AMCON Amendment Bill Passed By Senate With Approval To Possess Debtors’ Assets

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 5,513 total views,  2 views today The Asset Management Corporation of Nigeria (AMCON) amendment bill designed to strengthen the agency in the area of loan recovery, was Wednesday passed by the Senate following the consideration of a report by the Senate Committee on banking, insurance, and other financial institutions. The bill, which is an act to amend the AMCON Act No.3, 2014 to extend the tenuer of the resolution cost fund and for related matters 2021, passed second reading on March 23. A total of 350 obligors are reportedly holding on to debts worth…

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