Inter-Agency Committee Meeting On Recovery Of AMCON’s Debt Holds

L–R: Mr Niyi Fadeyi, Assistant Director, Department of State Services (DSS); Mr. Haruna Mustafa, Director of Banking Supervision, Central Bank of Nigeria (CBN); Mr Ahmed Kuru, Managing Director/Chief Executive Officer Asset Management Corporation of Nigeria (AMCON); Prof. Bolaji Owasanoye SAN, Chairman Independent Corrupt Practices and Other Related Offences Commission (ICPC); Mr Bello Hassan, Managing Director, Nigeria Deposit Insurance Corporation (NDIC); and Mr Kehinde Oginni, Head, Advisory, Nigerian Financial Intelligence Unit (NFIU) after the meeting of the Inter-Agency Committee on AMCON’s Debt, which held at the Head Office of AMCON in Abuja on Monday September 6, 2021

It would be recall that the Vice President of the Federal Republic of Nigeria Prof. Yomi Osinbajo some months back set up the committee, which is chaired by Prof. Bolaji Owasanoye SAN, who is also the Chairman of Independent Corrupt Practices and Other Related Offences Commission (ICPC).

The logic behind the setting up of the committee was to engender collaboration among and between all critical agencies of the Federal Government, which will lead to tightening the noose on recalcitrant debtors of AMCON who are collectively indebted to the tune of over N5trillion. Although the details of the meeting was not made known, it is suspected that the committee was restrategising on how best to go after these obligors with a view to recovering the huge outstanding debt.

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