Nigeria: AMCON has repaid N3.6tn to CBN since inception – MD — Africa Links 24

The Asset Management Corporation of Nigeria, AMCON, says it has repaid about N3.6 trillion to the Central Bank of Nigeria, CBN, since starting operations in 2010.

Its Managing Director, Gbenga Alade, said this during a media parley in Lagos on Wednesday, describing the repayments as “a significant national achievement.”

He explained that AMCON paid N1.7 trillion to acquire toxic bank assets but has since repaid N3.6 trillion, while still owing about N3 trillion overall.

Mr…