The Managing director of the Asset Management Corporation of Naija , Ahmed Kuru don yarn say all the people wey dey behind the over N5trillion debt for Naija, dem bi the ministers and members of the national assembly.
Im yarn dis tori on Wednesday for the July 2019 edition of the Breakfast Meeting, wey the Nigerian–American Chamber of Commerce (NACC) organize.
Make Una read wetin im yarn
“Sadly, these are the calibre of people we respect in Nigeria but these people are not role models. How can you be a role model when you cannot honour a simple obligation?”
That is why I have been consistent in the call for the return of the failed bank act. The way we are handling the issue in the country suggests that we are encouraging a lot of financial rascalities.
“These are men and women who go to banks borrow monies with no intention to pay and in the process bring down banking institutions. It takes a lot for a bank to fail. AMCON just rescued Skye Bank with an investment of nearly N1 trillion.
As AMCON, we have no power to arrest these ‘powerful’ people as we depend largely on judicial processes to recover and we all know the slow pace of judicial processes. We now want to go a step further by working with the ICPC and the EFCC, which will enable us to go investigate the credit processes.”
