Tag Archives: AMCON

Firms, 350 individuals owe us N3.6 trn, says AMCON

Asset Management Corporation of Nigeria (AMCON) has revealed that 350 debtors owe the agency N3.6 trillion, According to AMCON, the amount is higher than the N3.12 trillion budgeted this year by the Federal Government for debt servicing. It added that the huge amount is recovered, would be enough to complete some projects in the country, including the moribund Ajaokuta Steel ...

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AMCON boss laments difficulties in recovery of debts

Many may still remember the birth of the Asset Management Company of Nigeria (AMCON) but may not understand the reality of what the firm has been facing in its bid to prevent further damage to the nation’s economy. The Managing Director, Ahmed Kuru gave an insight into how difficult it is get back the non-performing loan or bad debts. In ...

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