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Government & Politics

We Have Recovered N644bn – AMCON

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Ahmed Kuru, managing director (MD) of the Asset Management Corporation of Nigeria (AMCON), says the corporation has succeeded in recovering N644 billion.

Kuru disclosed this at a media briefing in Lagos, stating that the financial institution is on its way to achieving its objective of retrieving acquired bad debts in the Nigerian financial system.

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He further disclosed that seeking court orders in retrieving debts and sealing up companies was necessitated by many years of non-compliance from its debtors.

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