AMCON Recovers Over N2 Trillion Bad Debts
AMCON Recovers Over N2 Trillion Bad Debts
The Asset Management Corporation of Nigeria (AMCON) said it has recovered more
than N2 trillion of the N3.7 trillion debts it bought over, representing about
56 per cent settlement rate.
Of the amount recovered, N644 billion is cash, while the balance are tangible
assets.
However, it noted that the balance and a N2.2 trillion "financial accommodation"
it [...]
This Post :
http://www.massivetrendz.com/2016/08/08/amcon-recovers-n2-trillion-bad-debts/
Appeared First On http://www.massivetrendz.com
The Asset Management Corporation of Nigeria (AMCON) said it has recovered more
than N2 trillion of the N3.7 trillion debts it bought over, representing about
56 per cent settlement rate.
Of the amount recovered, N644 billion is cash, while the balance are tangible
assets.
However, it noted that the balance and a N2.2 trillion "financial accommodation"
it [...]
This Post :
http://www.massivetrendz.com/2016/08/08/amcon-recovers-n2-trillion-bad-debts/
Appeared First On http://www.massivetrendz.com
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