N5.4tr Debt: Adopt ADR To Resolve 3,000 Law Suits, CJN, Appeal Court Boss Urge AMCON
Chief Justice of Nigeria, Walter Onnoghen, and President Court of Appeal, Justice Zainab Bulkachuwa, want the Asset Management Corporation of Nigeria (AMCON) to consider the Alternative Dispute Resolution (ADR) window available in the country’s courts to resolve its N5.4tr debt recovery cases. The two justices spoke in Abuja on Monday, October 8, 2018, at an interactive session with the theme: ‘Strengthening AMCON Recovery Drive,’ involving justices of the Supreme and Appeal Courts, the board and management of AMCON, as well as the National Judicial Institute (NJI). Welcoming participants, MD/Chief Executive of the AMCON, Ahmed Kuru, had lamented the over 3,000 pending cases before the Federal High Court, because obligors deliberately raise issues that would delay justice. This, he explained, is borne out of their belief that by the time AMCON starts addressing the substantive matter, things would have changed. According to Kuru, “given the litigious tendency of our obligors, ...