The Asset Management Corporation of Nigeria (AMCON) has returned the sum of N282, 525,547.38 to Zamfara State government as excess funds recovered following a suit between Brightway Mining and Minerals Ltd and AMCON.
The Zamfara State under the able leadership of His Excellency Bello Matawalle has earlier disagreed with the terms and conditions of the auctioning of state's assets as ratified by the previous government.
In the letter dated August 16, 2019 accompanied by Twenty Eight cheques of N10,000000 each and one of N 2,525,547.38, AMCON pointed out that the sum is a refund on the settlement of the liquidation of the debt of the Brightway Mining and Minerals Ltd to AMCON.
The letter signed by the Inter-Governmental Relation Officer Sa'ad Ahmed and the Head Legal Team Albert Nwanozie was received by Governor Bello Matawalle today in Kano.
Ibrahim Bello Zauma
SSA NEW MEDIA
16/08/2019
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