Federal Government on Tuesday inaugurated an Inter-Agency Committee to recover the N5trn debts owed the Asset Management Corporation of Nigeria (AMCON).
A statement by Senior Special Assistant on Media and Publicity to the Vice President Yemi Osinbajo, Mr Laolu Akande, confirmed the inauguration on Tuesday.
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It said members of the committee include heads and representatives of agencies such as AMCON; the Economic and Financial Crimes Commission; Nigerian Financial Intelligence Unit; the ICPC; Central Bank of Nigeria; Nigeria Deposit Insurance Corporation; and the Federal Ministry of Justice.
According to the statement, “One of the terms of reference is for the committee to prepare a report, giving us a sense of what the timelines will be.’’
“About 67 per cent of the outstanding N5tn debt is said to be owed by just 20 individuals/entities”, the statement added.
