N5trillion Debt Recovery: President Muhammadu Buhari Further Empowers AMCON

Following the recent signing into law the Asset Management Corporation of Nigeria (Amendment Act 2019) by President Muhammadu Buhari, the Corporation, we gather is set to go after some key persons among the top 350 high-profile debtors owing the agency over N5tn, it has been learnt. Buhari had on Wednesday announced the signing into law AMCON (Amendment Act 2019), which increases the powers of the corporation in enforcement of recovery of debt from persons owing legacy banks or seizure of property subject of loan obligation. With the development, the agency…

Read More