AMCON set to publish 7,912 names owing 4.4 trillion naira

The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of 4.4 ttrillion naira.

The move follows the expiration of the 30-day ultimatum given by the National Assembly to debtors to regularise their debt status with the bad debt manager.

The one-month notice elapses (today), January 5, 2021.

The spokesperson for AMCON, Jude Nwauzor, said debtors who were yet to provide a repayment proposal risked having their details published in the media after the 30-day grace period given by the National Assembly.

The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Uba Sani, had in early December 2021, directed the corporation to publish the names of all debtors, including popular Nigerians as the government stepped efforts to drive debt recovery.

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