By Babajide Komolafe
The Asset Management Corporation of Nigeria, AMCON, recorded a 27.87 per cent increase in cash recoveries to N66.12 billion in the first half of 2025, H1’25 from N51.71 billion at end-December 2024.
The Central Bank of Nigeria, CBN disclosed this in its Financial Stability Report for H1’25 noting that the stronger recovery performance contributed to a reduction in AMCON’s liabilities, even as cumulative recoveries climbed to N2.43 trillion, reflecting sustained efforts to strengthen the Corporation’s balance sheet.
Details of the report showed that total recoveries increased by 4.42 per cent to N2,426.35 billion from N2,323.68 billion in the preceding period. The recoveries comprised cash of N984.52 billion, other collections amounting to N1,291.95 billion, and asset forfeiture valued at N149.90 billion.
The “other collections” component covered proceeds from property and share sales, rental and dividend income, sale of bridge banks, as well as re-inve
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