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AMCON decries N1 4bn debtors promissory notes

He said some of the promissory notes amounting to N1.385bn will mature in 2024 while others worth N356 million would be ready by July 12, 2021. Abubakar also said AMCON has always worked with the Economic and Financial Crimes Commission (EFCC) in its recovery operations noting that AMCON got N1.178bn recovered by EFCC from nine accounts of debtors owing some banks. The committee chaired by the Deputy Chairman, Rep Sada Soli Jibia also queried and would probe N87m with unclear status in AMCON’s submission. The committee also grilled Heritage Bank’s officials over $11.4m debt owed to the NEXIM Bank.

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