Some shareholders have repeatedly claimed that commercial banks' contributions to the sinking fund had eroded their dividend.
The sinking fund was set up to assist AMCON meet its goals and also ensure that government will not bear the cost of financial crisis.
Under the sinking fund arrangement, each bank contributes 0.5 per cent of its total asset and another 0.5 per cent of 33 per cent of their off balance sheet items to the sinking fund.
He said that the loan (bond) was used to rescue the banks during the financial crisis that affected the financial industry in 2008.
"Contributing to the sinking fund stops immediately the loans are paid back.
"The plan is that in 10 years, we believe that everything would have been resolved," said
He said that AMCON had already retired N1trillion in 2013 out of the N3.8trillion it owed, while it expected to redeem N800 billion in 2014.
On the divestment from the bridge banks,
NAN reports that bridge banks are the temporary arrangement by Central Bank of
The three bridge banks are
AMCON had put
"AMCON will complete with the divestment of Enterprise and Mainstreet Banks and then start with
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