About 20 Nigerians have been said to be holding the federal
government to ransom as they are owing the country N1.2
trillion.
Committee on Media and Publicity revealed this yesterday at a
press conference.
He added that it is essential for the for the Federal Government
to recover the money so it could help Nigeria to overcome hard
times posed by the economic recession.
“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.”
Other lawmakers also contributed also spoke at the press
conference and urged the federal government not to do
business with companies owing banks until they have settled
their debts, he said.
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