Reporting News and opinions
Get the Loan. (This is the easy part). Preferably a large, multi-billion naira sum from a struggling bank. Use your political clout as collateral – it’s worth more than anything tangible!
The Asset Management Corporation of Nigeria (AMCON) represents one of Nigeria’s most significant financial interventions in response to systemic banking distress. Its debt enforcement history reflects a blend of aggressive statutory powers, evolving legislative enhancements, notable operational successes, persistent challenges, and occasional perceptions of uneven application influenced by political or economic factors. Below is a thorough, chronological exploration of AMCON’s enforcement journey, including context, key mechanisms, statistics, notable cases (with nuances around the Ben Murray-Bruce/Silverbird matter), challenges, and broader implications.
His administration, he argued, is practical rather than bureaucratic. It is interested in action, not process. The legacy programmes of his predecessor, Godwin Obaseki, have largely been dismantled. EdoBEST has gone. The Security Control Centre has gone. EdoGIS is going. Consultants have gone. Due process, one gathered, has become something to be viewed with suspicion rather than embraced as the machinery through which modern government functions.
There are two kinds of students in life. The first studies history in order not to repeat the mistakes of the past. The second studies history carefully, identifies where the money was hidden, and repeats the exercise with greater efficiency.
The Steve Oronsaye Report formally titled the Report on the Restructuring and Rationalization of Federal Government Parastatals, Commissions, and Agencies is a landmark 800-page public service reform blueprint submitted to the Nigerian government in 2012.
