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By Nume Ekeghe
Five years after the Asset Management Corporation of Nigeria (AMCON) launched the Asset Management Partners (AMPs) scheme, the Managing Director/CEO of AMCON, Mr. Ahmed Kuru has described the initiative as a major tool in the recovery efforts of the corporation and key to its success.
Kuru spoke in Lagos, at a 2-day training for Asset Management Partners (AMPs) of AMCON.
The AMPs scheme of the government agency currently has about 6,000 Eligible Bank Assets (EBAs) at different stages of resolution and about 3,000 matters at various Courts in the country.
Through the AMPs, AMCON said it is essential each of the cases are properly captured as they progress in the Courts.
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The Asset Management Corporation of Nigeria (AMCON) has asked its asset management partners (AMPs) to boost efforts on recovery of N5 trillion from obligors.
AMCON drags 3,000 defaulters to court over N5tn debt punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.