Asset Management Corporation of Nigeria (AMCON) will on Wednesday, publish in
some national newspapers, the names of about 200 firms and their directors,
whose total outstanding bad debts have been put at N900 billion.
According
to the corporation, companies to be affected are those that have defaulted on
their debt payment obligations to AMCON and failed to respond to its repeated
calls for discussions on their repayment plans.
The
Managing Director of AMCON, Mr. Ahmed Kuru, revealed this in an exclusive
interview with journalist in Lagos Monday.
He
however declined to mention the names of the affected companies, saying they
would be made public tomorrow at the latest.
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