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UBA, Shell, Kashamu, Ubah, Babalakin, Ibrahim, others among AMCON biggest debtors [Full list]

The list of individuals and companies owing Assets Management Corporation of Nigeria (AMCON) has emerged.

The Nigerian government on Tuesday renewed effort to ensure the effective recovery of over N5trillion being outstanding debts and has set up a new task force to get the job done without fail.

Vice President Yemi Osinbajo, SAN, gave the indication during a meeting with board members and management of AMCON and selected heads of government agencies, at the Presidential Villa, Abuja.

The agencies include the Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and also the Permanent Secretaries of the Justice and Transport Ministries.

The force comprising Heads of AMCON, the Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and the Ministry of Justice, will be working to develop and implement new strategies that will ensure that the determination of the FG to recover the money is speedily achieved.

The agencies tasked to go after the debtors are Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and the permanent secretaries of the justice and transport ministries.

Muiz Banire, AMCON chairman, at the meeting, said the top 20 debtors owe 67% of the N5 trillion debt.

According to a list released by the corporation, below are the names, companies and amount:

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, Funmi Ademosun 30,626,243,344.71

7 Geometric Power Limite, 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 Ibru, Tejiro 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 Chika, Obi Ike C. 18,059,895,396.27

17 Minaj Holdings Limited, Ajegbo Mike NnayeluchudihuLuke Chidi, ChudihuiloguMiller 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

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