Home Life Style Good News – EFCC transfers recovered N1.6bn to AMCON

Good News – EFCC transfers recovered N1.6bn to AMCON

by Good News

Good News – Published 12 October 2021The Assets Management Company of Nigeria, on Tuesday, said it had received a total sum of N1, 667,582,605.04 recovered by the Economic and Financial Crimes Commission between 2017 and July 5, 2021.Per AMCON, the funds are recovered loan repayments, which were credited to its account domiciled with the Central Financial institution of Nigeria for settlement of bond responsibilities.The corporate made this identified in a letter to the House of Representatives’ Ad Hoc Committee on Evaluation and Website online of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Businesses of the Federal Govt of Nigeria for Effective Efficient Management and Utilisation.The committee had persevered its investigative listening to in Abuja on Tuesday, the attach the letter signed by the Managing Director, AMCON, Ahmed Lawan Kuru; and the Team Head, Enforcement, Joshua Ikioda, turned into as soon as be taught out.AMCON explained that remittances to the company in 2017 amounted to N1,178,764,500 for the credit of 9 debtors.For 2019, the company said it received N356,318,105.08 on September 21, 2020, attributable to seven debtors.AMCON disclosed that it received a letter from the EFCC, dated December 17, 2019, wherein the fee forwarded promissory notes attributable to four debtors to the tune of N1,194,778, 813.AMCON said the notes were, however, returned to the EFCC via a letter dated October 28, 2019, as they were made out by the Debt Management Subject of job.The letter pointed out that the time desk forwarded to the company by the committee indicated remittances by EFCC of the sum of N87, 495, 087.50 in 2020.However, AMCON argued that it had but to receive the quoted quantity because it is also collections but to be launched to it.Additionally at the listening to, the Nigerian Nationwide Petroleum Company said it turned into as soon as working to catch effectively debts from some banks for the Nigerian Liquefied Natural Gas Restricted’s dividend funds.Chairman of the committee, Adejoro Adeogun, directed the NNPC to put up all its accounts at the next sitting on Tuesday next week.Adejoro said all debt owed the government must be vigorously pursued as money is desired to fund the 2022 funds.

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