The House of Reps to Increase the Power of AMCON In Debt Recovery

A bill seeking to amend the Asset Management Corporation of Nigeria (AMCON) Act is being considered by the House of Representatives. The proposed amendments will further empower AMCON to recover debts more effectively and efficiently. During a technical session held in Abuja where the challenges inhibiting AMCON’s recovery efforts were extensively discussed, the MD/CEO of AMCON, Mr Ahmed Kuru stated that there was an urgent need to change AMCON’s debt recovery approach especially with respect to defiant debtors. He further stated that the change in the agency’s recovery approach can only be achieved with the support of the National Assembly.