“The committee has worked tirelessly to ensure that when the Bill is passed, AMCON will be further empowered to deliver on their mandate.”. Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on President Muhammadu Buhari to. “The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.”.
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Debt Recovery: Reps To Speed Up Amending AMCON Bill
Hamzat lied against me, says Jonathan December 31, At Last Legendary Rev Fr. In addition to purchasing non-performing loans from the banks.
To receive our NEW investment newsletter containing intelligent investing news, data, analysis and research, type in your e-mail address. We think you’d love these too There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date. Notify me of follow-up comments by email. He noted that House of Representatives Committee on Banking and Currency owe it a duty to Nigerians as mandated by the constitution of the country to visit some of the critical institutions such as AMCON to review their budget performance within the financial year.
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Igbo should be given chance — Obasanjo December 30, Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time in the life of the Corporation, further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court. Next Post Esan National Congress rejects cattle colony proposals.
Home About Adverts Contact. All One Min News. The face value of the bonds was N3. Your email address will not be published. Notify me of new posts by email. The Report on the Bill is out and will soon be presented before the House. Home Featured Post Debt Recovery: You would be the first to know the latest happenings around the Financial Market on Register. He however assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent just as it would continue to persevere in the face of adversity posed by the difficult socio-political and economic environment.
Debt Recovery: Reps To Speed Up Amending AMCON Bill — Economic Confidential
This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill. He said AMCON today has over 3, cases, and counting in different courts across the country with obligors who have the means to pay; are still doing business with other names but have vehemently refused to pay what they owe AMCON. A promise made, a promise kept. Sorry, your blog cannot share bll by email.
‘AMCON Amendment Bill Ready Soon’
Kuru in his remark described the oversight visit by the committee as a good feedback mechanism, which has over bil years afforded AMCON the opportunity to rub minds with the legislature as well as draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of AMCON.
The AMCON, is the principal vehicle for resolution of the solvency of asset quality problems that have risked the zmcon system in the last two years and it provides an alternative to the liquidation of distressed banks. He assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent and persevere amccon the face of the adversity posed by the bbill socio-political and economic realities in the country.
Doing Business in Nigeria. Mobile Money and Telcos. The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate. AMCON is a vehicle for recapitalizing these institutions. Onyereri who was addressing his colleagues in the Ancient City of Kano at the opening of a three-day retreat said given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary must ensure amfon the recovery agency of government meets its obligation within the expected and acceptable timeframe.
December 30, 4: Fear grips Nasarawa monarchs over sect that promotes fornication, adultery Punch. Buhari Inaugurates 15m Abuja Airport Terminal. There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date.
This Bill is very important and we promise to work with the Senate in acon a quick passage of the Bill. blil
AMCON Amendment Bill ready soon –Reps – Daily Trust
According to the Chairman, the lawmakers are happy that AMCON as an interventionist institution of the Federal Government, especially under its present management, has performed above board, but are worried that the Corporation is often amdon by institutional and legal stumbling blocks that have continued to hinder them from achieving optimum results especially since public funds were used to buy these loans that helped prevent the EFIs from going under.
Golden era for Rivers State. Only 22 States Have Presented Budgets. He therefore said that AMCON having achieved remarkable milestones in the last seven and half years of its creation, is willing to deliver even more if given aamcon needed support from all key stakeholders such as the legislature, the judiciary, the executive among others.
The Central Bank of Nigeria reaffirms that it continues to receive the amcno support and cooperation of the leadership and members of both arms of the National Assembly in its effort to restore and entrench financial stability and good corporate governance in Banks.