Lamido Sanusi on the AMC Bill before the Senate
It seems that all is now set for the Asset Management Corporation of Nigeria Bill to become law, following the bill having scaled the second reading at the Senate.
Of course, the central bank wants the AMC to soak up bad loans at banks rescued in a $4 billion bailout last year, but deliberations are still underway.
The Senate will now debate the AMC bill at a public hearing before passing it in a final reading. Central Bank Governor Lamido Sanusi, joins ABN.
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