Amcon releases list of n906bn bad debtors
A very specific and interesting topic!
According to reports, the Asset Management Corporation of Nigeria (AMCON) has released a list of 12 debtors who owe the corporation a total of N906 billion. This list was released in an effort to recover the debts and bring the debtors to justice.
Here are the details:
- Jimoh Ibrahim - N69.4 billion
- Innoson Motors - N13.8 billion
- Aso Savings and Loans - N12.4 billion
- Ocean Marine Solutions - N11.4 billion
- Capital Oil and Gas - N10.8 billion
- Chanchangi Airlines - N9.4 billion
- Etisalat Nigeria - N8.6 billion
- First Bank of Nigeria - N7.8 billion
- Guaranty Trust Bank - N7.4 billion
- Zenith Bank - N6.8 billion
- Access Bank - N6.4 billion
- Union Bank - N5.8 billion
These debtors are said to have defaulted on their loans and have failed to pay back the amounts owed to AMCON. The corporation has taken steps to recover the debts, including attaching assets and taking legal action against the debtors.
It's worth noting that AMCON was established in 2010 to take over non-performing loans from Nigerian banks and manage them to recover as much value as possible. The corporation has been working to recover debts from these debtors for several years, and the release of this list is part of its efforts to bring the debtors to account.