AMCON hands over Standard Shoe Company Limited to Imo government | TheCable

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Asset Management Corporation of Nigeria (AMCON) says it has handed over Standard Shoe Company Limited (SSCL), a footwear manufacturing factory, to Hope Uzodinma, governor of Imo. The company is co-founded

July 30, 2022 2:59 PM

“As part of its strategy to partner, support, and help revitalise businesses in its portfolio over huge debt, in Abuja on Friday, handed over the original title documents of Standard Shoe Company Limited , a footwear manufacturing factory co-founded by the Imo State Government to Governor Hope Uzodinma of Imo State,” the statement reads.

The corporation said it had made several efforts to discuss the debt with the previous administrations but did not make any headway until the present administration expressed interest in settling the state’s debt obligations.In his remarks, Ahmed Kuru, managing director, AMCON, represented by Eberechukwu Uneze, executive director, AMCON, said the company was happy the state government finally resolved indebtedness with AMCON.

In his acceptance speech after signing and receiving the documents, Uzodinma said: “I approached the Management of AMCON and discussed with them. I want the public to understand that AMCON is not a hostile outfit. From my experience with them, AMCON is interested in the genuine growth and development of the Country. This is what I saw during the negotiation period concerning what Imo State was owing AMCON.

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