AMCON boss hints that the organisation may disengage Asset Management Partners, that cannot cope with the speed and enormous challenges of expected debt recovery. AMCON Debt Nigeria
Managing Director/CEO, Asset Management Corporation of Nigeria , Ahmed Lawan Kuru with the Principal Partner, Lexavir Partners, Francis Chuka Agbu, at the AMCON/AMP interactive session in Abuja recently.
He made this declaration at the 2019 edition of the AMCON/AMPs Interactive/Feedback Session in Abuja last week, according to a statement. He stated that when this is compared to AMCON’s staff strength, it became obvious that the corporation surely needed a strategic approach to improve coverage, recovery and results.
To achieve the mandate as part of the Corporation’s renewed strategy to resolve these loans, he said, AMCON in 2016, introduced the AMP scheme to assist in recovery activities, especially in tracing, identification and location of obligors with the intent to resolve their outstanding indebtedness. Also, tracing, identification and location of assets of obligors , to enhance the EBA value, and achieve set recovery objectives.
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