The Federal Government has been challenged to expand the laws that granted the Asset Management Corporation of Nigeria (AMCON) special debt recovery powers in the AMCON Act as amended into a national law that would insulate the banking sector against reckless borrowers and recalcitrant debtors that AMCON is currently chasing for the recovery of trillions of Naira. The Federal Government debt recovery agency, which has since inception in 2010 recovered over N1.4trillion had at different phases from the year of its establishment purchased 12,743 NPLs or Eligible Bank Assets (EBAs)…
Read MoreAMCON: LEGAL EXPERT CALLS FOR NATIONAL POLICY ON DEBT RECOVERY
