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N5bn debt: AMCON takes over Abdulfatah Ahmed s properties
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AMCON takes over former governor s mansion over ₦5 billion debt
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Published 7 June 2021
The Asset Management Corporation of Nigeria has said that its Asset Management Partners scheme has resolved to change its recovery strategy.
It said in a statement on Sunday titled ‘AMCON AMPs may change recovery strategy’ that it planned to make make use of AMCON’s special powers as contained in the AMCON Act 2019 as amended, which had been signed into law by the Federal Government.
The statement said this was disclosed during a two-day training, which was organised by Legal Academy led by Dr. Fatihu Abba as the director-general, in conjunction with AMCON with the theme, ‘The utility of the Federal High Court proceedings rules and complementary strategies as critical tools in AMCON debt recovery by AMPs’.
AMCON drags 3,000 defaulters to court over N5tn debt
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