AMCON Amendment Bill ready soon –Reps

The Chairman, House of Representatives Committee on Banking and Currency, Hon. Sir Jones Chukwudi Onyereri, has said the House will within two weeks present the Asset Management Corporation of Nigeria (AMCON) Amendment Bill before the House.

The bill is seeking to further empower and embolden AMCON to go after chronic obligors of the corporation.

A statement by AMCON said Hon. Onyereri made the declaration when he led other members of the committee on a routine oversight function at the corporate head office of AMCON in Maitama, Abuja.

Providing an insight into how the House of Representatives would aide recovery in the next financial year, Hon. Onyereri said, “As speak to you now, I want to assure you that this committee, which I humbly serve as chairman will in the next one or two weeks submit the AMCON Amendment Bill to the House of Representatives for the third reading after which it will be moved to the Senate for final deliberation.

“The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.”

In his remark, the Managing Director/Chief Executive Officer of AMCON, Mr. Ahmed Lawan Kuru, described the oversight visit by the committee as a good feedback mechanism which has over the years afforded the commission the opportunity to rub minds with the legislature as well as draw from the wisdom of the lawmakers to efficiently and effectively pilot its affairs.