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

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

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.”

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, businessman and owner of 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 KuteyiSaheed 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 AjaegbuFunmu Ademosun	30,626,243,344.71
7	Geometric Power Limited	Prof. Barth NnajiNnaji 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 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 Chudihuilogu Miller 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
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 OyewoleVarderpuije 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 KyleJohn 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 JamesFunmi Ayorinde	7,619,760.034.02
30	Brooke Investments Limited	Chief S.I. AdegbiteAdegbite Adewale Michael Adegbite Ademola Olumide Sofela Michael Olufemi	7,341,118,227.21
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. OkoyeCharles Umeadi	6,637,593,140.34
34	Ray Gold Silver Plus Limited	Oboden IbruTejiro 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 IbrahimEgirani Arobo Egirani Olotu	5,837,512,139.51
38	Lexcap Partners	Albert OkumagbaChibundu Edozie	5,696,111,908.02
39	Osigwe Foods & Agro Industries	Moh’d Anselm KayodeRaji 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 MoufitahBaba-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 YesufuRamota 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 BadamasiSafiya M. Badamasi	4,067,369,214.72
47	Madunka Motorcycle Company Limited	Abdullahi A. HaidoZainab A. Haido	3,561,115,889.09
48	Terminal Zero	Obadina GbengaNiyi Oyedele	3,318,675,426.60
49	Ocean Deep Properties Limited	Ray Nduka J. OkpuRay Ufoma Okpu	3,075,367,362.75
50	Claremount Management Limited	Okobi Paul UcheAkpan Patrick	2,944,490,078,53
51	Ena-Bell Limited	Ojo Osamuede BelleOjo Osamuede Enahoro	2,910,142,971.76
52	Omega Sunshine Ventures Limited	Segun AgbetuyiTolulope O. Fadahunsi	2,763,085,587.14
53	Tuns Farm Nigeria Limited	Olatunde Adekunle BadmusJoseph Zopy	2,738,973,788.06
54	Nakem Oil & Gas Company Limited	Alebe Nathaniel UzeziAlebe 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 AbubakarYaozhang 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 TokosiTokosi Tokumbo Frederick Fasheun Ralph Obiha Awosika Kola	2,601,085,572.34
61	Likam Nigeria Limited	Alhaji Ibrahim HamzaYashuwah Hamza	2,525,755,239.96
62	Safe Nigeria Limited	Itohan Ogieva-OmosighoOsa Ogieva-Omosigho	2,369,063,554.93
63	Woksons International Limited	Chief William OkiOke E. Cynthia	2,326,577,517.14
64	Travaux Investments Limited	Lambo JumokeOgutuga Kemi Sheri William Folarin Rotimi Williams	2,303,470,835.43
65	Omega Savings and Loans	Agbetuyi SegunAdeniyi A. Adeuyiwa	2,283,749,521.09
66	Bellview Airlines Limited	Kayode OdukoyaAVM Emmanuel Ombu (Rtd)	2,258,232,021.87
67	Sage Int. Nig. Limited	Atikoro UyovbukerhiMaureen Uyovbukerhi	2,241,719,528.00
68	Van Vliet Trucks Limited	Nol Van VlietAdetunmbi 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. AbisodunFrancis 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 DennisNwazulu Protus	1,969,012,064.04
74	Tuns Holdings Limited	Olatunde Adekunle BadmusJoseph Zopy	1,965,039,873.11
75	Shelter Development	Bayero Usman Ja’afaruIbrahim Isa Wada	1,875,156,385.12
76	Lynq Communications	Joe Obiora UdeagbalaSylvia Udeagbala	1,847,974,990.21
77	Petlib Envi-Chem Ser	Ibiam EleanyaEEkwo Eteakamba Edem	1,706,415,936,54
78	Amsalco Ind. Limited	Aminu SalehBashir 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 PatrickEkezie Chief Ralph	1,564,295,090.70
84	Alcomp Computers Limited	Engineer Emeka Vitus EzenwanneGloria Uzoamaka Ezenwanne	1,559,711,000.55
85	Tina Stores Limited	Matthew NmeziClementina Nmezi	1,558,068,328.38
86	Shemofeyo Ventures Limited	Sheba A. Acholonu PatrickModupe Olorunfemi	1,549,586,200.57
87	Westoil Petroleum Services Limited	Bidemi H. FahnHamdalat Ajayi Omotayo Fahn	1,540,787,598.44
88	Ohzed Oil and Gas Company Limited	Stella O. DikeEngr 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 YeowumaItelima Patricia Yeowuma	1,386,834,554.36
91	Ascot Fabricators and Constr. Limited	Henry E. ImasekhaJoey 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 FelaEnuha Carol	1,288,402,095.13
94	Integral Petrochemicals Limited	Oludare O. OlagokeAdeyemi 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 OlakunleFashina Mabayomije Omololu	1,230,763,959.94
97	Assorted Foods & Beverages	Ifabiyi AdemolaIfabiyi Eyitope 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 OreneEsule 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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