On Friday, the AMCON made the appeal at an action retreat jointly organised by his committee and the management of AMCON in Abuja.
Senator Uba Sani, the Chairman, Senate Committee on Banking, Insurance and other Financial Institutions says the management of the Asset Management Corporation of Nigeria has pleaded to the National Assembly to intervene in recovery of debts.
He said:
“Participants expressed concern at the strategies and tactics being employed by debtors to stall the repayment of loans. Cases drag on in courts for many years.
“AMCON has remained at the receiving end of this well-laid and orchestrated acts of economic sabotage.
“The management of AMCON made a passionate appeal to the National Assembly to come up with key legislative interventions to strengthen the institution and make assets recovery less cumbersome.”
He added;
“AMCON strongly believes that the provision for a Loan/Credit Tribunal will assist in its loan recovery efforts.”
