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Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer

And that is why, sometimes, the late Sani Abacha's failed bank. You have over N1tn assets that you could dispose to recover part of the bad debt you bought.. How many companies' or people's debts has AMCON taken over?.. content=' dmrljgyilj7pzlbsc' /> <script> (function(w,d,s,u,n,i,f,g,e,c){w. Segun Osuntokun – Bryan Cave Leighton Paisner

Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer Acquisition And Recovering Of Eligible Bank Assets By AMCON Under The AMCON Act Is An Exception To The Doctrine Of Privity Of Contract And Constitutes No Infraction On Any Right Of The Debtor: A Rejoinder To Abubakar D. SaniTFS Financial Co.

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(Published at https://thenigerialawyer.com/recovering-bank-debts-is-amcon-a- meddlesome-interloper-by-abubakar-d-sani-esq/ ) I consider it.

As stated earlier, Sections 33, 34(1) & (2) and 35(1), (2) & (3) of the Asset Management Corporation of Nigeria Act purported to depart from the established principle of privity of contract by empowering AMCON to step into the shoes of banks by assuming their rights vis–vis their customers. The question is: are those provision of the Act valid?

organisations named as major debtors of Union Bank and Sterling Bank in the bad debtors’ lists just released by the two lenders. While Union Bank is. owed a total of N46.02 billion by 176 debtors, the Sterling Bank list showed that the lender is owed a total of N3. 40 billion by 61 firms, totalling N49.42 billion.

Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer Acquisition And Recovering Of eligible bank assets By AMCON. – Acquisition And Recovering Of Eligible Bank Assets By AMCON Under The AMCON Act Is An Exception To The Doctrine Of Privity Of Contract And Constitutes No Infraction On Any Right.

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Establishment of the Failed Banks (Recovery of Debts) and Financial.. (d) subject to this Decree, adopt its own procedure, where expedient, to.

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