Appeal Court, AMCON collaborate to recover N5tr debt
With the Asset Management Corporation of Nigeria (AMCON) in its twilight, the President, Court of Appeal, Honourable Justice Monica Dongban-Mensem and the Administrator of the National Judicial Institute (NJI), Honourable Justice R.P.I Bosimo, (Rtd) at the weekend, drummed support for the Corporation to meet its target of recovering N5 trillion debt.
Currently, AMCON owes more than N4 trillion to the Central Bank of Nigeria (CBN), which it says could rise to almost N7 trillion by 2024 judging by the current rate of inflation.