AMCON and EFCC Collaborate on Debt Recovery

The Asset Management Corporation of Nigeria (AMCON) says it is collaborating with the Economic and Financial Crimes Commission (EFCC) as strategy to recover N4.6 billion from debtors across the country.

The corporation revealed this in a statement issued after a meeting with the management of the EFCC on Thursday in Lagos.

It said the decision was for both agencies to consolidate on the gains in the areas of investigating, prosecuting and compelling all obligors of AMCON in accordance with the relevant statutes.

The EFCC Acting Chairman, Ibrahim Magu, who welcomed the Managing Director, AMCON Ahmed Kuru, and his team, described the assignments of both agencies of government as “very tough, overwhelming and challenging.”

Magu assured Kuru that the AMCON Desk at EFCC would continue to be functional adding that the EFCC was willing to increase the number of personnel on the desk if so required.

According to the EFCC boss, giving the similarity in the objectives of both agencies, the acting EFCC boss said there was need for joint training towards fostering better understanding between AMCON and the EFCC.

While reaffirming the commitment of the EFCC to cooperate and provide the much needed support to AMCON, Magu urged AMCON to ensure justice is done in all cases.

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