Senate Vows To Support AMCON’s Debt Recovery Drive

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The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani; has reiterated the willingness of the National Assembly to support the debt recovery efforts of Asset Management Corporation of Nigeria.

The Senator made the appeal while speaking at a one-day retreat held recently in Niger State. The retreat was themed; “Asset Recovery as a Tool for Enhanced Growth and Stability of the Banking Sector Sustaining the Impact and Bridging the Challenges of AMCON.”

While appealing to sister agencies of the Federal Government and all stakeholders to support the recovery drive of AMCON; Sani said the support had become critical because AMCON remains a strategic national institution that plays an important and pivotal role in stabilising the economy.

Sani who represent Senator Olubunmi Adetumbi however commend the management of AMCON for remaining resolute. He also appreciated the contribution of the Inter-Agency Committee set up by the Federal Government in 2019 to ensure that they hold debtors accountable.

The work of the committee has brought many obligors to the negotiation table. The Inter-agency Committee is chaired by the Chairman of Independent Corrupt Practices and Other Related Offences Commission. Prof Bolaji Owasanoye.


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