N5tr AMCON debt: MDAs join recovery drive

by on October 16, 2019

Minister of Finance, Mrs Zainab Ahmed has advised the management of Asset Management Corporation of Nigeria (AMCON) led by Ahmed Kuru, Managing Director/Chief Executive Officer to do everything with the powers of its newly amended Act to recover the huge debt owed the Corporation by a few individuals and organisations in the country.

Other Ministries Agencies and Departments (MDAs) including the Director-General, Bureau of Public Procurement (BPP), Mamman Ahmadu also declared their willingness to collaborate with AMCON in its quest to recover the debt, which he said will help liberate the economy as well as improve the commonwealth of the nation.

The BPP chief said the bureau has intensified its due diligence process and will ensure that those seeking contract from the government are scrutinised to establish the fact that they are not on the list of AMCON debtors before contracts are awarded.

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