About 67 per cent of the outstanding N5 trillion debt is said to be owed by just 20 individuals/entities.
Following the challenges encountered from the debt-recovery processes and the very limited results so far, the committee is expected to consider other options, including taking enforcement measures in actually recovering the debts.“One of the terms of reference is for the committee to prepare a report, giving us a sense of what the timelines would be.“I know that, given the kind of individuals here, you will definitely turn this whole narrative around.
Members of the committee include heads and representatives of agencies such as AMCON, the Economic and Financial Crimes Commission and Nigerian Financial Intelligence Unit.Others are heads Central Bank of Nigeria, Nigeria Deposit Insurance Corporation and the Federal Ministry of Justice. The committee is expected to review the status of debts owed to AMCON, deliberate on practical, legal and other strategies for the recovery of the outstanding debts.
It is also expected to prepare a report, which will include a debt recovery work plan with specific timelines for completion. Mr Owasanoye thanked the vice president for the confidence reposed in the group, adding that the members would do their best to recover most of the debts.
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