Finally, Ademola Seriki, ex-minister settles AMCON debt

24th February 2021

Following series of negotiations and eventual restructuring of his huge indebtedness by Asset Management Corporation of Nigeria (AMCON), former Minister of State for Defence and former Supervising Minister for Mines and Steel Development and current Nigeria Ambassador designate to Spain, Ademola Seriki, has fully settled his obligation with the Corporation and collected his letter of non-indebtedness. When contacted, Head Corporate Communications AMCON, Jude Nwauzor confirmed that the former minister Mr Seriki negotiated with the Corporation and both parties eventually reached a settlement term, which has also been fulfilled. “So, having met all conditions as agreed in the terms of settlement he (Seriki) is no longer indebted to AMCON,” Nwauzor explained. He said the gesture shows even though AMCON may be in court with a good number of its obligors, the Corporation is ever ready to listen to the voice of reason especially for responsible debtors who genuinely want to settle their debt amicably without going through a lengthy and unnecessary judicial process.