The federal government has set up a task force to recover the
over N5 trillion outstanding debt owed the Asset Management
Corporation of Nigeria (AMCON).
Vice President Yemi Osinbajo disclosed this during a meeting
with board members and management of AMCON and selected heads of
government agencies, at the Presidential Villa, Abuja on Monday
evening.
The agencies he met with included the Economic and Financial
Crimes Commission (EFCC), Nigerian Financial Intelligence Unit
(NFIU), the Independent Corrupt Practices Commission (ICPC) and
also the Permanent Secretaries of the Justice and Transport
Ministries.
Also present at the meeting were the Acting Chairman of the
EFCC, Ibrahim Magu; Chairman, ICPC, Prof. Bolaji Owasanoye;
Director/Chief Executive, NFIU, Mr Modibbo Tukur; Permanent
Secretary, Federal Ministry of Transportation, Sabiu Zakari; and
other senior government officials.
The special/committee task force is made up of the Heads of
AMCON, the Economic and Financial Crimes Commission (EFCC),
Nigerian Financial Intelligence Unit (NFIU), the Independent
Corrupt Practices Commission (ICPC) and the Ministry of
Justice.
It will be work to develop and implement new strategies that
will ensure that the determination of the FG to recover the money
is speedily achieved.
Osinbajo was confident that the new push would achieve the
desired result.
He has directed relevant agencies to collaborate in a determined
bid to go after 20 top defaulting entities & individuals,
warning that criminal procedures will now be applied to
defaulters.
Osinbajo said all the relevant agencies have to re-strategize to
achieve the desired results.
“The key is collaboration. We need a small team comprising these
agencies to look at the next steps that we need to take, especially
the criminal aspect, forfeiture, and all of that,” the Vice
President directed.
He said the task force should look at the top 20 AMCON
defaulters closely and develop a plan of action that brings
results.
It would be recalled that the Vice President had previously in
May met with AMCON management to discuss how to resolve the
issue.
AMCON Chairman, Muiz Banire, has stated that almost 67 per cent
of the outstanding N5tn debt is owed by just 20
individuals/entities.
Banire noted that the agency had been “trying its best in its
attempt to recover this through the civil judicial process, but had
encountered several challenges.”
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Read more fg-sets-up-committee-to-recover-n5trn-owed-amcon/
FCTA to Revoke Undeveloped Plots of Land in
Abuja
The FCT Administration has identified several undeveloped plots
of land in serviced districts of the Phases I, II & III of the
Federal Capital City, Abuja and has given the owners three months
grace period to act or risk revocation.
The FCT Director of Land Administration, Mallam Adamu Jibrin
Hussaini made this disclosure on Tuesday in his office, at Central
Business District, Abuja.
The Director further disclosed that this was one of the
highpoints of the Federal Capital Territory Executive Committee
(FCT EXCO) meeting recently.
According to him, “the Allottees of plot (s) of land within
Phases I, II & III of the Federal Capital City (FCC) that have
been serviced with Infrastructure should take major steps to
develop them or have them revoked”.
The Director said that the FCT EXCO frowned at the
non-development of such plots; stressing that “government has
expended huge amount of money to open up those Districts by
providing the engineering infrastructure and would not afford to be
left fallow”.
He stated that the FCT EXCO used this opportunity to remind the
public, particularly the affected allottees that their failure to
carry out development of such plot (s) contravenes the terms of
Rights of Occupancy (R-of-O) accepted by the allottees as well as
the provision of Section 28(5)(a & b) of the Land Use Act N0. 6
of 1978, Cap. L5, Laws of the Federation of the Nigeria 2004.
Mallam Hussaini warned that the affected allottees must do
something drastic to avoid the impending revocation, due to
non-development of such property in the nation’s capital city,
Abuja.
The Director revealed that FCT Administration has therefore,
given such allottees a grace period of three (3) months to commence
meaningful development or have such plot (s) revoked.
SULE HARUNA
Information & Customer Service, AGIS/Lands