CBN, AMCON send confusing signals on N275bn debts

Central Bank of Nigeria (CBN) and Asset Management Corporation of Nigeria (AMCON) on the N275 billion debts of Zenon oil, Seawolf and Geometric, whose directors were included on the list of those barred from accessing loan facilities from banks.AMCON had last year regarded the loans by the three companies as performing, but took them over from the banks due to what it described as their possible systemic risk.
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