AMCON’s debt to CBN could hit N7trn by 2024

AMCON

The total debt profile of Asset Management Corporation of Nigeria (AMCON) to the Central Bank of Nigeria (CBN) may spike to hit N7 trillion in the next five year. According to Ahmed Kuru, managing director and chief executive officer of the corporation said at the weekend in Abuja that AMCON currently owes the apex bank N4 trillion. Speaking at a two-day Annual Seminar for Justices of the Courts of Appeal which started on Friday, he warned that the debt could spike by as much as 75 per cent to N7…

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