AMCON urges Nigerian courts to speed up debt recovery cases to reclaim billions by 2026.

The Asset Management Corporation of Nigeria (AMCON) is urging the judiciary to expedite cases to help recover billions of naira in outstanding debts. AMCON, which has over 3,000 unresolved cases, aims to recover the N5 trillion in outstanding loans by 2026. The Nigerian Senate Committee on Banking, Insurance and other Financial Institutions is also working to find more effective strategies for debt recovery, emphasizing the need to transition beyond AMCON's current role to ensure taxpayer money is repurposed for critical areas like education and health.

November 24, 2024
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