Nigeria, March 20 -- The resurgent menace of the toxic loans in the banking sector could be checked if the Nigerian government revisits the return of the Failed Bank Act, Managing Director/Chief Executive Officer, Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru, has said.

Mr Kuru who spoke on Wednesday in Lagos when he received officials of the Risk Management Association of Nigeria (RIMAN) said the return of the Act would compel operatives in the banking sector to account for their actions.

RIMAN was led by its president, Magnus Nnoka, who is also the Chief Risk Officer, Coronation Merchant Bank.

The management of banks, he said, will strengthen their risk management framework to stem the negative growth in the economy.

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