The Federal Government has inaugurated an inter-agency committee to speedily resolve the challenges in recovering over N5 trillion Asset Management Corporation of Nigeria(AMCON) debts.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement on Tuesday in Abuja.
Vice President Yemi Osinbajo, who inaugurated the committee at the Presidential Villa, Abuja, tasked its members to deploy their expertise in the assignment.
News Agency of Nigeria (NAN) reports that the committee is headed by the Chairman, Independent Corrupt Practices and other related Offences Commission (ICPC), Prof. Bolaji Owasanoye.
Osinbajo said that by constituting the committee, the Federal Government was adopting a new approach in recovering outstanding AMCON debts.
He urged the committee to turn the tide in what had been a difficult process where debtors had continued to default in their payment obligations.
About 67 per cent of…
Source: Thisday Newspaper
