Index to Nigerian Newspapers

The Asset Management Corporation of Nigeria (AMCON)  said no asset has been  underpriced or sold to cronies of the managing Diirector of their agency. Mr. Ahmed Kuru  said to ensure  transparency in sale of assets, an AMCON desk was established in EFCC. It clarified that all proceeds from disposal of assets were officially paid into the Treasury Single Account (TSA). But the EFCC, which is in possesion of the Certificate of Occupancy of the apartments, faulted AMCON for putting up the sale of the property without recourse to it." As at press time it was gathered that AMCON MD has been granted bail by the EFCC. "Kuru is on bail, we will keep you posted "a top EFCC official said.