Reps to probe AMCON’s N5.4tr debt portfolio (Read 1659 times)

Reps to probe AMCON’s N5.4tr debt portfolio

Related Topics