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Prof Osinbajo receives AMCON debt recovery report

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Prof Osinbajo receives AMCON debt recovery report

The Vice President of Nigeria, Prof Yemi Osinbajo on Wednesday received an Interim Report from an inter-agency committee set up on the recovery of debts owed to the Asset Management Corporation of Nigeria (AMCON).

Members of the Committee led by its Chairman, Bolaji Owasonoye, who is also the Chairman of the Independent Corrupt Practices Commission (ICPC) submitted the report to the VP at the Presidential Villa in Abuja.

Osinbajo said the government would review the report and act accordingly, observing that the issue of AMCON debtors doing further business with government agencies is a due diligence matter and there would have to be compliance with the requirements of the law.

Specifically, the Committee proposed an advisory to the Federal Government that going forward, “all AMCON debtors must not be allowed to transact business or enjoy patronage with any government agency whatsoever, except clearance is obtained from AMCON on the debt status of such obligors,” according to Owasonoye.

“Between 2020 and 2021, AMCON made significant recoveries which are highlighted in the report. Within the period under review, AMCON witnessed 10% growth in the recovery performance across various asset classes.

“For instance, in the year, 2020, the sum of N146 Billion was recovered, while in 2021 the sum of N161 Billion was also recovered. The recovery outlook for 2022 is also looking positive and the Committee will not relent in its effort to engendering more recoveries,” he stated.

He added that the committee will continue its assignment with the institution of bankruptcy proceedings, tax infractions, inquiry as well as other strategies to ensure the obligors are brought under the recovery net of AMCON.

The mandate of the committee, which was inaugurated in September 2019,  includes the review of the status of debt owed to AMCON, collating information relating to respective debtors and their current status, deliberating on practical, legal and other strategies for the recovery of the outstanding debt, among others.

The meeting was attended by the Managing Director and Chief Executive Officer of AMCON, Ahmed Kuru, as well as representatives of agencies including the ICPC, Federal Ministry of Justice; Nigerian Financial Intelligence Agency; Nigerian Deposit Insurance Corporation; Central Bank of Nigeria; Department of State Services; and the Economic and Financial Crimes Commission.

Prof Osinbajo receives AMCON debt recovery report
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Gombe gov. congratulates new NUJ National President

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Gov. Inuwa Yahaya of Gombe State has congratulated Alhassan Yahya on his election as National President of Nigeria Union of Journalists (NUJ).

Yahaya, in a congratulatory message issued to newsmen on Thursday in Gombe, expressed joy over Yahya’s ‘resounding victory’ at the just-concluded 8th Triennial Delegates’ Conference in Owerri, Imo.

The governor, in the statement issued by his Media Aide, Mr Ismaila Uba-Misilli, described Alhassan’s victory as a remarkable achievement and source of immense pride for the state and the entire journalism community.

He praised Alhassan’s journey and impressive rise in the NUJ leadership.

“From your humble beginning at the chapel level, to the state, zonal and now the national level, you have showed consistency, demonstrated unmatched courage, integrity and passion for journalism and the welfare of journalists.

“Your election as the national president of NUJ is a reflection of the trust journalists across Nigeria have in your capacity to lead.

“Your commitment, integrity and vision have made you a shining example of what it means to be a leader in the field of journalism and I commend you for these sterling attributes,” he said.

Yahaya, while expressing confidence in Alhassan’s ability to unite and lead the union toward progress and professionalism, assured him of the support, solidarity and goodwill of the government and people of the state.

“We are confident that under your leadership, NUJ will witness a new era of progress, unity and professionalism that will further elevate the role of journalism in promoting national development,” he said.

The governor acknowledged the vital role of a united and committed press in advancing democratic ideals and national development.

He also praised journalists for the peaceful conduct of the election, while wishing the new NUJ leadership a successful and impactful tenure.

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Headlines

Gombe gov. congratulates new NUJ National President

Published

on

Gov. Inuwa Yahaya of Gombe State has congratulated Alhassan Yahya on his election as National President of Nigeria Union of Journalists (NUJ).

Yahaya, in a congratulatory message issued to newsmen on Thursday in Gombe, expressed joy over Yahya’s ‘resounding victory’ at the just-concluded 8th Triennial Delegates’ Conference in Owerri, Imo.

The governor, in the statement issued by his Media Aide, Mr Ismaila Uba-Misilli, described Alhassan’s victory as a remarkable achievement and source of immense pride for the state and the entire journalism community.

He praised Alhassan’s journey and impressive rise in the NUJ leadership.

“From your humble beginning at the chapel level, to the state, zonal and now the national level, you have showed consistency, demonstrated unmatched courage, integrity and passion for journalism and the welfare of journalists.

“Your election as the national president of NUJ is a reflection of the trust journalists across Nigeria have in your capacity to lead.

“Your commitment, integrity and vision have made you a shining example of what it means to be a leader in the field of journalism and I commend you for these sterling attributes,” he said.

Yahaya, while expressing confidence in Alhassan’s ability to unite and lead the union toward progress and professionalism, assured him of the support, solidarity and goodwill of the government and people of the state.

“We are confident that under your leadership, NUJ will witness a new era of progress, unity and professionalism that will further elevate the role of journalism in promoting national development,” he said.

The governor acknowledged the vital role of a united and committed press in advancing democratic ideals and national development.

He also praised journalists for the peaceful conduct of the election, while wishing the new NUJ leadership a successful and impactful tenure.

 

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Crime

Court remands man for allegedly causing death of his unborn child

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An Iyaganku Chief Magistrates’ Court sitting in Ibadan on Thursday ordered the remand of a 52-year-old man, Taiwo Olaniyan, in Agodi correctional facility for allegedly causing the death of his unborn child.

The Chief Magistrate, Mrs Olabisi Ogunkanmi, who did not take the defendant’s plea for lack of jurisdiction, ordered his remand in Agodi correctional facility, Ibadan.

Ogunkanmi held that the defendant would remain in custody pending receipt of advice from the Directorate of Public Prosecution (DPP).

She, thereafter, adjourned the matter till Dec. 12 for mention.

Earlier, the Prosecutor, Cpl. Akeem Akinloye, had arraigned the defendant, who resides at Apata area of Ibadan, on a three-count charge bordering on assault and causing death of an unborn child.

Akinloye told the court that the defendant had, on May 2018, assaulted his wife, Rukayat Babajide, by inflicting injury on her.

He said that the defendant caused the death of the foetus due to his assault on his wife during pregnancy.

The prosecutor said that the couple had been married for 14 years, with two children.

According to him, the offences contravene Section 316 and punishable under Sections 319, 328 and 355 of the Criminal Code Laws of Oyo State, 2000.

NAN reports that if found guilty of the charges, the defendant maybe sentenced to three years imprisonment under section 355, while section 328 stipulates life imprisonment and section 319 death sentence for any convicted offender.

 

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