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Ubah, Ibrahim, Babalakin, Dariye top AMCON’s list of 105 debtors (See full list)

Ubah, Ibrahim, Babalakin, Dariye top AMCON’s list of 105 debtors (See full list)

The Asset Management Corporation of Nigeria (AMCON), in its recently released list of debtors, has indicted some business men, former and serving political office holders in the country.

The list, which followed AMCON’s request seeking the support of relevant agencies to ensure that obligors pay up their debts, comprises 105 names of debtors that failed to negotiate successfully with the corporation.

In July, AMCON Managing Director, Ahmed Kuru, had vowed to publish the list of delinquent debtors and business managers owing the corporation, noting that AMCON would soon take over the assets of the defaulters.

In the AMCON’s newly published list, Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah, topped with an exposure of N115 billion. The company was trailed by NICON Investments Limited owned by Jimoh Ibrahim, with N59 billion exposure.

Bi-Courtney Limited owned by Wale Babalakin has an exposure of over N40 billion; Josephdam & Sons Limited owned by the Kuteyi family with N39 billion exposure; and Tinapa Business Resort of Cross River State Government, with N30 billion exposure.

Others names in the list include the former Minister of Power, Barth Nnaji, with other main promoters of Geometric Power with an exposure of N29 billion. Also, Babalakin’s name reappeared as the main promoter of Roygate Properties, owing over N28 billion.

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In the same vein, the exposure of Shell Development Petroleum Company, promoted by Shell Staff, was put at N26 billion, while the former governor of Enugu State, Chimaroke Nnamani, was named with a debt of N42 billion owed to AMCON under the names of Iorna Global Resources, Sammy Beth Interbiz Limited, Camden Resources Limited, Riverside Logistics Limited and Rainbownet Limited.

The corporation also named the Olofa of Offa, Gbadamosi Muftau, with a debt of N12 billion under Zarm Stores Limited, while a former Chief Executive Officer (CEO) of Intercontinental Bank, Erastus Akingbola, was named with over N10 billion exposure under the company Octopus Trust Nigeria Limited.

Senator Buruji Kashamu, was named with a debt of N13.015 billion, a former governor of Plateau State, Joshua Dariye, is also on the list. The corporation noted that the former governor, who was recently sentenced to 14-year imprisonment for corruption charges, owes N6.8 billion.

Senator Usman Nafada, who is the PDP governorship candidate in Gombe state in the 2019 polls, was included in the list with a debt of over N400 million.

According to AMCON, the names were published pursuant to its statutory mandate and in compliance with a Directive by the Central Bank of Nigeria (CBN), having exhausted all avenues of ensuring that the debtors propose acceptable resolution terms.

“Nevertheless, the Corporation is still open to amicable resolution of these debt within a reasonable time, failing which it shall continue to exercise all powers as provided by law to recover the debts,” it said.

FULL LIST

S/N Obligor Name Main Promoter(s) Current Exposure (Naira)
1 Capital Oil & Gas Industries Limited Ifeanyi Ubah 115,952,152,265.92
2 NICON Investments Limited Jimoh Ibrahim 59,544,633,980.31
3 Bi-Courtney Limited (MMA2) Wale Babalakin (SAN) 40,798,422,374.02
4 Josepdam & Sons Limited Late Mrs. Josephine Damilola KuteyiSaheed Kuteyi

Ganiyu Kuteyi

39,056,674,951.55
5 Tinapa Business Resort Cross River State Government 36,006,319,844.68
6 Home Trust Savings Chukwukadibia AjaegbuFunmu Ademosun 30,626,243,344.71
7 Geometric Power Limited Prof. Barth NnajiNnaji Agatha

Obibuaru Eluma

Anike Paul

Nwobodo Benjamin Chukwuemeka

Dozie Chijioke

Akpe Austine

Nnaji Okechukwu

UBA Trustees Limited

Kunoch Limited

Diamond Capital & Financial Market Limited

29,844,500,896.77
8 Roygate Properties Limited Wale Babalakin (SAN)Agumadu John

Alarape Olabode

Okhaleke Ndudi

28,137,176,532.32
9 Shell Development Petroleum Company – West Multipurpose Co-operative Society Limited (SPDC) Shell Staff, represented by Ikponmwosa Ogiemuda 26,474,541,188.17
10 Anyiam Osigwe Limited Anyiam-Osigwe Dorothy Chinyere 20,523,322,350.29
11 Platinum Capital Obire RichardFrancis Atuche 20,378,820,507.19
12 Flotsome Investment Limited Oboden IbruTejiro Ibru 20,218,703,550.96
13 Lonestar Drilling Late Chief IdisiMargaret Idisi 20,207,979,803.22
14 Petrologistics Limited Ugoji Egbujo 19,576,962,565.35
15 Lorna Global Resources H.E. Chimaroke Nnamami 18,919,109,352.85
16 Hosanna Properties Limited Anionye ChikaObi Ike C. 18,059,895,396.27
17 Minaj Holdings Limited Ajegbo Mike NnayeluchudihuLuke Chidi Chudihuilogu

