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The Managing Director of the Assets Management Corporation of Nigeria, Ahmed Kuru, on Monday disclosed that so far, the corporation had recovered about N1.48tn out of N4.158tn owed by bank debtors.
According to a statement issued by AMCON, Kuru disclosed these in Kaduna at the 2021 retreat of the Senate Committee on Banking Insurance and other Financial Institutions with the management of AMCON.It read partly, “The Managing Director/CEO of AMCON Mr Ahmed Kuru, told the committee that AMCON was strongly battling with its debt recovery activities.
Kuru disclosed that AMCON still had 7,902 outstanding obligors with total outstanding loan of above N3.1tn. “All our action is geared towards settling our obligation with the CBN. After recovery and disposal, funds are paid directly into our CBN account.
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