Nigeria’s Vice-President, Prof Yemi Osinbajo, has said the government will deal decisively with individuals and organisations that made the list of high-profile obligors of Asset Management Corporation of Nigeria.
He noted that they had made it impossible for the corporation to resolve its outstanding N5 trillion debt, thereby holding the entire nation to ransom with their bad behaviour.
Osinbajo, who is also the chairman of the Economic Council, said that the government was planning to set up an inter-agency collaboration framework that would comprise relevant government Ministries, Departments and Agencies supervised by his office to ensure that institutions and individuals that were indebted to AMCON were not allowed to do business with government henceforth.
Local media reports said that the Vice-President told the board members and the management of AMCON at the State House, Abuja led by the Board Chairman, Dr. Muiz Banire, that the government would no longer fold its hands and allowed a few individuals that owed AMCON huge sums of money walk freely on the streets in the country.
“I think the time has come for us (Federal Government) to set some examples with some of these top debtors of AMCON, which I believe will set a good example and serve as deterrent to others,” he said.
A statement from AMCON, quoted Osinbajo as saying that he was impressed with the performance of the executive management of AMCON under the leadership of Ahmed Kuru, for the recovery successes that had been achieved so far against all odds.
The statement added that Osinbajo promised that the government would give AMCON whatever support that was necessary to enable it pursue the obligors that had remained recalcitrant.
GIK/APA