Miller Gregrey

Ethridge Kyle

Attueyi Joe

Oladele Afolabi

Okpere Kisito

Kokoricha Paul

17,306,900,257.66
18 Afrijet Airlines Limited Inoelle Willam BarryCarr Collin 13,122,022,439.57
19 Petroleum Brokers Limited Wilcox Awopuolagha 13,076,314,937.26
20 Hotel De Island; Kasmal Properties; Island Autos & Nacoil Kashamu Prince Buruji 13,015,595,907.67
21 Zarm Stores Limited Gbadamosi Muftau, The Olofa of Offa 12,410,560,226.18
22 Tak Continental Limited Thomas Akoh Etuh 11,585,755,562.89
23 Netlink Digital Television Fashewe OyewoleVarderpuije Ahmed 11,550,782,130.79
24 Mobil Workers (EKET) Multipurpose Cooperative Society Mobil Workers, represented by Okeke Eze (legal practitioner) 11,504,121,133.06
25 DWC Drilling Limited Etheridge KyleJohn Ayeke 11,363,388,024.05
26 Sammy Beth Interbiz Limited H.E. Chimaroke Nnamani 11,017,336,899.00
27 Ferdinand Oil Mills Chief Ferdinand Anyaoha Anghara 10,855,175,005.53
28 Octopus Trust Nigeria Limited Erastus Akingbola 10,175,717,163.07
29 Avian Spec Femi JamesFunmi Ayorinde 7,619,760.034.02
30 Brooke Investments Limited Chief S.I. AdegbiteAdegbite Adewale Michael

Adegbite Ademola Olumide

Sofela Michael Olufemi

7,341,118,227.21
31 Resource Intermediaries Limited Soji Oyawoye (MD/CEO)Ebun Bamigboye

Weyinmi Jemide

Ido Ohiwere

7,282,308,754.08
32 Jummai Mahmud Senator Joshua Dariye 6,823,110,429.13
33 Genprogetti Nigeria Limited Nnamdi O. OkoyeCharles Umeadi 6,637,593,140.34
34 Ray Gold Silver Plus Limited Oboden IbruTejiro Ibru 6,392,813,914.61
35 Camden Resources Limited H.E. Chimaroke Nnamani 5,875,022,498.73
36 Riverside Logistics Limited H.E. Chimaroke Nnamani 5,874,161,281.46
37 Robo Michael Limited Kassabali Samir IbrahimEgirani Arobo

Egirani Olotu

5,837,512,139.51
38 Lexcap Partners Albert OkumagbaChibundu Edozie 5,696,111,908.02
39 Osigwe Foods & Agro Industries Moh’d Anselm KayodeRaji A. Usman 5,648,190,385.41
40 Rangk Limited Kanu Godwin Ndubuisi 5,390,589,104.93
41 Afro-Arab Investment Limited Baba-Ahmed MoufitahBaba-Ahmed Muna Beitah 5,340,204,984.21
42 Dormanlong Engineering Limited Austen Peters 4,700,000,000.00
43 Abasa Nigeria Enterprises Limited NPK1 A Ezuma Innocent Ozoemena 4,666,999,131.41
44 Lawal Obelawo Plastics Industries Limited (LOPIN) Prince Lawal Olaosebikan YesufuRamota Lawal 4,361,717,794.63
45 Eres N V (Nig.) Limited Chief Pius Akinyelure 4,171,546,113.09
46 Al-Kahf Motorcycle Company Limited Shehu BadamasiSafiya M. Badamasi 4,067,369,214.72
47 Madunka Motorcycle Company Limited Abdullahi A. HaidoZainab A. Haido 3,561,115,889.09
48 Terminal Zero Obadina GbengaNiyi Oyedele 3,318,675,426.60
49 Ocean Deep Properties Limited Ray Nduka J. OkpuRay Ufoma Okpu 3,075,367,362.75
50 Claremount Management Limited Okobi Paul UcheAkpan Patrick 2,944,490,078,53
51 Ena-Bell Limited Ojo Osamuede BelleOjo Osamuede Enahoro 2,910,142,971.76
52 Omega Sunshine Ventures Limited Segun AgbetuyiTolulope O. Fadahunsi 2,763,085,587.14
53 Tuns Farm Nigeria Limited Olatunde Adekunle BadmusJoseph Zopy 2,738,973,788.06
54 Nakem Oil & Gas Company Limited Alebe Nathaniel UzeziAlebe O. Gift 2,718,933,557.79
55 Hyacinnth U.F. Enuha Hyacinth Uzu-Fela Enuha 2,710,078,325.77
56 Ray Okpu Ray Okpu 2,673,346,469.66
57 Bao Yao Future Lex Garba Idris AbubakarYaozhang Shen 2,669,859,056.59
58 Aquitane Oil and Gas Limited Ikechukwu Okolo 2,640,490,132.20
59 Waziri B. Mustapha Alhaji Waziri B. Mustapha 2,612,458,766.09
60 Riggs Securities Limited Yomi TokosiTokosi Tokumbo

