Mr. Ahmed Lawan Kuru
Federal Government may pay N5 trillion bad debts, AMCON warns
Except all hand are on deck, the Federal Government may invariably pay back the outstanding N5trillion plus bad debts if the sum is not fully recovered by the Asset Management Corporation of Nigeria (AMCON), before its sunset. Managing Director and Chief Executive Officer, AMCON, Mr. Ahmed Lawan Kuru, who made the clarification in Abuja, said…
AMCON seeks reintroduction of Failed Bank Act
Worried by the resurgence of huge toxic loans in the banking sector, the Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru, yesterday, in Lagos, called on the financial regulators to revisit the Failed Bank Act, to make bankers accountable for their actions.