Senate submits names of AMCON, NDIC nominees for screening

The Senate President, Ahmed Lawan, on Thursday, submitted names of Asset Management Corporation of Nigeria, AMCON, and the Nigerian Deposit Insurance Corporation, NDIC, nominees to the banking committee for screening. The Senate President, Ahmad Lawan referred the nominations of Ahmed Kuru as Managing Director; Ebelechukwu Uneze; and Aminu Ismail as Executive Directors of the Asset... Continue Reading →

Senate debates bill to allow banks debit loan defaulters’ accounts through BVN

A new bill that will allow banks to deduct money from the accounts of loan defaulters has passed second reading at the Senate. The bill seeks to allow the creditor bank to track the account(s) of loan defaulters through the Bank Verification Number (BVN) and recover past and due obligation without recourse to the borrower. The legislation... Continue Reading →

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