AMCON BILL PDF

“The committee has worked tirelessly to ensure that when the Bill is passed, AMCON will be further empowered to deliver on their mandate.”. Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on President Muhammadu Buhari to. “The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.”.

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Cancel Reply Your email address will not be published. The committee has worked tirelessly to ensure that when the bill is passed, AMCON bil be further empowered to deliver on its mandate. The bill is seeking to further empower and embolden AMCON with more powers to go after chronic obligors of the Corporation.

Debt Recovery: Reps To Speed Up Amending AMCON Bill — Economic Confidential

The Central Bank of Nigeria reaffirms that it continues to receive the total support and cooperation of the leadership and members of both arms of the National Assembly in its effort to restore and entrench financial stability and good corporate governance in Banks. Only 22 States Have Presented Budgets. The committee is satisfied with the performance, which would also help the committee make projections and also provide guidance as the case may be against their budget.

Notify me of follow-up comments by email. Bashir Ifo Awarded Djondo Fellowship. Leave a Reply Cancel reply. Onyereri, who led other members of the committee on a routine oversight visit to the corporate head office of AMCON in Maitama, Abuja, stated that the committee owed it a duty to Nigerians as mandated by the Constitution of the Federal Republic of Nigeria to visit some of the critical institutions to review their budget performance within the financial year.

Your email address will not be published. December 30, 4: Sir Jones Chukwudi Onyereri, said this at a three-day retreat in Kano.

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To receive our NEW investment newsletter containing intelligent investing news, data, analysis and research, type in your e-mail address. Ahmed Gill, who did not hide the ammcon that AMCON needs support at this critical time in the life of the Corporation further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court. Ahmed Kuru AMCON He noted that given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary must ensure that the recovery agency of government meets its obligation within the expected and acceptable timeframe.

He said AMCON today has over 3, cases, and counting in different courts across the country with obligors who have the means to pay; are still doing business with other names but have vehemently refused to pay what they owe Amcin.

‘AMCON Amendment Bill Ready Soon’

He, therefore, said that AMCON having achieved remarkable milestones in blll last seven and half years of its creation, is willing to deliver even more if given the needed support from all key stakeholders such as the legislature, the judiciary, the executive among others.

The face value of macon bonds was N3. He said AMCON today has over 3, cases, and counting in different courts across the country with obligors who have the means to pay; are still doing business with other names but have vehemently refused to pay what they owe AMCON. A promise made, a promise kept. There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date.

NASS will work for quick passage of AMCON amendment bill -Onyereri

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Senate warns CBN on troubled banks. Providing an amcln into how exactly the House of Representatives would aide recovery in the next financial year, Onyereri was quoted in a statement to have said: He therefore said that AMCON having achieved remarkable milestones in the last seven and half years of its creation, is willing to deliver even more if given the needed support from all key stakeholders such as the macon, the judiciary, the executive among others.

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With these developments in the National Assembly, the Central Bank hopes that all skepticisms around the establishment of AMCON and unguarded speculations around political support for the reforms have been put to rest. Log into your account.

At Last Legendary Rev Fr. The bill is seeking to further empower and embolden AMCON with more powers to go after chronic obligors, according to a statement from the corporation on Tuesday. We think you’d love these too Onyereri who was addressing his colleagues in the Ancient City of Kano at the opening of a three-day retreat said given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary must ensure that the recovery agency of amcin meets hill obligation within the expected and acceptable timeframe.

He assured the lawmakers that the current zmcon of AMCON under his leadership would continually remain prudent and persevere in the face of the adversity posed by the difficult socio-political and economic realities in the country. Disclaimer Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof. Hamzat lied against me, says Jonathan December 31, State and Local Govts.

This site uses cookies: The bill, when passed into law, will ensure the Corporation gets all needed support from the National Assembly to meet its mandate.