AMCON’s Recoveries from Debtors Rise to N1.1tn 'Sale of Polaris Bank is work-in-progress' Obinna Chima Asset Management Corporation of Nigeria (AMCON) yesterday said it has recovered a total of N1.1
trillion from debtors since its establishment. AMCON Managing Director/Chief Executive Officer, Mr. Ahmed Kuru, said in a telephone interview with
THISDAY that the amount recovered was as at the end of the first quarter of 2020, with cash accounting for about 60 per cent of the recovery, while non-cash assets were
about 40 per cent. The latest figure was an improvement by about N100 billion, compared with the N1 trillion disclosed by the corporation as of the
more of physical content. He said: “So far, we have recovered N1.1 trillion as at the end of the first quarter of
comparable period of 2019. Kuru, however, explained that the outbreak of the COVID-19 pandemic had slowed down the pace of recovery as the task involved
Continued on page 16
NEITI: FG, Others Shared N1.95tn in Q1, 2020... Page 5 Tuesday 12 May, 2020 Vol 25. No 9164. Price: N250
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INEC: Edo, Ondo Polls Must Hold to Avert Constitutional Crisis Timetable out on June 1
Adedayo Akinwale in Abuja and Funmi Ogundare in Lagos Despite the COVID-19 pandemic ravaging the
country, the Independent National Electoral Commission (INEC) has said Edo and Ondo gubernatorial elections must hold in order to avert a constitutional crisis.
It explained that the timetable and schedule of activities for the two elections would be released on June 1. INEC National Commissioner and Chairman,
Voter Education and Publicity, Mr. Festus Okoye, stated this while featuring on The Morning Show, a programme on ARISE NEWS Channel, the broadcast arm of THISDAY
Newspapers. According to him, it's not the electoral body that's insisting that the governorship elections in the two states be conducted but the constitution.
Okoye said if INEC fails to conduct the two elections within the constitutional time frame, it means the electoral Continued on page 16
COVID-19: Buhari Directs Validation of Madagascar Herbal Mixture’s Efficacy Madagascar claims 55 patients recovered after treatment with COVID-Organics 242 new cases bring tally to 4,641 with 902 discharged, 150 dead FG begins WHO clinical trial in FCT, Lagos, four other states THISDAY Dome COVID-19 Testing, Tracing, Treatment Centre to be inaugurated today Martins Ifijeh in Lagos, Olawale Ajimotokan, Onyebuchi Ezigbo in Abuja, Victor Ogunje in Ado-Ekiti, James Sowole in Akure and Daji Sani in Yola Madagascar’s touted herbal cure for COVID-19 is on its way to Nigeria for clinical analysis of its efficacy by the National Institute for Pharmaceutical Research and Development (NIPRD) and the National Agency for Food and Drug Administration and Control (NAFDAC), the Chairman of the Presidential Task Force on COVID-19, Mr. Boss Mustapha, has said. He spoke yesterday at
the task force’s daily press briefing in Abuja and said President Muhammadu Buhari had directed PTF to procure the African herbal mixture, explaining, however, that it, like others in the country, would be subjected to the drug regulatory authorities’ validation before it could be used for the treatment of the patients. He said the president had also directed PTF to go to Guinea Bissau to pick up the mixture better known as COVID-Organics. But, COVID-19’s victims in the country rose to 4,641 Continued on page 8
Military Expresses Regrets over Bomb Incident in Kaduna... Page 6
MINISTERS AT WORK... Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed (left), and the Minister of State, Prince Clem Agba, during a meeting of the Economic Sustainability Committee in Abuja…yesterday