AMCON To Publish Names Of 220 Delinquent Debtors Who Owe N1.1 Trillion

It was reported that the 220 influential Nigerians are in the first batch of delinquent debtors that AMCON will publish in newspapers any moment from now following a directive from the Central Bank of Nigeria (CBN).

AMCON was established in the wake of Nigeria’s 2009 banking crisis to take over bad loans from the books of deposit money banks, in order to save the financial system from collapse due to high toxic assets in the banks.

According to the reporters, the highest debtor on the AMCON list about to be released, owes N160bn, while the least debtor has a N680m unfulfilled obligation. The debts were purchased from the banks between 2010 and 2011 and AMCON has since made several efforts to recover the debts taken over from the banks but without much result.

Managing director of AMCON, Mr Ahmed Kuru, has vowed that the agency would do everything possible to recover the debts. He had stated earlier in the week that the corporation would publish the list of debtors who refused to negotiate with it with concerning repaying the debts.

The former managing director, AMCON, Mr Mustafa Chike-Obi, had last year said the agency would pay N1.6tn as interest on the N4tn used to purchase the bad loans that led to the collapse of some banks in the country.

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Posted: at 5-02-2016 10:51 AM (8 years ago) | Hero

Publish as soon as possible, we are waiting

Posted: at 5-02-2016 11:24 AM (8 years ago) | Gistmaniac

make una go away jare.........

Posted: at 5-02-2016 11:29 AM (8 years ago) | Grande Master

Is not all about publishing their names without bringing them to justice and send all of them to prison

Posted: at 5-02-2016 11:54 AM (8 years ago) | Upcoming

I'm waiting anxiously for the publication

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Posted: at 5-02-2016 11:59 AM (8 years ago) | Hero

Hmmmm,we dey waitooo.

Posted: at 5-02-2016 01:51 PM (8 years ago) | Hero

I will believe only when I have seen the names.

Posted: at 5-02-2016 02:57 PM (8 years ago) | Addicted Hero

let us see the financial loan delinquents still posing they are very  rich publish list pls

Posted: at 5-02-2016 06:53 PM (8 years ago) | Hero

THAT WAS GUD, MAKE THEN COUNTIUN WITH IT, WE NEED TO KNW ALL OF THEM WITH THERE NAMES.

Posted: at 7-02-2016 07:16 AM (8 years ago) | Gistmaniac