By Our Reporter
ABUJA (PRECISE POST) – The Asset Management Corporation of Nigeria (AMCON) and the Nigerian Financial Intelligence Unit (NFIU) have reaffirmed their commitment to strengthening collaboration on asset tracing and recovery as part of efforts to enhance accountability and protect the integrity of Nigeria’s financial system.
This formed the focus of a courtesy visit by the Managing Director and Chief Executive Officer of Asset Management Corporation of Nigeria (AMCON), Mr. Gbenga Alade, to the Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Mrs. Hafsat Abubakar Bakari, at the NFIU headquarters in Abuja.
During the meeting, both institutions discussed ways to deepen cooperation in tackling non-performing loans, improving asset recovery mechanisms, and strengthening accountability within Nigeria’s financial ecosystem.
Alade stressed the need for stronger institutional synergy between AMCON and the NFIU, noting that enhanced collaboration would facilitate more effective recovery of distressed assets while promoting financial discipline across the country.
He emphasized that closer cooperation between the two agencies would help address challenges associated with loan recovery and contribute to greater transparency and efficiency in the management of financial assets.
In her remarks, Bakari reiterated the NFIU’s commitment to supporting lawful financial intelligence sharing in line with Nigeria’s anti-money laundering regulations and data protection frameworks. She underscored the importance of collaboration among relevant authorities in safeguarding the nation’s financial system and boosting stakeholder confidence.
The two agencies expressed optimism that their strengthened partnership would advance asset recovery efforts, reinforce financial integrity, and support the development of a more accountable and resilient economy in Nigeria.
