NDIC Engages External Solicitors to Boost Debt Recovery Efforts   The Nigeria Deposit Insurance Corporation (NDIC) has tasked its external solicitors to intensify their efforts in supporting the corporation's debt recovery and asset realization initiatives. This was disclosed by the Managing Director/Chief Executive, NDIC, Bello Hassan, on Thursday...

Senate Vows To Back AMCON’s Debt Recovery Drive   The Chairman Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, has reiterated the willingness of the National Assembly to continually support the debt recovery efforts of Asset Management Corporation of Nigeria. The Senator made...

AMCON Seeks NASS Support In N5trn Debt Recovery     As its debt portfolio continues to rise, the Asset Management Corporation of Nigeria (AMCON) has called on the National Assembly to support its efforts in recovering the debt of over N5 trillion from obligors. According to the Corporation,...

Banks Implement Fresh CBN Guidelines On Debt Recovery   Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks. Experts who spoke to our correspondent said the...

NNPC Wants DSS's Assistance On Debt Recovery, Vandalism   The Group Managing Director of the Nigerian National Petroleum Corporation, Mr Mele Kyari, has asked the Department of State Services to assist the NNPC in its effort to recover outstanding debts as well as curb pipeline vandalism. Kyari...

AMCON: N5trn Debt Recovery, Challenge To Nigerians   The Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Mr. Ahmed Lawan Kuru has reiterated that the over N5trn bad debts, which Nigerians expect the corporation to fully recover before its sunset should be seen as...