AMCON Released Names, Companies of Debtors

  • 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/NObligor NameMain Promoter(s)Current Exposure
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 KuteyiGaniyu Kuteyi39,056,674,951.55
5Tinapa Business ResortCross River State Government36,006,319,844.68
6Home Trust SavingsChukwukadibia AjaegbuFunmu Ademosun30,626,243,344.71
7Geometric Power LimitedProf. Barth NnajiNnaji AgathaObibuaru ElumaAnike Paul

Nwobodo Benjamin Chukwuemeka

Dozie Chijioke

Akpe Austine

Nnaji Okechukwu

UBA Trustees Limited

Kunoch Limited

Diamond Capital & Financial Market Limited

8Roygate Properties LimitedWale Babalakin (SAN)Agumadu JohnAlarape OlabodeOkhaleke Ndudi28,137,176,532.32
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 ChudihuiloguMiller GregreyEthridge Kyle

Attueyi Joe

Oladele Afolabi

Okpere Kisito

Kokoricha Paul

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

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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