Kuru: AMCON May Disengage Non-performing AMPs via thisdaylive
The Managing Director/CEO, Asset Management Corporation of Nigeria , Mr. Ahmed Lawan Kuru, has disclosed that the corporation may disengage Asset Management Partners that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation.
He made this declaration at the 2019 edition of the AMCON/AMPs Interactive/Feedback Session in Abuja. Kuru, also disclosed that the AMPs are currently handling over 6,000 accounts within AMCON portfolio. Although in terms of weight, the accounts, which have been outsourced to AMPs constitute only 20 per cent or N740 billion of the total Eligible Bank Assets portfolio of N3.7trillion.
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