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ECONOMY Zamfara State

Governor Matawalle: Zamfara State Government Recovers ₦282.5m From AMCON

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Zamfara State Governor, Bello Matawalle, on Friday, August 16, 2019, received a draft cheque of ₦282.5 million from the Assets Management Corporation of Nigeria being excess money recovered from the auction of the state government’s properties.

The News Agency of Nigeria recalls that several state government moveable properties were auctioned by AMCON at different times under the leadership of ex-governor Abdulaziz Yari.

Malam Yusuf Idris, the Director-General on Press Affairs to the state governor, made this known in a statement on Friday.

He said the covering letter to the cheque dated August 16, 2019, read in part: “Re-Refunds of excess funds recovered following court judgement in AMCON VS BRIGHTWAY mining and minerals Ltd and 2 others- Suit No FHC/GS/CS/2014 forwarding of original drafts.

“Please find attached the following twenty-nine (29) original drafts totalling 282,525,547,38 in respect of refunds to Zamfara State Government on the settlement sum received in respect of liquidation of the debt of brightway mining and minerals Ltd to AMCON”

Receiving the draft cheques on behalf of the Zamfara Government, Matawalle said his administration would continue to revisit all auctions made on behalf of the state government with a view to recover all funds that were wrongly or illegally deducted from the state by banks, companies or AMCON.

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