AMCON Wins ‘Debt Recovery Agency of the Year’ Award

The Asset Management Corporation of Nigeria (AMCON) said it was at the weekend honoured as “Debt Recovery Agency of the Year 2016,” by Nigeria NewsDirect Newspapers, during the sixth edition of the newspaper’s annual lecture/award ceremony in Lagos.

The Publisher/Editor-inChief of the newspaper, Dr. Samuel Ibiyemi said AMCON in 2016 was the undisputed debt recovery agency in Nigeria given its huge contribution to the economy with the recovery of over N681.5billion from chronic debtors that were hitherto recalcitrant before the arrival of the current management of AMCON led by Mr. Ahmed Kuru as Managing Director/Chief Executive Officer.

Asides from that, he said it was no mean feat that AMCON oversees assets worth over N5 trillion in critical sectors of the economy. This he said was in addition to AMCON’s earlier intervention in the banking sector, which ensured that banks in Nigeria did not go under among other achievements.

He said in a statement that it was for these reasons and more that the Editorial Board of the daily newspaper unanimously agreed that AMCON, which he described as a ‘worthy government agency,’ needed to be singled out for commendation for the service they are doing to the nation.

In his speech at the event, the AMCON boss commended the management and staff of Nigeria NewsDirect newspapers for initiating and sustaining the award in the last six years and for the recognition of AMCON. Kuru said, “Given the nature of the assignment of AMCON, awards such as this usually come to us as a surprise.”