curator
Administrator
#Nigeria stands the risk of losing $31 million, about N4.96 billion as Mr. Mustafa Chike-Obi, Managing Director and Chief Executive Officer, Asset Management Corporation of Nigeria, #AMCON, yesterday, admitted that it was a mistake on the part of the corporation to have acquired a private jet as part of its debt recovery efforts.
He stated this while speaking at the Board of Directors Association of Nigeria, BDAN symposium on ‘The impact of AMCON on the Nigerian Economy’ in Lagos.
Indications emerged that #AMCON might have difficulty in recovering the $31 million spent in the acquisition of the jet, as Chike-Obi disclosed that #AMCON “ïs currently experiencing difficulties in selling off the jet.”
It was learnt that the corporation had been incurring storage costs on the plane in the last eight months in order to continue to keep it airworthy.
Chike-Obi said #AMCON was offering to sell the jet for $28 million, but it has been gathered that prospective buyers are offering far below the amount.
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Source: #Vanguard
He stated this while speaking at the Board of Directors Association of Nigeria, BDAN symposium on ‘The impact of AMCON on the Nigerian Economy’ in Lagos.
Indications emerged that #AMCON might have difficulty in recovering the $31 million spent in the acquisition of the jet, as Chike-Obi disclosed that #AMCON “ïs currently experiencing difficulties in selling off the jet.”
It was learnt that the corporation had been incurring storage costs on the plane in the last eight months in order to continue to keep it airworthy.
Chike-Obi said #AMCON was offering to sell the jet for $28 million, but it has been gathered that prospective buyers are offering far below the amount.
Click here to read more
Source: #Vanguard
