Jurists urge AMCON to explore ADR to recover N5.4trn debt | Ripples Nigeria

Jurists urge AMCON to explore ADR to recover N5.4trn debt

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Jurists have advised the Asset Management Corporation of Nigeria (AMCON) to explore the opportunities offered by Alternative Dispute Resolution (ADR) centres in recovering its huge outstanding debt of over N5.4 trillion.

The jurists made the call during the Abuja version of the 2019 annual seminar for External Solicitors and Asset Management Partners of AMCON, which ended in Abuja at the weekend.

According to the lawyers, the ADR centres established by the Federal High Court would help in recovering the debts quickly rather than waiting endlessly for the courts.

The jurists include Justice I.N.Buba; Justice A.M. Liman; Justice C.M.A. Olatoregun; Justice B.F.M. Nyako; Justice Nnamdi Dimgba; Dr Chuka Agbu SAN and Mr Olugbenga Bello among others.

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Justice Buba, who chaired one of the sessions, said, “Every judge is supposed to promote ADR because it is faster. ADR was set up to help the courts. If you say you don’t want ADR, then you have to be ready to waste your time in court. It is not that the courts deliberately delay your cases, but the courts are overwhelmed by the barrage of cases before them.”

Justice Nyako, who also chaired a session, said, “Once the ADR centres are open, I want to encourage our lawyers to refer some of these AMCON cases to the ADR centres and help decongest the courts.”

By Babatunde Alao…

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