Nigeria’s Vice President, Prof Yemi Osinbajo has said Asset Management Corporation of Nigeria, AMCON, made a total of 307 Billion naira for debt recovery in two years.
This was contained in a statement made on Wednesday by the Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Laolu Akande.
Osinbajo, in his remarks, while receiving a report from an Inter-government Committee set up to recover debt owed to the AMCON, disclosed that the agency recorded 10 percent performance growth in the period under review.
He urged the Committee not to relent on its assignment with the institution of bankruptcy proceedings, tax infractions and ensure debtors are brought under AMCON’s recovery net.
It is recalled that members of the Inter-Agency Committee inaugurated in 2019 are made up of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, AMCON and other agencies.
The National Pension Commission (PenCom), says over 84,000 Nigerians have enrolled in the ongoing Micro Pension plan.
The head, Micro Pension at PenCom, Dauda Ahmed, disclosed this to newsmen at the ongoing Lagos International Trade Fair organised by the Lagos Chamber of Commerce and Industry (LCCI).
According to Ahmed, over 84,000 Nigerians have registered for the initiative while adding that there has been a huge spike in enrollments in the last two months.
He explained that about 90 per cent of workers in Nigeria were in the informal sector and most of them do not have pension protection for old age, adding that with the increase in people living long, there is a risk of old age and poverty.
He, however, noted that in addition to improving the standard of living of the self-employed on retirement, the micro pension scheme secures financial autonomy and independence of retirees.