Asset Management Corporation of Nigeria, AMCON, an agency of the federal government, has called for stakeholders’ support in recovering N4 trillion debt from companies and other private entities in Nigeria.
The Managing Director of AMCON, Mr Ahmed Lawan Kuru disclosed this to External Solicitors and Stakeholders in Lagos during the weekend.
He explained that the agency’s debt recovery mandate is of national importance.
He lamented that the N4 trillion debt is taxpayers’ revenue; hence all hands must be on the desk to recover it.
Kuru, represented by Mr Benedict Daminabo, the Group Head of the Corporation, said the inability of the agency to recover the N4 trillion would add to the existing N46 trillion debt burden of the federal government.
“Also, considering that the Corporation has begun to put measures in place for the eventual wind-down of its activities as it is not created to remain in perpetuity, we see working and collaborating with our stakeholders as a priority”, he said.
