AMCON BILL PDF

“The committee has worked tirelessly to ensure that when the Bill is passed, AMCON will be further empowered to deliver on their mandate.”. Barely one week after the Senate Committee on Banking, Insurance and other Financial Institutions called on President Muhammadu Buhari to. “The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate.”.

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Onyereri who was addressing his colleagues in the Ancient City of Kano at the opening of a three-day retreat said given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and the judiciary must ensure that the recovery agency of government meets its obligation within the expected and acceptable timeframe.

This site uses cookies: The AMCON, is the principal vehicle for resolution of the solvency of asset quality problems that have risked the banking system in the last two years and it provides an alternative to the liquidation of distressed banks.

With these developments in the National Assembly, the Central Bank hopes that all skepticisms around the establishment of AMCON and unguarded speculations around political support for the reforms have been put to rest. It also holds the promise of reducing the debt overhang on capital market operators, thus giving the much needed stimulus to the capital market.

AMCON Amendment Bill ready soon –Reps

In addition to purchasing non-performing loans from the banks. Blil Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill. He however assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent just as it would continue to persevere in the face of adversity posed by the difficult socio-political and economic environment. We think amcn love these too Cancel Reply Your email address will not be published.

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AMCON Amendment Bill ready soon –Reps – Daily Trust

Pin It on Pinterest. Only 22 States Have Presented Budgets. State and Local Govts. Notify me of new posts by email. Bashir Acon Awarded Djondo Fellowship. He therefore said that AMCON having achieved remarkable milestones in the last seven and half years of its creation, is willing to deliver even more if given the needed support from all key stakeholders such as the legislature, the judiciary, the executive among others.

Doing Business in Nigeria. There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date.

AMCON Bill Sent For Presidential Assent

The committee is satisfied with the bilo, which would also help the committee make projections and also provide guidance as the case may be against their budget. You would be the first to know the latest happenings around the Financial Market on Register.

AMCON is a vehicle for recapitalizing these institutions. The face value of the bonds was N3. Next Post Esan National Congress rejects cattle colony proposals. He said AMCON today has over 3, cases, and counting in different courts across the country with obligors who have the means amcno pay; are still doing business with other names but have vehemently refused to pay what they owe AMCON.

This will pave the way for its passage after a third and final reading. All One Min News. Leave a Reply Cancel reply. He assured the lawmakers that the current management of AMCON under his leadership would continually remain prudent and persevere in the face of the adversity posed by the difficult socio-political and economic realities in the country.

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The Central Bank of Nigeria reaffirms amdon it continues to receive the total support and cooperation of the leadership and members of both arms of the National Assembly in its effort to restore and entrench financial stability and good corporate governance in Banks.

At Last Legendary Rev Fr. Ahmed Kuru AMCON He noted that given the sunset date of AMCON, which he stated was created by the government not to operate in perpetuity, the National Assembly, the executive and zmcon judiciary must ensure that the recovery agency of government meets its obligation within the expected and acceptable timeframe.

He noted that House of Representatives Amcoh on Banking and Currency owe it a duty to Nigerians as mandated by the constitution of the country to visit some of the critical institutions such as AMCON to review their budget performance within the financial year.

Home About Adverts Contact. He said the committee had thoroughly nill the budget performance of the corporation in relation to what was approved for it. This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill.

The Report on the Bill is out and will soon be presented before the House.