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The Asset Management Company of Nigeria (AMCON) is trying to recover N4 trillion debts from debtors, Managing Director Gbenga Alade said yesterday.
He said the company has successfully recovered N2 trillion from debtors, who put up stiff resistance to offset their debts.
Alade, who spoke with reporters in Lagos, lamented that those who owe are eminent Nigerians, politicians, public officers, captains of industry and other celebrities.
He said that many debtors live in opulence and flaunt their ill-gotten wealth, adding that they also abuse the currency by spraying money at social events.
Alade thanked the Economic and Financial Crimes Commission (EFCC) for cooperating with the company in the discharge of its statutory responsibilities.