Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer

Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer recovery: overseas debt agencies can carry out proceedings and recover money from the debtors image credit: Ador T "The UAE is a signatory to the Riyadh Convention and local UAE banks have the right to enforce a UAE judgement in other.

Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer A bad debt is a debt owing to a business that it considers will never be paid. One of these should be the buyer’s bank, and the other a trader with whom the buyer has previously done business.

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Recovering Bank Debts: Is AMCON a Meddlesome Interloper? By Abubakar D. Sani, Esq – TheNigerialawyer – Acquisition And Recovering Of Eligible Bank Assets By AMCON Under The AMCON Act Is An Exception To The Doctrine Of Privity Of Contract And Constitutes No Infraction On Any Right Of The Debtor: A Rejoinder To Abubakar D. SaniWhen applying.

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To the extent that the AMCON Act does not provide compensation for abrogating/taking away the vested/proprietary rights of bank customers, I submit that it is ultra vires the National Assembly, at least in respect of rights which were vested in the so-called eligible back assets prior to the commencement of the Act, on the 19 th day of July, 2010.