Gambia: AMRC Spent D22.2 Million in 2011

Saikou Kujabi, the managing director of the Assets Management and Recovery Corporation, has disclosed that the Corporation's total expenses for the year 31st December 2011 was D22, 236, 210. 00 compared to D17, 693, 381.00 in the previous year (2010).

AMRC was established by an Act of Parliament (AMRC Act 1992) to manage the assets and liabilities of the defunct Gambia Commercial and Development Bank and subsequently to take over the management and administration of any assets of the Gambia Government, which the Ministry of Finance and Economic Affairs may assign to it from time to time. These include the portfolio of assets from various Commissions of Enquiry established after the 22nd July Revolution.

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