Nigeria: Operators Kick As Lawmakers Move to Amend AMCON Act

18 June 2012

Operators in the financial market have condemned the move by members of the House of Representatives to amend some sections of the Asset Management Corporation of Nigeria (AMCON) Act.

The operators in separate telephone interviews with THISDAY at the weekend argued that such action could affect the gains recorded in the banking sector, even as they said that it might dampen confidence, especially in foreign investors and correspondent banks, which was built by the reform process.

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