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FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim… Here are AMCON’s 105 top debtors

FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim… Here are AMCON’s 105 top debtors
October 24
08:23 2018

The Assets Management Corporation of Nigeria (AMCON) has published the names of its top 105 debtor companies.

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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.”

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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’s 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 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 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 James, Funmi Ayorinde 7,619,760.034.02
30 Brooke Investments Limited Chief S.I. Adegbite, Adegbite Adewale Michael, Adegbite Ademola Olumide, Sofela Michael Olufemi 77.21
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 Ibru, Tejiro 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 Arobo, Egirani Olotu 5,837,512,139.51
38 Lexcap Partners Albert Okumagba, Chibundu 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 Uzezi, Alebe 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 Oki, Oke E. Cynthia 2,326,577,517.14
64 Travaux Investments Limited Lambo Jumoke, Ogutuga Kemi, Sheri William, Folarin Rotimi Williams 2,303,470,835.43
65 Omega Savings and Loans Agbetuyi Segun, Adeniyi A. Ademuyiwa 2,283,749,521.09
66 Bellview Airlines Limited Kayode Odukoya, AVM 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 Dayo, Kome 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. Olagok, 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

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Ifabiyi Toyin

1,185,194,335.36
98 Al-Fil Petroleum Company Limited Alao IdrisAlao 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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