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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/NObligor NameMain Promoter(s)Current Exposure (Naira)
1Capital Oil & Gas Industries LimitedIfeanyi Ubah115,952,152,265.92
2NICON Investments LimitedJimoh Ibrahim59,544,633,980.31
3Bi-Courtney Limited (MMA2)Wale Babalakin (SAN)40,798,422,374.02
4Josepdam & Sons LimitedLate Mrs. Josephine Damilola KuteyiSaheed Kuteyi

Ganiyu Kuteyi

39,056,674,951.55
5Tinapa Business ResortCross River State Government36,006,319,844.68
6Home Trust SavingsChukwukadibia AjaegbuFunmu Ademosun30,626,243,344.71
7Geometric Power LimitedProf. 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
8Roygate Properties LimitedWale Babalakin (SAN)Agumadu John

Alarape Olabode

Okhaleke Ndudi

28,137,176,532.32
9Shell Development Petroleum Company – West Multipurpose Co-operative Society Limited (SPDC)Shell Staff, represented by Ikponmwosa Ogiemuda26,474,541,188.17
10Anyiam Osigwe LimitedAnyiam-Osigwe Dorothy Chinyere20,523,322,350.29
11Platinum CapitalObire RichardFrancis Atuche20,378,820,507.19
12Flotsome Investment LimitedOboden IbruTejiro Ibru20,218,703,550.96
13Lonestar DrillingLate Chief IdisiMargaret Idisi20,207,979,803.22
14Petrologistics LimitedUgoji Egbujo19,576,962,565.35
15Lorna Global ResourcesH.E. Chimaroke Nnamami18,919,109,352.85
16Hosanna Properties LimitedAnionye ChikaObi Ike C.18,059,895,396.27
17Minaj Holdings LimitedAjegbo Mike NnayeluchudihuLuke Chidi Chudihuilogu

Miller Gregrey

Ethridge Kyle

Attueyi Joe

Oladele Afolabi

Okpere Kisito

Kokoricha Paul

17,306,900,257.66
18Afrijet Airlines LimitedInoelle Willam BarryCarr Collin13,122,022,439.57
19Petroleum Brokers LimitedWilcox Awopuolagha13,076,314,937.26
20Hotel De Island; Kasmal Properties; Island Autos & NacoilKashamu Prince Buruji13,015,595,907.67
21Zarm Stores LimitedGbadamosi Muftau, The Olofa of Offa12,410,560,226.18
22Tak Continental LimitedThomas Akoh Etuh11,585,755,562.89
23Netlink Digital TelevisionFashewe OyewoleVarderpuije Ahmed11,550,782,130.79
24Mobil Workers (EKET) Multipurpose Cooperative SocietyMobil Workers, represented by Okeke Eze (legal practitioner)11,504,121,133.06
25DWC Drilling LimitedEtheridge KyleJohn Ayeke11,363,388,024.05
26Sammy Beth Interbiz LimitedH.E. Chimaroke Nnamani11,017,336,899.00
27Ferdinand Oil MillsChief Ferdinand Anyaoha Anghara10,855,175,005.53
28Octopus Trust Nigeria LimitedErastus Akingbola10,175,717,163.07
29Avian SpecFemi JamesFunmi Ayorinde7,619,760.034.02
30Brooke Investments LimitedChief S.I. AdegbiteAdegbite Adewale Michael

Adegbite Ademola Olumide

Sofela Michael Olufemi

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

Weyinmi Jemide

Ido Ohiwere

7,282,308,754.08
32Jummai MahmudSenator Joshua Dariye6,823,110,429.13
33Genprogetti Nigeria LimitedNnamdi O. OkoyeCharles Umeadi6,637,593,140.34
34Ray Gold Silver Plus LimitedOboden IbruTejiro Ibru6,392,813,914.61
35Camden Resources LimitedH.E. Chimaroke Nnamani5,875,022,498.73
36Riverside Logistics LimitedH.E. Chimaroke Nnamani5,874,161,281.46
37Robo Michael LimitedKassabali Samir IbrahimEgirani Arobo

