VP Osinbajo Inaugurates Committee To Recover N5 Trillion AMCON Debts |


Vice-President Yemi Osinbajo, on Tuesday, inaugurated a Special Committee to recover the N5 trillion debts owed the Asset Management Corporation of Nigeria (AMCON), Newz NG reports.

Personal Assistant to the President on New Media, Bashir Ahmad, disclosed this in a statement sighted by Newz NG on his Twitter handle on Tuesday.

A statement subsequently issued by Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande, also confirmed the development.

Members of the committee include Heads and Representatives of Agencies such as AMCON; the Economic and Financial Crimes Commission (EFCC); Nigerian Financial Intelligence Unit (NFIU); the ICPC; Central Bank of Nigeria (CBN); Nigeria Deposit Insurance Corporation (NDIC); and the Federal Ministry of Justice.

“One of the terms of reference is for the committee to prepare a report, giving us a sense of what the time lines will be”, the VP told the members.

“About 67 per cent of the outstanding N5tn debt is said to be owed by just 20 individuals/entities”, the statement partly read.

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