Renew Nigeria, a non-governmental and rights group, has asked the Asset Management Corporation of Nigeria (AMCON) to publish names of obligors to Nigerian Banks after the expiration of the January 5, 2022 deadline.

The civil society organization, in a statement released by Jim Oweto, on Sunday night, challenges AMCON not to water down or rescind the plan to make public its debtors amounting to over N4.4 trillion.

Oweto said the delay, weeks after the deadline given to Nigerian debtors, to come forward for a repayment or payment plans would affect the confidence already reposed by Nigerians on the corporation.

The body promised to picket AMCON over the delay after the end of January deadline, and threatened court action against AMCON management for reneging on its earlier plans.

He warned AMCON over the delay to make public names of Nigerian debtors after the amendment and signing into law its Act and the instructions by the National Assembly to make public debtors’ identities.

“AMCON will be failing in its institutional responsibility it had upheld in the last six years and recovery drive towards returning Banks to solvency.

“We are not unaware that over 12,00O debtors to Banks in Nigeria since 2010 had been reduced to 7,000 by AMCON, even when the amendment that gave the corporation a leverage to take over and disposed assets of obligors through courts, then why the delay after the amendment by the National Assembly, assent by President Muhammadu Buhari.

“How can 350 Nigerians and their conglomerates constituting just 83 per cent hold the entire country to ransom to the tune over N4 trillion at a time the country goes about borrowing, both from local and international bodies.

“AMCON told Nigerians that over 1000 debtors had borrowed from Banks in the last 10 years without concerted efforts at repayment, this is saddening and unfortunate, as government had already created an enabling environment and laws to the recovery of this huge sums,” the statement read in part.

He advised AMCON that the delay was dangerous to the existence of Nigeria, its economy, social obligations to Nigerians at this critical period of economic crises and global health challenges across the globe.

Oweto also challenged the anti-graft agencies in Nigeria, the EFCC, ICPC to rally round AMCON as 2023 elections is around the corner, to ensure a solid arrangement towards AMCON's recovery of public funds.