Hard as some recalcitrant obligors raise false alarms meant to incite the public against the Asset Management Corporation of Nigeria (AMCON) by sponsoring so-called frivolous articles in the media to malign both the past and present leadership of the Corporation, AMCON will remain resolute in its pursuit of debtors who owe the government and Nigeria’s taxpayers over N5trillion.
It is therefore scandalous that some respected media practitioners would allow themselves to be used smear the image of a Corporation that has made, and will continue to make huge recoveries for the Federal Government of Nigeria.
For the records, AMCON to date has made recoveries in the sum of N1.9trillion – of the total recovery, cash recovery represents 43%, sale of four bridged banks 13.3%, sales of proprietary shares 11%, claw back & repurchases 9.5%, asset sales & rentals 9.4%, investment income 7.2%, proprietary assets (unsold) 3.1% proprietary shares (unsold) 3.1% and divestment from…