AMCON recovers N1.48tr from Bank debtors

The Asset Management Corporation of Nigeria (AMCON) has announced that it has recovered N1.48 trillion, out of the N4.158 trillion, from bank debtors. This was announced by AMCON’s Managing Director, Ahmed Kuru, during the 2021 retreat of the senate committee on banking insurance and other financial institutions in Kaduna, on Monday. According to him, the agency still has 7,902 outstanding obligors with a total outstanding loan of above N3.1 trillion. He explained that 350 obligors alone account for over N2.053 trillion which is more than 70 percent of the total…

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