The Asset Management Corporation of Nigeria is set to publish the names of 7,912 debtors owing it a total of N4.4tn, it has been learnt. The move follows the expiration of the 30-day ultimatum given by the National Assembly to debtors to regularise their debt status with the bad debt manager.
The one-month notice elapses on Wednesday (today), January 5, 2021. The corporation confirmed to The PUNCH on Tuesday that the agency had no choice but to obey the directive of the National Assembly asking it to publish the names of debtors who have refused to repay their loans.
The spokesperson for AMCON, Mr Jude Nwauzor, said debtors who were yet to provide a repayment proposal risked having their details published in the media after the 30-day grace period given by the National Assembly.
He said, “AMCON has taken the decision to publish already. The decision has been taken already. It is a directive from the National Assembly. As a responsible corporate citizen, this was why we published an advertorial to warn all the entities concerned that their names will be published at the expiration of the ultimatum. The one-month grace period will be expiring on January 5, 2021.”
