NPL: AMCON wants Failed Bank Act reintroduced
Worried by the resurgent huge toxic loans in the banking sector, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria , Mr. Ahmed Lawan Kuru has called on the Nigerian authorities to revisit the Failed Bank Act so that operatives in the banking sector would be made to account for their actions, just as he urged banks to immediately strengthen their risk management framework to stem the negative growth.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bad Loans: AMCON chief seeks return of failed banks ActDamage by financial institutions to the economy through approval of fictitious loans worse than corruption.
Read more »
AMCON may disengage non-performing AMPs | The Guardian Nigeria News - Nigeria and World NewsAMCON 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
Read more »
AMCON threatens to disengage partners unable to recover over N740bn assetsThe Asset Management Corporation of Nigeria (AMCON) says over Asset Management Partners (AMPs), who are not able to recover debts from 6,000 accounts valued at over N740 billion may be disengaged.
Read more »
AMCON mulls disengagement of non-performing AMPs - Vanguard News NigeriaASSET Management Corporation of Nigeria, AMCON, has hinted that it would disengage Asset Management Partners, AMPs, that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation.
Read more »
Kuru: AMCON May Disengage Non-performing AMPs - THISDAYLIVEBy Nume Ekeghe The Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has disclosed that the corporation may disengage Asset Management Partners (AMPs) that cannot cope with the speed and enormous challenges of debt recovery expected by the corporation. He also promised that the corporation may assign more accounts to AMPs …
Read more »
‘We’re in hurry to recover N5.4tr AMCON debt’ - The Nation NigeriaBy the Act of its establishment, the Asset Management Corporation of Nigeria (AMCON) is to recover bad debts owed by institutions - private or public
Read more »
AMCON to sack asset partners over N740b debt recoveryThe Managing Director/CEO, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has hinted on the corporation's plan to disengage Asset Management
Read more »
AMCON makes case for more women in financial services – Daily TrustThe Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, has called on parents to educate the girl child to enable them compete with their male counterparts in the financial services industry and other fields of employment hitherto dominated by men. Kuru stated this while addressing staff at a brief …
Read more »
How my brother 'failed' Kwara - Saraki's sisterThe former senator urges Kwara governor-elect to allow her make amends.
Read more »
‘Why APC failed in Ebonyi' - Vanguard News NigeriaA group is known as Ebonyi All Progressives Congress, APC, Youths Vanguard yesterday explained that the APC failed in the last concluded general elections in Ebonyi State because the governorship candidate of the party, Senator Sonni Ogbuoji allegedly created factions in the party and ran the governorship election as a personal enterprise.
Read more »