In a renewed move to accelerate the recovery of over N4.6 trillion in outstanding debts, the Asset Management Corporation of Nigeria (AMCON) has outlined fresh strategies aimed at intensifying pressure on chronic debtors, with a major emphasis on strengthening collaboration with its Asset Management Partners (AMPs).
The initiative was unveiled at the weekend during an interactive session held in Abuja, where AMCON’s new executive management team, led by Gbenga Alade as managing director/chief executive officer, hosted AMPs under the theme “AMCON Debt Recovery in Renewed Hope Paradigm.”
Speaking at the forum, Adeshola Lamidi, AMCON’s Executive Director in charge of Resolution, highlighted the Corporation’s new direction, which involves more practical and proactive methods to debt recovery. He emphasised that the renewed engagement with AMPs would not only be sustained but scaled up for greater efficiency. Lamidi said the session served as a platform to reflect on the journey so far, assess recovery mechanisms, and chart a more effective path forward.