October 18, 2018

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AMCON to seize assets of debtors, says negotiation time over (Guardian)

AMCON to seize assets of debtors, says negotiation time over (Guardian)

The Assets Management Company of Nigeria (AMCON) has said that there will be no more room for negotiation with obligors as the company is now set for a new stage which is complete assets take-over. Managing Director and Chief Executive Officer of AMCON, Mr. Ahmed Kuru, who disclosed in an interview with the News Agency of Nigeria (NAN) in Abuja on Sunday, said that the N5.4 trillion debt had lingered for too long. Kuku said that AMCON had gotten tired of obligors (debtors), coming to their office and telling lies about wanting to embark on a staggered payment which they ended up never complying. Read more

 

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