In a major move to crack down on non-performing loans (NPLs) and enhance accountability within Nigeria’s financial system, the Managing Director and Chief Executive Officer of the Asset Management Corporation of Nigeria (AMCON), Gbenga Alade, has led a strategic delegation on a courtesy visit to the Chief Executive Officer of the Nigerian Financial Intelligence Unit (NFIU), Hafsat Abubakar Bakari.
The meeting, which held at the NFIU Headquarters in Abuja, focused on deepening institutional cooperation, advancing intelligence-led asset tracing, and accelerating the recovery of distressed assets across the federation.
Speaking during the visit, the AMCON boss, Mr. Alade, underscored the critical need for deeper institutional synergy between both agencies.
He noted that a closer, more seamless collaboration with the NFIU is vital to overcoming bottlenecks in recovering bad debts and tracking hidden assets, which would ultimately foster greater financial discipline across the country’s banking and economic sectors.
Responding, the NFIU Chief Executive, Ms. Bakari, reaffirmed her agency’s readiness to support AMCON through lawful and strategic financial intelligence-sharing.
She emphasized that such cooperation would be executed strictly within the boundaries of Nigeria’s existing anti-money laundering regulations and robust data protection frameworks.
Ms. Bakari further noted that collaborative efforts among competent state authorities are foundational to safeguarding the integrity of Nigeria’s financial ecosystem and rebuilding local and international investor confidence in the nation’s economy.
The renewed partnership between AMCON and the NFIU marks a coordinated front by the federal government to tighten the loop on financial non-compliance, block economic loopholes, and establish a more transparent and accountable financial system for the nation.