Home POLITICS We Recovered N282.5M From AMCN – Gov. Bello

We Recovered N282.5M From AMCN – Gov. Bello

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On Friday, Governor Bello Matawalle of Zamfara State obtained from the Assets Management Corporation of Nigeria draft check of N282.5 million surplus cash retrieved from the auction of the state government properties.

The News Agency of Nigeria recalls that several state government moveable properties were auctioned by AMCON at different times under the leadership of ex-governor Abdulaziz Yari.

Malam Yusuf Idris, the Director-General on Press Affairs to the state governor, made this known in a statement on Friday.

He said that Matawalle was presented with the cheque by AMCON’s Intergovernmental Relations Officer, Mr Saad Ahmed in company with the corporation’s Head Legal Department, Mr Albert Nwanzie

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He said the covering letter to the cheque dated August 16, 2019, read in part: “Re-Refunds of excess funds recovered following court judgement in AMCON VS BRIGHTWAY mining and minerals Ltd and 2 others- Suit No FHC/GS/CS/2014 forwarding of original drafts.

“Please find attached the following twenty-nine (29) original drafts totalling 282,525,547,38 in respect of refunds to Zamfara State Government on the settlement sum received in respect of liquidation of the debt of brightway mining and minerals Ltd to AMCON”

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Having received the draft checks on behalf of the Zamfara Government, Matawalle said that his administration would proceed to review all the auctions produced on behalf of the state government in order to recover all funds incorrectly or illegally deducted by banks, businesses or AMCO from the state

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