The Asset Management Corporation of Nigeria (AMCON) has recovered over N681.5bn from chronic debtors in the last six years of its operation, its Managing Director, Alhaji Ahmed Kuru, said in Abuja on Monday. Kuru, who made the disclosure at an interactive session with Judges of the Federal High Court, said the amount was recovered from the debtors in form of cash, properties and shares. He stated that most of the recoveries were made possible through court-sanctioned settlements or outright judgment. Kuru revealed that AMCON had at least N1.7tn worth of assets under litigation across the country, adding that “this underscores the need for an effective resolution mechanism through the courts’’.
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