The Asset Management Corporation of Nigeria (AMCON) has called on the judiciary to expedite the resolution of cases involving its operations, citing the importance of adhering to the 60-to-90-day timeframe outlined in the AMCON Act.
According to the Managing Director and Chief Executive Officer, Gbenga Alade, timely judicial intervention is essential for recovering billions of naira in unresolved debts and fulfilling the corporation’s mandate.
Speaking at a stakeholders’ retreat in Lagos, organised in collaboration with the Senate Committee on Banking, Insurance, and Other Financial Institutions, Alade noted that AMCON is currently burdened with over 3,000 unresolved cases.
He emphasised that judicial efficiency is critical to addressing these challenges and enabling the corporation to meet its statutory goals.
He said: “We have more than 3,000 cases in various courts around the country; from the court of first instance to the Supreme Court. We have continued to deepen our interaction with the leadership of these courts.”
