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FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim, Kashamu… 20 people holding AMCON’s biggest debts

FULL LIST: Ifeanyi Ubah, Jimoh Ibrahim, Kashamu… 20 people holding AMCON’s biggest debts
July 31
08:31 2019
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Vice President Yemi Osinbajo, on Tuesday, set up a task force with a mandate to devise a strategy to recover the N5 trillion owed to the Assets Management Corporation of Nigeria (AMCON).

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 ministry of justice.

At the meeting that held at the Presidential Villa in Abuja, Muiz Banire, AMCON’s chairman, said the top 20 debtors owe 67% of the N5 trillion debt.

According to a list released by the corporation in October, here are AMCON’s top 20 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 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
8Roygate Properties LimitedWale Babalakin (SAN)Agumadu JohnAlarape Olabode

Okhaleke Ndudi

28,137,176,532.32
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 Gregrey

Ethridge Kyle

Attueyi Joe

Oladele Afolabi

Okpere Kisito

Kokoricha Paul

17,306,900,257.66
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

Note: There might be a slight difference to this list because Ahmed Kuru, AMCON’s executive director, says the corporation spent almost N1 trillion rescuing the now-defunct Skye Bank.

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2 Comments

  1. Merkee
    Merkee August 17, 18:23

    I am still wondering what they are doing with money. The more you have the more you want more. Odd world.

    Reply to this comment
  2. baba
    baba September 17, 12:28

    Nigeria is a failed country by allowing a very few people to hold the Country to economic ransom. These monies will not be paid unless their assets are seized and disposed off,they will do everything with our money to circumvent any forms of recovery strategy. Put them behind bars.

    Reply to this comment

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