’Femi AsuThe Asset Management Corporation of Nigeria has said that over 5,000 debtors have gone into hiding, with some of them changing their addresses. AMCON was established by the Federal Government in 2010 to buy bad debts from banks and ensure stability in the financial sector. Quite a lot of them have gone into hiding. “The import of our advert is that hiding will not help; we just want to talk to you. We bought 14,000 loans, and when you talk about 14,000 businesses and individuals, it is not a small number.

Source: Punch June 01, 2018 23:37 UTC