Asset Management Corporation of Nigeria (AMCON) is a body established by the Act of the National Assembly of Nigeria of July 2010 with an intended 10 years life Span. As a result of global financial crisis and domestic events, the federal government of Nigeria through the operation of Central Bank of Nigeria conceptualized the idea for the establishment of a body that will prevent the looming financial crisis in the country.
The Act establishing the body permits, as part of its operation to set aside a sinking fund. The money from this fund would be used to purchase FG securities and the returns from this investment will be ploughed back into the account and then redistributed.
AMCON took over the assets of three companies belonging to the common sense politician Ben Murray-Bruce and his brothers. The assets are being seized following the failure of Senator Murray-Bruce and his brothers to settle an N11 billion loan owed a bank which was acquired by AMCON.
This is the same internet parrot who questioned why Federal Government should restrict banks from sacking its workers; yet he owed so much to these banks. It is more of a case where a causality appears to be distant from its imminent consequences. In essence, it took sides with the banks since he knew he was part of the causes.
Few days earlier when AMCON took over Jimoh Ibrahim`s companies over N50billion, the common sense parrot failed to utter a word on it. This was unlike him but at least we now know the reasons for his rare silence. He is a chronic debtor too.
Despite his several common sense lectures that are competing for spaces on facebook, twitters and other media lexicons, the same common sense failed him in his application for its several non-performing loans. How sad!
But we must not forget that there are those second sets of idiots who will sooner or later raise their shameless voice and head to tag this a witch-hunting seclusion. Since most of them possess a debased and reprobate minds, they’d rather turn blind eyes away from the norms of AMCON and undermine the essence and Acts for which AMCON was instituted.
Indeed, these are the political class belonging to the first group of idiots who act in connivance and enjoy destroying the country, however in the least obvious ways. They often display their concern for the masses, their moral but dainted quality, their piety, their exquisite sense of justice. But since we know these first sets of idiots are often power hungry, they merely throw dust in the eyes of clueless Nigerians by distracting them from their power play with their air of moral superiority as the common sense Bruce has been doing. If you look at him closely, you will see that he has been manipulating some group of persons with his common sense crusade. The only difference in his tactics unlike other group of first idiots is that he publicises his deception.
So far, while he has been heavily indebted with such non-performing loan that has created danger to the bank, the workers and a major threat to the economy, he seemed to have created a paragon of civility and efficiency for himself, disguising under common sense themes. Notice that whenever he twits and post facebook messages, he often speak as though his hands are never soiled by acts and nasty deeds that are gradually endangering the economy. By maintaining a spotless appearance and using others as scapegoats under common sense, most people wouldn’t think and believe he belongs to the first set of idiots who are actually treacherous species to our society.