Vice-President Yemi Osinbajo has inaugurated a Special Committee to recover the N5 trillion debts owed by the Asset Management Corporation of Nigeria (AMCON).
Personal Assistant to the President on New Media, Bashir Ahmad, disclosed this on his Twitter handle.
A statement subsequently issued by Osinbajo’s Senior Special Assistant on Media and Publicity, Laolu Akande, also confirmed the development.
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Members of the committee include Heads and Representatives of Agencies such as AMCON,
Economic and Financial Crimes Commission (EFCC)
Nigerian Financial Intelligence Unit (NFIU)
The ICPC
Central Bank of Nigeria (CBN)
Nigeria Deposit Insurance Corporation (NDIC)
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 timelines
will be”, the VP told the members.
“About 67 per cent of the outstanding N5trillion debt is said to be owed by just 20 individuals/entities”, the statement partly read.
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