Nine Nigerian commercial banks were surcharged a combined N147.65 billion by the Federal Government’s Asset Management Corporation of Nigeria (AMCON).
The debt-recovery agency took possession of the funds for the periods between the first and third quarters of 2022, which fall between January to September.
According to financials of 13 commercial banks reviewed by Ripples Nigeria, the surcharge dropped to N147.65 billion as of September 2022, when compared to the N163.14 billion listed as AMCON levy in September 2021.
