The National Assembly, through the Senate Committee on Banking, Insurance and other Financial Institutions, has instructed the management of Asset Management Corporation of Nigeria, AMCON, to make public the names of their biggest debtors.
This was disclosed by The Chairman of the committee, Senator Uba Sani, while speaking at the Zuma Rock Resort in Niger State on Wednesday, December 1, 2021.
According to the Senator, these debtors through their actions are bringing destruction to the country’s economy.
Sani said, “the Senate through this Committee is directing the Management of AMCON led by Ahmed Lawan Kuru, Managing Director/Chief Executive Officer to again publish the full list of AMCON obligors in daily newspapers so that Nigerians will know those that have played leading roles in destroying the economy of this great country.”
AMCON is a government debt resolution agency. It should be recalled as earlier reported by The News Beam, the Senator lamented that the activities of the agency are being hindered by the Aviation Ministry.
Reacting to Uba’s position and largely the Senate’s, Ahmed Lawan Kuru, Managing Director/Chief Executive Officer in his welcome address said, “AMCON getting involved in the airline is not from a recovery perspective, but from a national duty perspective to ensure that the airline continued to operate given its strategic importance in the aviation sector at that time.
“After intervention by AMCON, the airline continued to meet its obligations particularly that of the Aviation Ministry. The airline has so far remitted over N12billion as ongoing obligations to the ministry. The Corporation also do realize that at certain point in time it must prepare an exit strategy from all its aviation portfolio, and based on advice, decided to set up NG Eagle through the process of certification by Nigerian Civil Aviation Authority (NCAA).
“It was a very vigorous process that took us more than two years. Ultimately, we were able to meet all the requirements including getting three aircrafts branded (they are currently at the Murtala Muhammed Airport in Lagos, branded as NG Eagle) and ready for operation but we are being frustrated.”