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Amidst disagreement, Senate passes bill empowering AMCON to seize assets not included as collateral
The bill seeks to empower AMCON to, amongst others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property are used as security/collateral for obtaining the loan. 4 min read
The Senate has passed a bill that empowers the Asset Management Corporation of Nigeria (AMCON) to seize the assets of loan defualters that were not included as collateral when the loan was approved.
The Bill, Asset Management Corporation of Nigeria Act, (Amendment Bill, 2021), was read for the third time and passed amid protest by some lawmakers, who pointed out a major controversial part of the legislation.
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President Muhammadu Buhari, who would later make him minister of communications and digital economy, had forwarded his name alongside 42 others to the federal lawmakers for consideration.
Nearly two years in office, Pantami is in the news over his extremist views in support of terror groups such as Al-Qaeda and the Taliban.
Although the minister has
recanted the pro-Al-Qaeda comments, Nigerians have been tackling the senate for not raising the issue when they screened him.
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Let’s rewind to how his screening went down:
After Pantami was admitted into the red chamber, Senate President Ahmad Lawan told the nominee that he should elaborate on his records as contained in his curriculum vitae and also on other issues that “will be helpful” to the lawmakers.
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History was made on February 16, 2021 when a police officer from Ini Local Government Area of Akwa Ibom State, Celestine Obot Williams, who was wrongfully dismissed from the Nigeria Police Force for a period of 21 years, got re-instated and promoted to the rank of an Assistant Superintendent of Police (ASP).
The promotion was back dated to take effect from June 11, 2020.
The story of his re-instatement/restoration began in 2016 when he submitted a petition to the senator representing Akwa Ibom North East Senatorial District, Senator Bassey Albert Akpan (OBA) requesting for his re-instatement for wrongful dismissal.
In the petition, Senator Albert Akpan requested the Senate to intervene in view of the fact that the police wireless message attached to his request revealed that the appellant, who at the time of the officer’s dismissal, was a constable, was not tried but dismissed for an undisclosed offense.
Police officer recalled after 21 years of wrongful dismissal, promoted vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.