A report by the Central Bank of Nigeria (CBN) has revealed that liabilities of the Asset Management Corporation of Nigeria (AMCON) was N5.72 trillion as of the end of June 2022.
The Financial Markets Department of the CBN made this known in its ‘Half-year activity report 2022’ released on Thursday.
According to the report, of this amount, AMCON notes, with an outstanding balance of N3.86tn, and the loan (Debenture) of N500bn accounted for 76.27 per cent of the liabilities.
“The notes are due to mature on December 27, 2023 and the N500bn loan is due for redemption on December 30, 2022,” it stated.
AMCON had in a recent statement said that the Senate appealed for more support for its recovery drive
