The Nigerian EFCC Offered To Assist The Asset Management Corporation of Nigeria in Debt Recovery

 In a bid to recover the debt owed to the Asset Management Corporation of Nigeria (AMCON), the Economic and Financial Crimes Commission (EFCC) has offered to assist.

While receiving a delegation from AMCON, led by its Chairman, Muiz Banire (SAN), and its Managing Director, Ahmed Kuru, who came on a familiarization visit to the EFCC Headquarters, Jabi, Abuja, the Acting Chairman of EFCC, Ibrahim Magu said the anti-graft agency would ensure that the monies owed are paid. Magu further called for collaboration and a re-evaluation of the modus operandi of the Corporation. As AMCON intensifies effort to recover the debts, Hon. Justice B.F.M. Nyako of the Federal High Court, ordered the Corporation to take over two steel companies – Bao Yao Futurlex Iron & Steel Company Limited in the Federal Capital Territory, and Bao Yao Huan Jian Iron & Steel in Calabar, the Cross River State capital. 

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