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.
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