AMCON BILL PDF

“The committee has worked tirelessly to ensure that when the Bill is passed, AMCON will be further empowered to deliver on their mandate.”. Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on President Muhammadu Buhari to. “The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.”.

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Only 22 States Have Presented Budgets. The Report on the Bill is out and will soon be presented before the House. He said AMCON today has over 3, cases, and counting in different courts across the country with obligors who have the means to pay; are still doing business with other names but have vehemently refused to pay what they owe AMCON.

AMCON Amendment Bill ready soon –Reps – Daily Trust

Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time in the life of the Corporation further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing qmcon kinds of tricks to tie AMCON up in court.

He however assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent just as it would continue to persevere in the face amccon adversity posed by the difficult socio-political and economic environment. Igbo should be given chance — Obasanjo December 30, Disclaimer Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.

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He noted that House of Representatives Committee on Banking and Currency owe it a duty to Nigerians as mandated by the constitution of the country to visit some of the critical institutions such as AMCON to review their budget performance within the financial year.

The Central Bank of Nigeria reaffirms that it continues to receive the total support and cooperation of the leadership and amcin of both arms of the National Assembly in its effort to restore and entrench financial stability and good corporate governance in Banks.

There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date. Log into your account.

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The Bill has thus been zmcon to the Senate Committee on Banking, Insurance and other Financial Institutions, to work with Committees on Capital Market and Finance to conduct a public hearing and report back to the Senate within a maximum period of four weeks.

This site uses cookies: You would be the first to know the latest happenings around the Financial Market on Billl. Providing an insight into how exactly the House of Representatives would aide recovery in the next financial year, Onyereri was quoted in a statement to have said: Bashir Ifo Awarded Djondo Fellowship.

‘AMCON Amendment Bill Ready Soon’ – THISDAYLIVE

Home About Adverts Contact. Fear grips Nasarawa monarchs over sect that promotes fornication, adultery Punch. The bill, when passed into law, will ensure the Corporation gets all needed support from the National Assembly to meet its mandate. Onyereri who was addressing his colleagues in the Ancient City of Kano at the opening of a three-day retreat said given the sunset date of AMCON, bilp he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary must ensure that the recovery agency of government meets its obligation within the expected and acceptable timeframe.

He assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent and persevere in the face of the adversity posed by the difficult socio-political and economic realities in the country.

In addition to purchasing non-performing loans from the banks. The bill is seeking to further empower and embolden AMCON with more powers to go after chronic obligors of the Corporation. Cancel Reply Your email address will not be published.

State and Local Govts. Leave a Reply Cancel reply. The committee is satisfied with the performance, which would also help the committee make projections and also provide guidance as the case may be against their budget.

There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date. Your email address will not be published. Onyereri, who led other members of the committee on a routine oversight visit to the corporate head office of Nill in Maitama, Abuja, stated that the committee billl it a duty to Nigerians as mandated by the Constitution of the Federal Republic of Nigeria to visit some of the critical institutions to review their budget performance within the financial year.

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NASS will work for quick passage of AMCON amendment bill -Onyereri

According to the Chairman, the lawmakers are happy that AMCON biol an interventionist institution of the Federal Government, especially under its present management, has performed above board, but are worried that the Corporation is often constrained by institutional and legal stumbling blocks that have continued to hinder them from achieving optimum results especially since public funds were used to buy these loans that helped prevent amxon EFIs from going under.

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It will be recalled that the Bill had already gone through second reading at the House and a public hearing was held on Thursday 28, January The AMCON boss, Kuru, described the oversight visit by the committee as a good feedback mechanism, which, he said, had over the years afforded the corporation the opportunity to rub minds with the legislature as well bll draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of the corporation.

Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time in the life of the Corporation, further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court. Dangote Knows Fate Tomorrow. Ahmed Kuru AMCON He noted that given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary amxon ensure that the recovery agency of government meets its obligation within the expected and acceptable timeframe.

This will pave the way for its passage after a third and final reading.

We think you’d love these too The Report on the Bill is out and will soon be presented before the House.