AMCON MD/CEO Mr Ahmed Kuru (left) with Mr Wale Edun, Minister of Finance and Coordinating Minister of the Economy
Chief Wale Edun, Nigerian economist, investment banker, politician and the Minister of Finance and Coordinating Minister of the Economy has again met with the Managing Director/Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON) Mr Ahmed Lawan Kuru OFR. The AMCON boss also met with Wale Edun not long ago when the minister newly assumed office.
NewsBits learnt that the meeting, which held in the office of the Minister may not have been unconnected with the ongoing discussion and strategy to recover the nearly N5trillion debt burden carried by AMCON even as the Minister recently toyed with the idea of AMCON sunset. But the question Nigerians are asking, and will continue to ask include: “What would happen to the Eligible Bank Assets (EBAs), which AMCON bought through the banks that are yet to be resolved – such as Arik, Aero Contractors, NICON etc?
What was unclear to our reporter however was the involvement of the Borno State Governor Professor Babagana Umara Zulum, CON in the meeting between the minister and the AMCON boss.
What would happen to the many cases in court between AMCON and some obligors that are currently pending in various courts across the country? Will the federal government be willing to bear the AMCON burden under the present struggling economy in the country? What timeline will the President Bola Tinubu administration willing to give AMCON within which the bad bank is expected to in reality recover the outstanding debt and then think of winning down its operations. These are a few of the questions that the public expect the Finance Minister and the newly appointed Central Bank of Nigeria (CBN) governor are expected to make Nigerians understand. @AmconNg @JudePlusJude #FinMinNigeria @FinMinNigeria
