AMCON Recovers N1.48 Trillion From Obligors

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 3,424 total views Mr. Ahmed Kuru, AMCON DG The sum of N1.48 trillion has been recovered by the Asset Management Corporation of Nigeria (AMCON) out of the N4.158 trillion from bank debtors. Ahmed Kuru, AMCON managing director, announced this during the 2021 retreat of the Senate Committee on Banking Insurance and other Financial Institutions in Kaduna on Monday, adding that the agency still had 7,902 outstanding obligors with a total outstanding loan of above N3.1 trillion. Kuru explained that 350 obligors alone accounted for over N2.053 trillion which was more than…

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