Utazi
Senate passes amended AMCON bill, empowers agency to seize debtors’ assets
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, ...
Enugu by-election: APC conducts primary, vows to resist electoral manipulation
Ahead of the October 31 by-election for Isi-Uzo State Constituency, the Enugu State chapter of the All Progressives Congress, APC, has vowed to resist all forms of electoral manipulation. Newsmen report that the seat became vacant following the demise of the member representing the area, late Hon. Chijioke Ugwueze. It was also learnt that the Peoples Democratic Party, PDP, has chosen the spouse of the late lawmaker as its candidate for the election. But the APC at its primary election on Saturday, held at Ikem Uno Community Primary School, in Isi Uzo Council area of the State elected Engr. Macdonald Ejiofor Okwor, as its consensus candidate, vowing to resist any form of manipulation. Speaking to journalists shortly after the exercise which had Comrade Adolphus Udeh as returning officer, an...
