Business A.M
No Result
View All Result
Tuesday, March 31, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

FG asks ICPC, EFCC to go after AMCON’s top 20 debtors

by Admin
July 30, 2019
in Frontpage

Vice president Yemi Osinbajo says the federal government has set up a task force to monitor the top 20 debtors on the list of the Asset Management Corporation of Nigeria (AMCON).

According to a statement released by Laolu Akande, the vice president’s spokesman, the federal government said it has renewed efforts to recover the N5 trillion debt owed by the debtors.

The agencies tasked to go after the debtors are Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and the permanent secretaries of the justice and transport ministries.

At a meeting at the Presidential Villa in Abuja, Osinbajo told all the agencies to re-strategize to achieve the desired results.

“The key is collaboration. We need a small team comprising these agencies to look at the next steps that we need to take, especially the criminal aspect, forfeiture, and all of that,” he said.

According to Muiz Banire, AMCON chairman, 67 percent of the N5 trillion debt is owed by the top 20 debtors.

Some of the stakeholders present at the meeting were Ibrahim Magu, the acting chairman of the EFCC; Bolaji Owasanoye ICPC chairman; Modibbo Tukur, NFIU director; Sabiu Zakari, permanent secretary at the ministry of transportation.

Admin
Admin
Previous Post

UBA discloses inability to meet half -year filing deadline

Next Post

Oil rises on expectations of Fed rate cut, another U.S. crude drawdown

Next Post

Oil rises on expectations of Fed rate cut, another U.S. crude drawdown

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Stress-testing systems:A financial imperative, not technical exercise

When growth starts to lie

March 30, 2026
Africa’s rising consumer market: A flight path for regional air travel

Crisis catalyst: Gulf’s regional aviation integration response lessons for Africa

March 30, 2026
Analysing Legend Internet beyond the NGX award

Who’s afraid of the T+1 settlement cycle of CSCS?

March 30, 2026
From potential to power:AfCFTA, industrialisation and Africa’s hidden balance sheet

AFRICA & THE THREE GLOBAL SHOCKS 

March 30, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Stress-testing systems:A financial imperative, not technical exercise

When growth starts to lie

March 30, 2026
Africa’s rising consumer market: A flight path for regional air travel

Crisis catalyst: Gulf’s regional aviation integration response lessons for Africa

March 30, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M