AMCON Seeks Exclusion Of Contractors Owing Banks, Taxes From Govt Business

Nigeria’s ‘bad bank’ Assets Management Corporation of Nigeria (AMCON) has recommended that government should bar bank’s debtors and tax evaders from doing business with it.
Ahmed Kuru, chief executive of AMCON seeks resolutions to the huge debt portfolio of the corporation through government intervention.
“Those that are doing big business with government must be made to settle either with AMCON or the Federal Inland Revenue Service (FIRS) because they can’t be owing and still want to do business with the government,” Kuru said.
He spoke at the inauguration of the new board of the corporation led by Muiz Banire by the Minister of Finance, Zainab Shamsuna Ahmed in Abuja.
He suggested that payment to any contractor who is indebted to the corporation should be frozen until such obligations to AMCON were met.
“We know that with the inauguration of this board, things will be more efficient. The turnaround time will be faster. We have been able to recover N1 trillion but we have more than N5 trillion that is outstanding.
“If today, AMCON disposes of all that is in its possession, we may be able to recover maybe N1 trillion.”Nigeria’s ‘bad bank’ Assets Management Corporation of Nigeria (AMCON) has recommended that government should bar bank’s debtors and tax evaders from doing business with it.