AMCON seeks National Assembly’s intervention on debt recovery – Sani

Insurance and other Financial Institutions, Senator Uba Sani, says the management of the Asset Management Corporation of Nigeria has appealed for National Assembly’s intervention in order to recover its debts.on Saturday, explained that AMCON made the appeal at an action retreat jointly organised by his committee and the management of AMCON in Abuja on Friday.

He also said the parley afforded both his panel and AMCON, the opportunity to deal with several problems affecting the organisation, especially its policies and processes, implementation strategies, as well as its assets recovery efforts during this COVlD-19 pandemic. Sani said, “Participants expressed concern at the strategies and tactics being employed by debtors to stall the repayment of loans. Cases drag on in courts for many years.

“The management of AMCON made a passionate appeal to the National Assembly to come up with key legislative interventions to strengthen the institution and make assets recovery less cumbersome.”

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