An Inter-Agency Committee to recover the N5trn debts owed the
Asset Management Corporation of Nigeria has been inaugurated by the
Federal Government.
Vice-President Yemi Osinbajo inaugurated the committee in Abuja,
a statement by his Senior Special Assistant on Media and Publicity,
Mr Laolu Akande, said on Tuesday.
Members of the committee include heads and representatives of
agencies such as AMCON; the Economic and Financial Crimes
Commission; Nigerian Financial Intelligence Unit; the ICPC; Central
Bank of Nigeria; Nigeria Deposit Insurance Corporation; and the
Federal Ministry of Justice.
“One of the terms of reference is for the committee to prepare a
report, giving us a sense of what the timelines will be”, the VP
told the members.
“About 67 per cent of the outstanding N5tn debt is said to be
owed by just 20 individuals/entities,” the statement added.
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