Frederick Fasheun

Ralph Obiha

Awosika Kola

2,601,085,572.34
61 Likam Nigeria Limited Alhaji Ibrahim HamzaYashuwah Hamza 2,525,755,239.96
62 Safe Nigeria Limited Itohan Ogieva-OmosighoOsa Ogieva-Omosigho 2,369,063,554.93
63 Woksons International Limited Chief William OkiOke E. Cynthia 2,326,577,517.14
64 Travaux Investments Limited Lambo JumokeOgutuga Kemi

Sheri William

Folarin Rotimi Williams

2,303,470,835.43
65 Omega Savings and Loans Agbetuyi SegunAdeniyi A. Adeuyiwa 2,283,749,521.09
66 Bellview Airlines Limited Kayode OdukoyaAVM Emmanuel Ombu (Rtd) 2,258,232,021.87
67 Sage Int. Nig. Limited Atikoro UyovbukerhiMaureen Uyovbukerhi 2,241,719,528.00
68 Van Vliet Trucks Limited Nol Van VlietAdetunmbi Dayo

Kome Agodo

2,136,216,694.00
69 Baba Haruna Ibrahim Baba Hruna Ibrahim 2,076,544,891.02
70 Abbey Lincoln Limited Awoleye T. AbisodunFrancis T. Abisodun 2,065,489,600.50
71 Shell Staff West Shell Staff, represented by Ikponmwosa Ogiemuda 2,004,956,109.70
72 U.L.O. Consult, Ogbeogonogo Chief Uche Luke Okpuno 1,984,819,888.82
73 Variations Industries Limited Nwazulu Prince DennisNwazulu Protus 1,969,012,064.04
74 Tuns Holdings Limited Olatunde Adekunle BadmusJoseph Zopy 1,965,039,873.11
75 Shelter Development Bayero Usman Ja’afaruIbrahim Isa Wada 1,875,156,385.12
76 Lynq Communications Joe Obiora UdeagbalaSylvia Udeagbala 1,847,974,990.21
77 Petlib Envi-Chem Ser Ibiam EleanyaEEkwo Eteakamba Edem 1,706,415,936,54
78 Amsalco Ind. Limited Aminu SalehBashir Aminu Saleh 1,646,184,931.54
79 Aminu Saleh Alhaji Aminu Saleh Alhaji 1,630,812,798.76
80 Chevron Oil Staff Multipurpose Cooperative Chevron Staff 1,595,966,334.11
81 Micro Products Int’l Nig. Limited Chris Anugwolu 1,568,839,810.06
82 The Franklin Hotel & Suites Frank Omosigo 1,566,984,396.77
83 Titanium Oil and Energy Limited Acholonu PatrickEkezie Chief Ralph 1,564,295,090.70
84 Alcomp Computers Limited Engineer Emeka Vitus EzenwanneGloria Uzoamaka Ezenwanne 1,559,711,000.55
85 Tina Stores Limited Matthew NmeziClementina Nmezi 1,558,068,328.38
86 Shemofeyo Ventures Limited Sheba A. Acholonu PatrickModupe Olorunfemi 1,549,586,200.57
87 Westoil Petroleum Services Limited Bidemi H. FahnHamdalat Ajayi

Omotayo Fahn

1,540,787,598.44
88 Ohzed Oil and Gas Company Limited Stella O. DikeEngr Matthew A. Dike 1,516,937,763.45
89 KDC Construction Limited Alh Waziri B. Mustapha 1,480,572,356.42
90 Deep Sea Oil Gas Limited Itelima Steve YeowumaItelima Patricia Yeowuma 1,386,834,554.36
91 Ascot Fabricators and Constr. Limited Henry E. ImasekhaJoey Chuma Obue 1,374,274,319.42
92 I.C.M.G. Limited Mike Osime 1,339,507,291.77
93 Huf Engineering Nigeria Limited Enuha Hyacinth Uzu FelaEnuha Carol 1,288,402,095.13
94 Integral Petrochemicals Limited Oludare O. OlagokeAdeyemi Y. Olagoke 1,269,386,433.60
95 Unicorn Place Leisure Services Limited Ike Nwabuoku 1,256,178,425.11
96 Ibika Investment & Property Limited Fashina Kofoworola OlakunleFashina Mabayomije Omololu 1,230,763,959.94
97 Assorted Foods & Beverages Ifabiyi AdemolaIfabiyi Eyitope

Ifabiyi Toyin

1,185,194,335.36
98 Al-Fil Petroleum Company Limited Alao IdrisAlao Abdullatif 1,151,788,405.05
99 Primeview Investment and Property Gabriel OreneEsule George 1,119,804,330.77
100 Merepainti Nigeria Limited/BPT Equipment Engr Mohammed Nura Khalil 987,172,183.55
101 Rainbownet Limited H.E. Chimaroke Nnamani 804,985,922.59
102 Paveblocks Nigeria Limited Alh Waziri B. Mustapha 633,128,165.50
103 Honourable Adetunji Adeniyi Honourable Adetunji Adeniyi 491,220,414.05
104 Engr. Sarki Labaran Engr. Sarki Labaran 471,402,281.70
105 Senator Usman Bayero Nafada Senator Usman Bayero Nafada 409,502,652.84

 

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