House of rep member claim 20 people owe Nigeria N1.2 trillion | Welcome to Linda Ikeji's Blog

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Friday, 28 October 2016

House of rep member claim 20 people owe Nigeria N1.2 trillion

The chairman, House of Representatives Committee on Media and Publicity; Abdulrazak Namdas disclosed that 20 Nigerians are owing the federal government N1.2 trillion and that recovering that money could help Nigeria to overcome hard times posed by the ongoing recession. Speaking at a press conference yesterday, Abdulrazak said;
“As we all know we are in a recession. AMCON was established between 2007 and 2009 as a response to global financial crisis. The Federal Government through ministry of finance guaranteed a loan that AMCON should raise 5.67 trillion naira, this was to save some of these failing financial institutions at that time, AMCON cannot recover its 2.473 trillion.
 This is a time we need this resources and this debt is piling up and people owing this money are still leaving and kicking and infact they don’t appear to have issues, some of them own private jets. If we can invest that money into the economy, it will assist the economy very well and it will interest you to know that out of this 2.4 trillion only 20 individuals have about 1.2 trillion to cough out.”
Earlier, the house of representative mandated its committee on banking and currency to investigate the failure of bank debtors to pay up their loans to the tune of N2.4 trillion. They noted that if these loans are paid by the debtors/obligos, it would enable AMCON to redeem its three years zero coupon.
 “The resolution by the house was sequel to a motion on matters of public importance sponsored by Johnbull Shekarau from Plateau state. While moving the motion on the floor, the house said federal government through the ministry of finance and the Central Bank of Nigeria (CBN), had provided the initial capital and a three years zero coupon to allow AMCON raise N 5.67 trillion for intervention. Six years after, AMCON is yet to recover over N2.463 billion from obligos/bank debtors to enable three years zero coupon bond it acquired,” Johnbull said.
The lawmaker added that the inability to recover this amount has serious implication on the economy especially in this recession.

Several lawmakers also contributed to the debate and urged the federal government not to do business with companies owing banks until they have settled their debts, he said.

15 comments:

Unknown said...

Who ar dose 20criminals plz?

Chizzy Liz said...

****************************ginikwanu ka unu na eche ije nwukota fa ???????? Aguu noro here na ado ayi eriri ********bia unu na akokwa mgbu oooo

Chizzy Liz said...

****************************ginikwanu ka unu na eche ije nwukota fa ???????? Aguu noro here na ado ayi eriri ********bia unu na akokwa mgbu oooo

Unknown said...

Na waoh...,it's well!

Unknown said...


LOL this people are funny oo they are about to render some Nigerians jobless cos those company owning the federal government will not b able to pay now not in this economic crises so their will either pack their company up in order to pay or reduce their worker.God help my country oooo we are finished hmm

Unknown said...

The Resolution of the House of Representatives is in order, loan defaulters should be blacklisted from doing any business with the Federal Government.

Unknown said...

Another stupid observations, opinion and information, I keep telling people that the so called house of rep members have little or nothing to offer,who are the people involved if I may ask.

JEMBETE(KEY-POINT) said...

UNA WANT BRING NEW TOPIC FOR APC MEMBERS TO TALK ABOUT

Unknown said...

ok

@buyandsellmavro

Unknown said...

HAHAHA
-D great anonymous now as Vivian Reginalds

Joel Hechimenum said...

Thats not my business ni o!

Nigerian blogger!

SAY THE TRUTH said...

If they cannot name those people..They should shut up their mouths and look for something else to discuss...mtchewwwww

Eddy Ogbunambala said...

Hmmm

Anonymous said...

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Anonymous said...

In my opinion,not 20 but every member of this senate each owe Nigeria...sweeping Hon. Jibrin's accusations under the mat is fraudulent..when most of the accused belong to APC...Dogara and others manipulated a whole nation's budget and almost 100days now they are still in power...no one has been questioned by the EFCC criminal bulldogs...so sad

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