Ahmed: My Ministry Will Help AMCON To Recover Debts
October 25, 2019
9:36 am
The Minister of Finance, Zainab Ahmed, has disclosed the readiness of the Ministry of Finance to assist financially ‘stressed’ Asset Management Company of Nigeria (AMCON), to recover some of the debts owed to its debtors.
Ahmed noted that her ministry has decided to help AMCON by issuing promissory notes to the tune of the debts.
She stated: “But currently, AMCON itself is stressed in the sense that the assets it bought are underperforming. The repayments that they are supposed to be able to make are not happening at the rate at which they should happen. And I understand that …
