The Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, has been applauded for his support to the Assets Management Corporation of Nigeria (AMCON CAC Desk).
The Managing Director/CEO, AMCON, Mr. Gbenga Alade, stated Tueday in Abuja during a courtesy call to the Commission.
Gbenga Alade who noted with delight the cordial working relationship between AMCON and CAC lamented that some debtors who misappropriated loans, funds, and properties, among others, still remain elusive, hence the need to strengthen collaboration with the CAC as the custodian of company records.
While underscoring the importance of their operations, the AMCON Managing Director maintained that greater collaboration will enable their newly appointed executive committee to trace and recover lost funds.
To ensure speedy recovery, Gbenga Alade proposed the setting up of the AMCON CAC Desk to expeditiously treat their requests.
He went further to request for waivers on searches, among others, as well as the setting up of a joint legal team to address burning issues.
Responding, the Registrar-General/CEO of the Corporate Affairs Commission, Hussaini Ishaq Magaji, SAN, restated his continued support and collaboration with all stakeholders to ensure the successful discharge of their respective mandates.
On corporate loans obtained from banks, the Registrar-General said the setting up of a joint committee was necessary for a deeper understanding of governing laws with a view to ensuring optimal results.
CAC News reports that the Asset Management Corporation of Nigeria was established on July 19, 2010 to be a key stabilising and revitalising tool aimed at reviving the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy.
The highpoint of the visit was a symbolic exchange of plaques by the RG with the MD of AMCON and group photographs.
