AMCON: N5trn Debt Recovery, Challenge to Nigerians

15th April 2019

April 15, 2019

The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has reiterated that the over N5trillion bad debts, which Nigerians expect the corporation to fully recover before its sunset should be seen as a collective problem that concerns all Nigerians irrespective of their socio-political, ethnic and cultural ideologies.

 Kuru, who was represented by the Executive Director, Assets, Dr. Eberechukwu Uneze, made the declaration when he received a group of cadets from the Accounting Department of the Nigerian Defence Academy (NDA); officers and men as well as lecturers from the academy led by Brigadier-General Ibrahim Mohammed Jallo, the Academy Registrar.

According to a statement, the cadets were at AMCON on an excursion, as part of their mandatory requirement to visit select financial institutions where they were availed the opportunity of matching theoretical teachings in the academy with practical realities of accounting principles in the real business world…Read more