Ahmed Kuru, managing director (MD) of the Asset Management Corporation of Nigeria (AMCON), says the corporation has succeeded in recovering N644 billion.
Kuru disclosed this at a media briefing in Lagos, stating that the financial institution is on its way to achieving its objective of retrieving acquired bad debts in the Nigerian financial system.
He further disclosed that seeking court orders in retrieving debts and sealing up companies was necessitated by many years of non-compliance from its debtors.
More to follow…
Subscribe to:
Post Comments
(
Atom
)
Trending News
-
Jose Mourinho has been given a one-match stadium ban and fined £50,000 after he admitted a breach of FA Rules in relation to post-match med...
-
A former Speaker of the House of Representatives, Mr Yakubu Dogara, has said with the intractable security challenge in Nigeria, some part...
-
Manchester City are set to offer Riyad Mahrez a new contract after the winger played a starring role in the club’s Premier League-winning ...
-
Manchester City sealed their place in next season’s Champions League by crushing Watford to finish third in Pep Guardiola’s debut season....




Post a Comment
Post a Comment