The Chief Justice of Nigeria, Walter Onnoghen, and the President of the Court of Appeal, Zainab Bulkachuwa, said the Asset Management Corporation of Nigeria (AMCON) can force the alternative dispute resolution (ADR) infrastructure in courts in its debt recovery mandate.
The two justices spoke in Abuja at the interactive session between Justices of Supreme Court; Court of Appeal, AMCON and National Judicial Institute (NJI), on how AMCON can recover its outstanding N5.4 trillion debt.
In his opening address, Onnoghen said this required judicial support on one hand and for AMCON to think outside the box and come up with innovative ways of accomplishing its mission within the ambit of the law.
For Ms Bulkachuwa, the ADR was key to fast tract debt recovery activities of AMCON and the eventual industrialization of the Nigerian economy.
AMCON managing director, Ahmed Kuru, reminded the justices that his agency currently has a lot of cases pending at the Federal High Court because obligors of the corporation deliberately raise issues that would cause delay in justice.