The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
The Chairman, Senate Committee on Banking, Insurance and other Financial Institutions, Senator Uba Sani, and the Kaduna State chapter of the Christian Association of Nigeria (CAN) have condemned the spate of killings in communities in Kajuru Local Government Area of the state. In separate statements issued on Thursday in Kaduna, they decried the ugly situation in the communities and sued for peace. In his statement, Sani, who represents Kaduna Central Senatorial District which include Kajuru, said he was “pained over renewed Fulani/Adara hostilities” in the area and called for restraint among the two groups. He noted that the Fulani and Adara communities have been living in peace for decades, adding that just like other communities in Nigeria and across the world, misunderstandings and cha...