AMCON: Six banks pay N155.45 billion into sinking fund in three years

Six commercial banks have made payments totaling N155.45 billion into the sinking fund of Asset Management Corporation of Nigeria (AMCON) within three years, the News Agency of Nigeria (NAN), reports. NAN reports that Access Bank, GTBank, United Bank for Africa (UBA), Fidelity Bank, FCMB Group and Sterling Bank made the payments between 2015 and 2017. Data obtained from the banks’ annual reports showed that Access Bank paid the highest amount of N39.59 billion: N12.06 billion in 2015, N12.06 billion in 2016 and N15.47 billion in 2017. It was followed by…

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