- AMCON Released Names, Companies of Debtors
The Asset Management Corporation of Nigeria (AMCON) has finally released the names and companies of its first 20 debtors.
The corporation on Tuesday, during a meeting with Vice-President Yemi Osinbajo, said only 20 people and entities owe 67 percent of the N5 trillion debt acquired by AMCON.
Osinbajo with Ministries and Agencies formed a task force to go after debtors after AMCON complained of unwillingness to pay.
Osinbajo was quoted as saying: “ We need a small team comprising these agencies to look at the next steps that we need to take, especially the criminal aspect, forfeiture and all of that.”
Below are the names and companies of 20 biggest debtors.
| 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 KuteyiSaheed KuteyiGaniyu 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 AgathaObibuaru ElumaAnike 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 JohnAlarape OlabodeOkhaleke 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 ChudihuiloguMiller GregreyEthridge 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 |
