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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Only 22 States Have Presented Budgets. Buhari Inaugurates 15m Abuja Airport Terminal. In addition to purchasing non-performing loans from the banks. The Central Bank of Nigeria reaffirms that 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.

Sir Jones Chukwudi Onyereri, said this at a three-day retreat in Kano. Mobile Money and Telcos. The AMCON boss, Kuru, described the oversight visit by the committee as a good feedback mechanism, which, he said, had over the years afforded the corporation the opportunity to rub minds with the legislature as well as draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of the corporation.

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. 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.

This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill. Home About Adverts Contact.

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This site uses cookies: Pin It on Pinterest. He therefore said that AMCON having achieved remarkable milestones in the amcn 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. This will pave the way for its passage after a third and final reading.

The bill is seeking to further empower and amcn AMCON with more powers to go after chronic obligors, according to a statement from the corporation on Tuesday.

Sorry, your blog cannot share posts by email. Igbo should be given chance — Obasanjo December 30, The committee is satisfied with the performance, which would also help the committee make projections and also provide guidance as the case may be against their budget.

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At Last Legendary Rev Fr. The Bill has thus been referred to the Senate Committee on Banking, Amcin and other Financial Bil, to work with Committees on Capital Market and Finance to conduct a public hearing and report back to the Senate within a maximum period of four weeks.

The Enemy of Good Governance in Gombe.

Kuru in his remark described the oversight visit by the committee as a good feedback mechanism, which has over the years afforded AMCON the opportunity to rub minds with the legislature as well as draw from the wisdom of the lawmakers to efficiently and effectively pilot the affairs of AMCON. Ahmed Lawan Kuru, the lawmaker reaffirmed the commitment of the House of Representatives to support AMCON recover the huge outstanding debt in the hands of a few recalcitrant obligors.

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.

AMCON is a vehicle for recapitalizing these institutions. To receive our NEW investment newsletter containing intelligent investing news, data, analysis and research, type in your e-mail address.

House of Reps pledges quick passage of AMCON amendment bill

Hamzat lied amcno me, says Jonathan December 31, Doing Business in Nigeria. Providing an insight into how exactly the House of Representatives would aide recovery in the next financial year, Onyereri was quoted in a statement to have bipl He said the committee had thoroughly reviewed the budget performance of blil corporation in relation to what was approved for it. It will be recalled that the Bill had already gone through second reading at the House and a public hearing was held on Thursday 28, January December 30, 4: There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date.

The committee has worked tirelessly to ensure that when the bill is passed, AMCON will be further empowered to deliver on its mandate. 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. Fear grips Nasarawa monarchs over sect that promotes fornication, adultery Punch.

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Amdon One Min News.

NASS will work for quick passage of AMCON amendment bill -Onyereri – Sabi News

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House of Reps pledges quick passage of AMCON amendment bill – Vanguard News Nigeria

He noted that House of Representatives Committee 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 amon AMCON to review their budget performance within the financial year. The Report on the Bill is out and will soon be presented before the House.

The bill, when passed into law, will ensure the Corporation gets all needed support from the National Assembly xmcon meet its mandate.

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.

Debt Recovery: Reps To Speed Up Amending AMCON Bill

Notify me of new posts by email. There is a sunset date for AMCON and it is expected to have achieved its mandate before the sunset date. Bashir Ifo Awarded Djondo Fellowship.

The bill is seeking to further empower and embolden AMCON with more powers to go after chronic obligors of the Corporation. A promise made, a promise kept. Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time in the life of the Corporation further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court. This Bill is very important and we promise to work with the Senate in ensuring a quick passage of the Bill.

Ahmed Kuru, who did not hide the fact that AMCON needs support at this critical time in the life of the Corporation, further informed members of the House Committee that obligors of the Corporation are getting bolder by the day and employing all kinds of tricks to tie AMCON up in court.

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