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AMCON releases names of top 105 debtors – Today

HomeNewsAMCON releases names of top 105 debtors – Today
24
Oct
AMCON releases names of top 105 debtors – Today
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The Assets Management Corporation of Nigeria (AMCON) has published the names of its top 105 debtors.

According to the corporation, the “delinquent debtors”, whose names were released owed a total of N906 billion.

“This has become necessary as all avenues provided by the corporation for the debtors to propose acceptable resolution terms have failed,” it said in an advertorial released on Monday.

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

In July, Ahmed Kuru, AMCON’s executive director, had said the corporation would publish the names of debtors that have failed to reach a settlement or repayment resolution.

Ifeanyi Ubah, businessman and owner of Capital Oil, tops the list with a debt of N115 billion.

S/N Obligor Name Main Promoter(s) Current Exposure
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 Kuteyi
Saheed 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 Ajaegbu
Funmu Ademosun
30,626,243,344.71
7 Geometric Power Limited Prof. Barth Nnaji
Nnaji 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 Richard Francis Atuche 20,378,820,507.19
12 Flotsome Investment Limited Oboden IbruTejiro Ibru 20,218,703,550.96
13 Lonestar Drilling Late Chief Idisi
Margaret 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 Nnayeluchudihu
Luke 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 Barry
Carr 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 Oyewole
Varderpuije 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 Kyle
John 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. Adegbite
Adegbite 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. Okoye
Charles 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 Ibrahim
Egirani AroboEgirani 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 Kayode
Raji 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 Moufitah
Baba-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 Yesufu
Ramota 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 Badamasi
Safiya M. Badamasi
4,067,369,214.72
47 Madunka Motorcycle Company Limited Abdullahi A. Haido
Zainab A. Haido
3,561,115,889.09
48 Terminal Zero Obadina Gbenga
Niyi Oyedele
3,318,675,426.60
49 Ocean Deep Properties Limited Ray Nduka J. Okpu
Ray Ufoma Okpu
3,075,367,362.75
50 Claremount Management Limited Okobi Paul Uche
Akpan Patrick
2,944,490,078,53
51 Ena-Bell Limited Ojo Osamuede Belle
Ojo Osamuede Enahoro
2,910,142,971.76
52 Omega Sunshine Ventures Limited Segun Agbetuyi
Tolulope O. Fadahunsi
2,763,085,587.14
53 Tuns Farm Nigeria Limited Olatunde Adekunle Badmus
Joseph 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 Abubakar
Yaozhang 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 Tokosi
Tokosi Tokumbo
Frederick Fasheun
Ralph Obiha
Awosika Kola
2,601,085,572.34
61 Likam Nigeria Limited Alhaji Ibrahim Hamza
Yashuwah Hamza
2,525,755,239.96
62 Safe Nigeria Limited Itohan Ogieva-Omosigho
Osa 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 Jumoke
Ogutuga KemiSheri William
Folarin Rotimi Williams
2,303,470,835.43
65 Omega Savings and Loans Agbetuyi Segun
Adeniyi 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 Uyovbukerhi
Maureen Uyovbukerhi
2,241,719,528.00
68 Van Vliet Trucks Limited Nol Van Vliet
Adetunmbi DayoKome Agodo
2,136,216,694.00
69 Baba Haruna Ibrahim Baba Hruna Ibrahim 2,076,544,891.02
70 Abbey Lincoln Limited Awoleye T. Abisodun
Francis 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 Dennis
Nwazulu Protus
1,969,012,064.04
74 Tuns Holdings Limited Olatunde Adekunle Badmus
Joseph Zopy
1,965,039,873.11
75 Shelter Development Bayero Usman Ja’afaru
Ibrahim Isa Wada
1,875,156,385.12
76 Lynq Communications Joe Obiora Udeagbala
Sylvia Udeagbala
1,847,974,990.21
77 Petlib Envi-Chem Ser Ibiam Eleanya
Ekwo Eteakamba Edem
1,706,415,936,54
78 Amsalco Ind. Limited Aminu Saleh
Bashir 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 Patrick
Ekezie Chief Ralph
1,564,295,090.70
84 Alcomp Computers Limited Engineer Emeka Vitus Ezenwanne
Gloria Uzoamaka Ezenwanne
1,559,711,000.55
85 Tina Stores Limited Matthew Nmezi
Clementina Nmezi
1,558,068,328.38
86 Shemofeyo Ventures Limited Sheba A. Acholonu Patrick
Modupe Olorunfemi
1,549,586,200.57
87 Westoil Petroleum Services Limited Bidemi H. Fahn
Hamdalat Ajayi
Omotayo Fahn
1,540,787,598.44
88 Ohzed Oil and Gas Company Limited Stella O. Dike
Engr 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 Yeowuma
Itelima Patricia Yeowuma
1,386,834,554.36
91 Ascot Fabricators and Constr. Limited Henry E. Imasekha
Joey 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 Fela
Enuha Carol
1,288,402,095.13
94 Integral Petrochemicals Limited Oludare O. Olagoke
Adeyemi 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 Olakunle
Fashina Mabayomije Omololu
1,230,763,959.94
97 Assorted Foods & Beverages Ifabiyi Ademola
Ifabiyi Eyitope
Ifabiyi Toyin
1,185,194,335.36
98 Al-Fil Petroleum Company Limited Alao Idris
Alao Abdullatif
1,151,788,405.05
99 Primeview Investment and Property Gabriel Orene
Esule 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

In a statement released through his lawyer Olawale Akoni, Babalakin said it is libellous for AMCON to publish his name amongst its debtors.

Akoni said a federal high court in Abuja, on April 5, 2012, had ruled that whatever debt was outstanding to any federal agency by Bi-Courtney and companies related to it should be deducted from the N132 billion that the federal government owes Bi-Courtney.


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