- Advertisement -

ADVERTS

AMCON Gets N1.6bn Funds Recovered By EFCC

 

MD, AMCON, Ahmed Lawan Kuru

The Assets Management Corporation 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.

According to AMCON, the funds are recovered loan repayments, which were credited to its account domiciled with the Central Bank of Nigeria for settlement of bond obligations.

The corporation made this known in a letter to the House of Representatives’ Ad Hoc Committee on Assessment and Status of All Recovered Loots Movable and Immovable Assets from 2002 to 2020 by Agencies of the Federal Government of Nigeria for Effective Efficient Management and Utilisation.

The committee had continued its investigative hearing in Abuja on Tuesday, where the letter, signed by the Managing Director, AMCON, Ahmed Lawan Kuru; and the Group Head, Enforcement, Joshua Ikioda, was read.

AMCON explained that remittances to the corporation in 2017 amounted to N1,178,764,500 for the credit of nine debtors.

For 2019, the corporation said it received N356,318,105.08 on September 21, 2020, on account of seven debtors.

AMCON disclosed that it received a letter from the EFCC, dated December 17, 2019, in which the commission forwarded promissory notes on account of four debtors to the tune of N1,194,778, 813.

AMCON said the notes were, however, returned to the EFCC through a letter dated October 28, 2019, as they were made out by the Debt Management Office.

The letter pointed out that the schedule forwarded to the corporation by the committee indicated remittances by EFCC of the sum of N87, 495, 087.50 in 2020.

However, AMCON argued that it had yet to receive the quoted amount.

Also at the hearing, the Nigerian National Petroleum Corporation said it was working to recover debts from some banks for the Nigerian Liquefied Natural Gas Limited’s dividend funds.

Chairman of the committee, Adejoro Adeogun, directed the NNPC to submit all its accounts at the next sitting on Tuesday next week.

- Advertisement -

Related Posts

  • 70
    Former NAF's Spokesman, AVM Adetokunbo Adesanya, Dissociates Self From Fake Facebook Account  Former Director, Public Relations and Information of the Nigerian Air Force, Air Vice Marshal Olatokunbo Adesanya, on Friday, urged members of the public to disregard a fake Facebook account purportedly impersonating him.   DISCLAIMER REGARDING A FAKE “AVM OLATOKUNBO ADESANYA” FACEBOOK ACCOUNT It has just come to my attention…
    Tags: account, news
  • 68
    Emir Of Gaya In Kano Is DeadAlhaji Ibrahim Abdulkadir, the Emir of Gaya in Kano, is dead. The Emir’s death was confirmed by the Ajiyan Gaya, Malam Shamsu Isa Kademi. According to him, the Late Emir of Gaya died in his Gaya place at the age of 91. He was among those elevated to the rank…
    Tags: news
  • 67
    Again, Fire Breaks Out At NPA HeadquartersProperties worth millions of naira were on Wednesday destroyed in a fire outbreak at the Headquarters of the Nigerian Ports Authority (NPA), on Broad Street, Lagos. The fire was said to have been triggered off by an electrical surge. It affected three offices on the 6th floor of the building…
    Tags: news
  • 66
    Federal Secretariat Abuja On FireA portion of the Federal Secretariat located at the Three Arms Zone in Abuja is currently on fire, according to a breaking news. "The cause of the fire is yet to be ascertained," according to the news flashed this Wednesday night, October 6, 2021, by the online edition of The…
    Tags: news
  • 65
    Cows were found on the premises of L.E.A Primary School, Orozo, Abuja, on Monday afternoon. The school is among the constituency projects facilitated by Senator Philip Aduda, lawmaker representing the Federal Capital Territory at the senate. Aduda was recently quizzed by the Independent Corrupt Practices and other related offences Commission…
    Tags: commission, news

- Advertisement -

- Advertisement -

Leave A Reply

Your email address will not be published.

WP Twitter Auto Publish Powered By : XYZScripts.com