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Rwanda: UK-Rwanda Deal - One Must First Live in Rwanda Before Any Criticism
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صوت السلام في مجلس الأمن
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AMCON’s disobedience of court orders must stop
On
By Ovie Edomi
The Civil Liberties Organisation,CLO, has continued to campaign for good governance, rule of law and true democracy. This it demonstrated again when the CLO addressed media on a matter concerning AMCON and a recent court order in which the human rights organisation disclosed during the press conference some fundamental issues.
In the words of Edmund Burke,”all it takes for evil men to take over the society and poison it, is for good men to stand aloof and do nothing.”
Indeed, we cannot keep watching things go wrong and we keep mute. We must do something right if we want posterity to judge us fairly.
Managing Director, AMCON, Ahmed Kuru. Photo/FinancialNigeria
Since the Asset Management Corporation of Nigeria (AMCON) was founded, the Corporation has approached its legal mandate with dexterity and alluring passion. But this is also certainly not without force and brutalities that have left roll calls of deaths of innocent citizens and collapse of businesses. Hence across Nigeria, many Nigerians have several scary stories to tell about AMCON. It is time for AMCON to shift focus to CORPORATE RESCUE MISSION as enunciated in CAMA 2020.
No doubt, AMCON was established by law in 2010 to buy bad debts from banks, using the Treasury Bill’s money to stabilize the country’s financial institutions. The entire concept was to make banks liquid by buying toxic loans from banks and liaising with the obligor/debtor to provide the obligor/debtor with a conducive environment to repay the debt. If I may ask, was AMCON established to generate profit or to stabilize the financial sector? If AMCO
AMCON should consider CAMA 2020 corporate rescue mission before liquidation
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