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The Assets Management Corporation of Nigeria (AMCON),says it received the sum of N1, 667, 582, 605.04 recovered by the Economic and Financial Crimes Commission (EFCC) between 2017 and July 5, 2021.
The figure represents loan repayments recoveries which were credited to its Central Bank of Nigeria (CBN) account for the settlement of bond obligations.
This was contained in a letter presented to the House of Representatives Ad-Hoc Committee on Assessment and Status of All Recovered Loots during an investigative hearing on Tuesday.
The letter,which was signed by the Managing Director, Ahmed Lawan Kuru, and Group Head, Enforcement, Joshua Ikioda,gave a summary of the payment, AMCON indicated that remittances to the Corporation in 2017 amounted to N1, 178, 764, 500 for the credit of nine debtors.
For recoveries made in 2019, it said it received N356, 318, 105.08 on 21st September 2020 on account of seven debtors.
AMCON said it received a letter dated 17th December 2019 from the EFCC forwarding promissory notes on account of four debtors to the tune of N1, 194, 778, 813.
The agency added that the notes were returned to the EFCC through a letter dated 28th October 2019 as they were made out by the Debt Management Office.
The letter said that the schedule forwarded to the Corporation by the Committee indicated remittances by EFCC of the sum of 87, 495, 087.50 in 2020. But the agency said it is yet to receive the quoted amount as it might be collections yet to be released to the agency.
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