Asset Management Corporation of
Nigeria (AMCON) and the Economic and Financial Crimes Commission (EFCC) are set
to storm banks whose officials violated internal processes that led to the huge
non-performing loans in AMCON’s portfolio.
AMCON Managing Director, Ahmed
Kuru, and the EFCC Acting Chairman, Ibrahim Mustafa Magu, jointly made the
announcement yesterday in Abuja.
AMCON had acquired debts from 22
banks worth N3.7 trillion and provided financial accommodation to 10 banks of
about N2.2 trillion.
But Kuru said that despite
AMCON’s recovery efforts, the corporation still held unresolved loans in excess
of N4.6 trillion representing about 75% of the total national budget.
His words: “most of the obligors
may not have acted alone in their unwillingness to repay, but may involve the
connivance of some of the bank officials whose motive was to cheat the banks
ab-initio.
“In the appropriate
circumstances, these bankers would also be called upon to account for their
roles in granting these questionable facilities.”
Speaking, Magu noted that both
agencies had “very tough, overwhelming and challenging” tasks.
He said EFCC established AMCON
Desk with dedicated EFCC officials assigned to the section that ensured that
all AMCON related cases in EFCC received speedy attention.
Magu assured that the EFCC was
willing to increase the number of personnel on the desk if so required and to
establish a Lagos branch if necessary.
No comments
Post a Comment
Kindly drop a comment below.
(Comments are moderated. Clean comments will be approved immediately)
Advert Enquires - Reach out to us at NigerianEye@gmail.com