Egirani Olotu

5,837,512,139.51
38Lexcap PartnersAlbert OkumagbaChibundu Edozie5,696,111,908.02
39Osigwe Foods & Agro IndustriesMoh’d Anselm KayodeRaji A. Usman5,648,190,385.41
40Rangk LimitedKanu Godwin Ndubuisi5,390,589,104.93
41Afro-Arab Investment LimitedBaba-Ahmed MoufitahBaba-Ahmed Muna Beitah5,340,204,984.21
42Dormanlong Engineering LimitedAusten Peters4,700,000,000.00
43Abasa Nigeria Enterprises Limited NPK1 AEzuma Innocent Ozoemena4,666,999,131.41
44Lawal Obelawo Plastics Industries Limited (LOPIN)Prince Lawal Olaosebikan YesufuRamota Lawal4,361,717,794.63
45Eres N V (Nig.) LimitedChief Pius Akinyelure4,171,546,113.09
46Al-Kahf Motorcycle Company LimitedShehu BadamasiSafiya M. Badamasi4,067,369,214.72
47Madunka Motorcycle Company LimitedAbdullahi A. HaidoZainab A. Haido3,561,115,889.09
48Terminal ZeroObadina GbengaNiyi Oyedele3,318,675,426.60
49Ocean Deep Properties LimitedRay Nduka J. OkpuRay Ufoma Okpu3,075,367,362.75
50Claremount Management LimitedOkobi Paul UcheAkpan Patrick2,944,490,078,53
51Ena-Bell LimitedOjo Osamuede BelleOjo Osamuede Enahoro2,910,142,971.76
52Omega Sunshine Ventures LimitedSegun AgbetuyiTolulope O. Fadahunsi2,763,085,587.14
53Tuns Farm Nigeria LimitedOlatunde Adekunle BadmusJoseph Zopy2,738,973,788.06
54Nakem Oil & Gas Company LimitedAlebe Nathaniel UzeziAlebe O. Gift2,718,933,557.79
55Hyacinnth U.F. EnuhaHyacinth Uzu-Fela Enuha2,710,078,325.77
56Ray OkpuRay Okpu2,673,346,469.66
57Bao Yao Future LexGarba Idris AbubakarYaozhang Shen2,669,859,056.59
58Aquitane Oil and Gas LimitedIkechukwu Okolo2,640,490,132.20
59Waziri B. MustaphaAlhaji Waziri B. Mustapha2,612,458,766.09
60Riggs Securities LimitedYomi TokosiTokosi Tokumbo

Frederick Fasheun

Ralph Obiha

Awosika Kola

2,601,085,572.34
61Likam Nigeria LimitedAlhaji Ibrahim HamzaYashuwah Hamza2,525,755,239.96
62Safe Nigeria LimitedItohan Ogieva-OmosighoOsa Ogieva-Omosigho2,369,063,554.93
63Woksons International LimitedChief William OkiOke E. Cynthia2,326,577,517.14
64Travaux Investments LimitedLambo JumokeOgutuga Kemi

Sheri William

Folarin Rotimi Williams

2,303,470,835.43
65Omega Savings and LoansAgbetuyi SegunAdeniyi A. Adeuyiwa2,283,749,521.09
66Bellview Airlines LimitedKayode OdukoyaAVM Emmanuel Ombu (Rtd)2,258,232,021.87
67Sage Int. Nig. LimitedAtikoro UyovbukerhiMaureen Uyovbukerhi2,241,719,528.00
68Van Vliet Trucks LimitedNol Van VlietAdetunmbi Dayo

