‘Undue interference hindering debt recovery’
Prof. Chris Onalo, founding Registrar/Chief Executive, Institute of Credit Administration owes the view and very strongly too that but for the interference of the various tiers of government, the Asset Management Corporation of Nigeria has what it takes to fully recover its debts. He spoke withMCON management has hinted of plans to sell its over N5 trillion debt stock owed by a few Nigerians to the taxpayers, a development analysts find alarming.
First and foremost, the ICA is positing that the powers that be, should back out of influencing the process of recovering the debts. AMCON should be left alone to do its job, for which the law has mandated it to do. The judiciary should stop playing hide and seek game on this matter. The judicial system is not encouraging the growth and development of Nigeria’s economy. And it looks like the judiciary authority is behaving like it is not a part of government. Judicial authorities should also realise that their children are Nigerians and the children and they themselves have limited time to live on earth. Therefore, they should do nothing to mess up the country.
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