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

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 Mobile Money and Telcos. 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.

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The Report on the Bill is out and will soon be presented before the House. At Last Legendary Rev Fr. You would be amfon first to know the latest happenings around the Financial Market on Register. We think you’d love these too Only 22 States Have Presented Budgets.

Hamzat lied against me, says Jonathan December 31, One more reason to read sabinews. Leave a Reply Cancel reply. This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill. Kuru in his remark described the oversight visit by the committee as a good feedback mechanism, which has over the years afforded AMCON the opportunity to rub minds with the legislature as well as draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of AMCON.

The Billl has thus been referred 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. Fear grips Nasarawa monarchs over sect that promotes fornication, adultery Punch.

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AMCON Amendment Bill ready soon –Reps – Daily Trust

This site uses cookies: 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.

Notify me of new posts by email. In addition to purchasing non-performing loans from the banks. This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill. Ahmed Lawan Kuru, the lawmaker reaffirmed the commitment of the House of Representatives to support AMCON recover the huge outstanding debt in the hands of a few recalcitrant obligors.

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. Sorry, your blog cannot share posts by email. Disclaimer Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.

The AMCON boss, Kuru, described the oversight visit by amon 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 as draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of the corporation.

Dangote Knows Fate Tomorrow. Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time hill the life of the Corporation, further informed members of the House Committee that billl of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court. State and Local Govts. The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.

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

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Pin It on Pinterest. He however assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent just as hill would continue to persevere in the face of adversity posed by the difficult socio-political and economic environment.

House of Reps pledges quick passage of AMCON amendment bill – Vanguard News Nigeria

The AMCON, is the principal vehicle for resolution of the solvency of asset quality problems that have risked the banking system in the last two years and it provides an alternative to the liquidation of distressed banks. AMCON is a vehicle for recapitalizing these institutions. Home About Adverts Contact. Ahmed Kuru, who did not vill 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.

Your email address will not be published. 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, which 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.

A promise made, a promise kept. The face value of the bonds was N3. There is a sunset date for AMCON and it is expected to have bil its mandate before the sunset date.

Debt Recovery: Reps To Speed Up Amending AMCON Bill

The Report on the Bill is out and will soon be presented before the House. Doing Business in Nigeria. Efficient utilization of taxes will boost taxation in Nigeria- Institute.