Kome Agodo

2,136,216,694.00
69Baba Haruna IbrahimBaba Hruna Ibrahim2,076,544,891.02
70Abbey Lincoln LimitedAwoleye T. AbisodunFrancis T. Abisodun2,065,489,600.50
71Shell Staff WestShell Staff, represented by Ikponmwosa Ogiemuda2,004,956,109.70
72U.L.O. Consult, OgbeogonogoChief Uche Luke Okpuno1,984,819,888.82
73Variations Industries LimitedNwazulu Prince DennisNwazulu Protus1,969,012,064.04
74Tuns Holdings LimitedOlatunde Adekunle BadmusJoseph Zopy1,965,039,873.11
75Shelter DevelopmentBayero Usman Ja’afaruIbrahim Isa Wada1,875,156,385.12
76Lynq CommunicationsJoe Obiora UdeagbalaSylvia Udeagbala1,847,974,990.21
77Petlib Envi-Chem SerIbiam EleanyaEEkwo Eteakamba Edem1,706,415,936,54
78Amsalco Ind. LimitedAminu SalehBashir Aminu Saleh1,646,184,931.54
79Aminu Saleh AlhajiAminu Saleh Alhaji1,630,812,798.76
80Chevron Oil Staff Multipurpose CooperativeChevron Staff1,595,966,334.11
81Micro Products Int’l Nig. LimitedChris Anugwolu1,568,839,810.06
82The Franklin Hotel & SuitesFrank Omosigo1,566,984,396.77
83Titanium Oil and Energy LimitedAcholonu PatrickEkezie Chief Ralph1,564,295,090.70
84Alcomp Computers LimitedEngineer Emeka Vitus EzenwanneGloria Uzoamaka Ezenwanne1,559,711,000.55
85Tina Stores LimitedMatthew NmeziClementina Nmezi1,558,068,328.38
86Shemofeyo Ventures LimitedSheba A. Acholonu PatrickModupe Olorunfemi1,549,586,200.57
87Westoil Petroleum Services LimitedBidemi H. FahnHamdalat Ajayi

Omotayo Fahn

1,540,787,598.44
88Ohzed Oil and Gas Company LimitedStella O. DikeEngr Matthew A. Dike1,516,937,763.45
89KDC Construction LimitedAlh Waziri B. Mustapha1,480,572,356.42
90Deep Sea Oil Gas LimitedItelima Steve YeowumaItelima Patricia Yeowuma1,386,834,554.36
91Ascot Fabricators and Constr. LimitedHenry E. ImasekhaJoey Chuma Obue1,374,274,319.42
92I.C.M.G. LimitedMike Osime1,339,507,291.77
93Huf Engineering Nigeria LimitedEnuha Hyacinth Uzu FelaEnuha Carol1,288,402,095.13
94Integral Petrochemicals LimitedOludare O. OlagokeAdeyemi Y. Olagoke1,269,386,433.60
95Unicorn Place Leisure Services LimitedIke Nwabuoku1,256,178,425.11
96Ibika Investment & Property LimitedFashina Kofoworola OlakunleFashina Mabayomije Omololu1,230,763,959.94
97Assorted Foods & BeveragesIfabiyi AdemolaIfabiyi Eyitope

Ifabiyi Toyin

1,185,194,335.36
98Al-Fil Petroleum Company LimitedAlao IdrisAlao Abdullatif1,151,788,405.05
99Primeview Investment and PropertyGabriel OreneEsule George1,119,804,330.77
100Merepainti Nigeria Limited/BPT EquipmentEngr Mohammed Nura Khalil987,172,183.55
101Rainbownet LimitedH.E. Chimaroke Nnamani804,985,922.59
102Paveblocks Nigeria LimitedAlh Waziri B. Mustapha633,128,165.50
103Honourable Adetunji AdeniyiHonourable Adetunji Adeniyi491,220,414.05
104Engr. Sarki LabaranEngr. Sarki Labaran471,402,281.70
105Senator Usman Bayero NafadaSenator Usman Bayero Nafada409,502,652.84

 

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