AMCON Releases Full List Of Nigeria's Debtors
Ahmed Kuru, AMCON MD. Image: Taddall

The Asset Management Corporation of Nigeria (AMCON) has said about 105 persons owe the Nigeria over N1 trillion.

This was revealed in a report by AMCOM which added that some of the top debtors are Ifeanyi Ubah, Wale Babalakin, Jimoh Ibrahim among others.

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“Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah, NICON Investments Limited owned by Jimoh Ibrahim, Bi-Courtney Limited owned by Wale Babalakin, Josephdam & Sons Limited owned by the Kuteyi family and Tinapa Business Resort of Cross River State Government are the biggest delinquent debtors according to the list,” the report said.

According to the list, Capital Oil and Gas owned by Ifeanyi Ubah owes N115.952 billion, with Wale Babalakin of Bi-Courtney limited, Roygate Properties Limited owing N69.642 billion under the two companies.

In addition, a former Enugu State governor Chimaroke Nnamani has a debt of N42.49 billion under the names of Iorna Global Resources, Sammy Beth Interbiz Limited, Camden Resources Limited, Riverside Logistics Limited and Rainbownet Limited.

Similarly, Senator Buruji Kashamu is in debt to the tune of N13.015 billion as a former governor of Plateau State Joshua Dariye owes AMCON N6.823 billion which.

A former Minister of Power Bart Nnaji of director of Geometric Power Limited has a debt of N29.844 billion.