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N5tn debt: AMCON plans to change recovery strategy


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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’. ....

Legal Academy , Asset Management Corporation Of Nigeria , High Court , Asset Management Corporation , Asset Management Partners , Fatihu Abba , Federal High Court , சட்டப்பூர்வமானது கலைக்கழகம் , சொத்து மேலாண்மை நிறுவனம் ஆஃப் நைஜீரியா , உயர் நீதிமன்றம் , சொத்து மேலாண்மை நிறுவனம் , சொத்து மேலாண்மை கூட்டாளர்கள் , கூட்டாட்சியின் உயர் நீதிமன்றம் ,

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. ....

Aliyu Kalgo , Muhammadu Buhari , Nume Ekeghe , Eligible Bank Assets Ebas , National Assembly , Asset Management Corporation Of Nigeria , Asset Management Corporation , Asset Management Partners , Ahmed Kuru , Bank Assets , His Excellency President Muhammadu Buhari , Non Performing Loans , தேசிய சட்டசபை , சொத்து மேலாண்மை நிறுவனம் ஆஃப் நைஜீரியா , சொத்து மேலாண்மை நிறுவனம் , சொத்து மேலாண்மை கூட்டாளர்கள் , வங்கி சொத்துக்கள் , அல்லாத நிகழ்த்துகிறது கடன்கள் ,