AMCON gets N1.6bn funds recovered by EFCC
- 13th, October 2021 (5 days ago)
- $ 0.00322051
- 11 Views
The Assets Management Corporation of Nigeria, on Tuesday, said it had received a total sum of N1, 667,582,605.04 recovered by the Economic and Financial Crimes Commission between 2017 and July 5, 2021. According to AMCON, the funds are recovered loan repayments, which were credited to its account domiciled with the Central Bank of Nigeria for settlement of bond obligations. The corporation made this known in a letter to the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation. The committee had continued its investigative hearing in Abuja on Tuesday, where the letter, signed by the Managing Director, AMCON, Ahmed Lawan Kuru; and the Group Head, Enforcement, Joshua Ikioda, was read. AMCON explained that remittances to the corporation in 2017 amounted to N1,178,764,500 for the credit of nine debtors. For 2019, the corporation said it received N356,318,105.08 on September 21, 2020, on account of seven debtors.
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