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Kuru: Recovery of N5tn Debt Burden, AMP Scheme Pivotal

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.

AMCON asks asset partners to intensify efforts on N5trn debt recovery

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