Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer A bad debt is a debt owing to a business that it considers will never be paid. One of these should be the buyer’s bank, and the other a trader with whom the buyer has previously done business.
By Abubakar D. Sani, Esq – TheNigerialawyer asset management corporation of Nigeria (AMCON) – Notice to amcon debtors. The ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON) is saddled with the statutory responsibility amongst others of recovering the non -performing loan hitherto disbursed by eligible financial institutions (Banks) to their Customers.Take a trip into an upgraded, more organized inbox.
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Acquisition And Recovering Of Eligible Bank Assets By AMCON Under The AMCON Act Is An Exception To The Doctrine Of Privity Of Contract And Constitutes No Infraction On Any Right Of The Debtor: A Rejoinder To Abubakar D. Sani
As stated earlier, Sections 33, 34(1) & (2) and 35(1), (2) & (3) of the Asset Management Corporation of Nigeria Act purported to depart from the established principle of privity of contract by empowering AMCON to step into the shoes of banks by assuming their rights vis–vis their customers. The question is: are those provision of the Act valid?
– Acquisition And Recovering Of Eligible Bank Assets By AMCON Under The AMCON Act Is An Exception To The Doctrine Of Privity Of Contract And Constitutes No Infraction On Any Right Of The Debtor: A Rejoinder To Abubakar D. SaniWhen applying for a mortgage, the type that you choose will likely come down to what suits your circumstances.
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Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer The Advantages and Disadvantages of Arbitration. – TheNigerialawyer – Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D.. June 12 And The Lion’s Den By Ebun-Olu Adegboruwa, Esq.