N4.4trn Debt: AMCON Sends 1000 Top Defaulters’ List To NASS

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The Assets Management Corporation of Nigeria (AMCON) has submitted a list containing its top 1,000 loan defaulters to the National Assembly in another

This is as the country’s bad debt bank said the high number of court cases, currently totaling 4000, and unperfected title documents of some properties have been hindering recovery process of the bad debts in its books which totals N4.4 trillion.

AMCON handed the list over just a few hours after President Muhammadu Buhari signed into law the Assets Management Corporation of Nigeria Act amending the AMCON Act No. 4 2010.

 

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