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 is chasing to recover over N5 trillion from obligors
that have remained unwilling to repay their debt.
Of this humongous figure, the government agency had informed
Nigerians that only 350 obligors alone account for N3.6 trillion, which is over
82 per cent of the outstanding exposure, which if recovered would be enough for
the federal government to actualise a good number of projects such as roads,
railways, electricity generation and distribution, hospitals, and the like
across the country.
The AMCON boss noted in a statement that with all the facts
and its negative effect to the economy of Nigeria, the AMP concept, which is
playing a pivotal role in the recovery exercise must scale up their efforts because
it would not be fair to allow this crop of obligors that have collectively
destroyed the commonwealth of Nigerians escape justice, which is why AMCON
would continue to interact and cross-fertilise ideas and provide them with the
necessary assistance they would require to excel as recovery agents.
Kuru, who was represented at the event by Mr. Aliyu Kalgo,
in his keynote address at the beginning of the training session stated that
since the inception of the AMP scheme, AMCON has made significant milestones
even though the application of the concept and achievement have not mitigated
some key challenges. He said it is for that reason that AMCON has and will
continue to engage with different stakeholders especially the AMPs to ensure
that they understand the AMCON Act as amended
He said, “As we are aware, the AMCON Act was amended by the
National Assembly and subsequently assented to by His Excellency President
Muhammadu Buhari in 2019.
“This amendment further empowered in the corporation special
debt recovery powers and other prerogatives to aid its recovery of
Non-Performing Loans (NPLs) from recalcitrant debtors that are hiding under
different tactics to delay repayment of their debt obligation.”
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