The Asset Management Corporation of Nigeria (AMCON) has provided a list of its top 1,000 obligors to the National Assembly, in the latest effort by the organization to recoup debts owed it.
The names were submitted to the House of Representatives Committee on Banking and Currency at the just concluded retreat of the committee in Lagos.
The submission was made moments after President Muhammadu Buhari signed into law the Asset Management Corporation of Nigeria (Amendment) Act.
House of Representatives Committee on Banking and Currency Chairman Victor Nwokolo, who received the list from AMCON Managing Director, Ahmed Kuru, said the committee called for the names to enable them to know those indebted to the country, and devise ways of recovering the debts.
Nwokolo expressed relief that the President has signed the Amended AMCON Act into Law as the National Assembly was considering punitive measures in dealing with those whose names made the top 1,000 AMCON debtors’ list.
This Act, according to him, will help AMCON to recover the huge outstanding debt, which will ensure that the aim of the Federal Government of Nigeria in setting up AMCON in 2010 is not defeated.
