AMCON is debt recovery agency of the year

By Our Reporter (with agency report)
For the third time this year, the Asset Management Corporation of Nigeria (AMCON) was at the weekend honoured as “Debt Recovery Agency of the Year 2016,” by Nigeria NewsDirect newspapers, a business publication during the 6th edition of its annual lecture/award ceremony in Lagos.
Dr. Samuel Ibiyemi, publisher Editor-in-Chief of the newspaper said AMCON in 2016 was the undisputed debt recovery agency in Nigeria given its huge contribution to the economy with the recovery of over N681.5billion from chronic debtors that were hitherto recalcitrant before the arrival of the current management of AMCON led by Mr. Ahmed Kuru as Managing Director/Chief Executive Officer.
Aside from that, he said it was no mean feat that AMCON oversees assets worth over N5trillion in critical sectors of the economy. This he said was in addition to AMCON’s earlier intervention in the banking sector, which ensured that banks in Nigeria did not go under among other achievements. He said it was for these reasons and more that the Editorial Board of the daily newspaper unanimously agreed that AMCON, which he described as a ‘worthy government agency,’ needed to be singled out for commendation for the service they are doing to the nation.
It would be recalled that Kuru also emerged winner of CEO of The Year at the 13th edition of the Excellence Recognition Awards organized in Lagos annually by Global Excellence magazine. Again earlier in January, Kuru was also announced winner of African Best Rated CEO of The Year at the second edition of the National Development Forum (NDF)/award ceremony organized by African Development Magazine, an international news publication.
In his speech at the event, the AMCON boss commended the management and staff of Nigeria NewsDirect newspapers for initiating and sustaining the award in the last six years and for the recognition of AMCON. Kuru said, “Given the nature of the assignment of AMCON, awards such as this usually come to us as a surprise. It surprising that the publisher and members of the editorial Board of Nigeria NewsDirectnewspapers recognize the challenging work AMCON was doing for the country. I thank you for this award and promise that we will continue to go about our assignment in the most professional and transparent manner for the good of our great country.” Kuru who was represented at the ceremony by Mr. Jude Nwauzor, Head of Corporate Communications at AMCON said the Corporation would continue to partner with the newspaper because of its penchant for developmental journalism practice, which is highly commendable.

Other winners at the event include President of Dangote Group, Alhaji Aliko Dangote, who emerged as Man of The Year as well as Entrepreneur of the Year as well as Access Bank Plc that named Bank of the Year amongst others.  

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