AMCON owed N1.1 trillion

Nigerian financial services, the Asset Management Corporation of Nigeria (AMCON) has listed Capital Oil and Gas Industries Limited, Seawolf, the defunct Bellview Airlines, Resort International Limited, Timbuktu Media (owner of the defunct Next Newspaper), former Chairman of the National Population Commission (NPC), Chief Festus Odimegwu, and 214 other firms, their respective directors, and individuals with outstanding debts of N1.146 trillion that have failed to visit the corporation for the resolution of their debts. 

Ubah Ifeanyi - Capital Oil and Gas

While AMCON put the outstanding debt of Seawolf at N160.09 billion, it listed Uwamu Adolor, Okunlola Remi, Rasheed Mahey Rafindadi, Wessels Alwyn, Odulami Remi, Waziri Ibrahim Dahiru and Oduntan Adetunji, as  directors of the company. Also, the list showed that Capital Oil, which is indebted to the corporation to the tune of N104.8 billion, has Mr. Ubah Ifeanyi Patrick, Ubah Uchenna, Ubah Chidera Graciuos, Orji Joseph Anayo, Chigbogu Fidelia Ezinwanne, Awodein Ayodeji Tolulope, Usoro Nsikan Anthony, and Akerele Oyinlade Mercy, as its directors. Directors of Resort International include Mr. Wale Babalakin (SAN), who has a N132 billion judgment debt against the federal government, and a court ruling ordering AMCON to offset his indebtedness to it against the judgment debt. Other directors of Resort International are Akinsanya Olayinka, Layonu Abiodun, Akibambi Temitayo Kola, Spectra Limited and Adewunmi Abiola. AMCON listed Resort as being indebted to the tune of N36.30 billion.

Other firms on the debtor list include Tanzila Petroluem Limited - N49.2 billion; Home Trust Savings - N25.749 billion; Suru Worldwide Ventures - N24.41 billion; Roygate Properties - N23.261 billion; Ziklagsis Network Limited - N20.334 billion; Lexcap Partners - N18 billion. Similarly, AMCON also listed Anyiam Osigwe Limited - N17.247 billion; Iorna Global Resources Limited - N15.873 billion; Hosanna Properties Limited - N14.983 billion; Unudike Enterprises Limited - N14.16 billion; Bulk Pack Services Limited - N13.493 billion; Global Haulage Resources Limited - N11.472 billion; Taka Continental Limited -N11.378 billion; JAG Global Resources Limited - N11.108 billion; Felshade International Nigeria - N10.979 billion; AFRIJET Airlines Limited - N10.886 billion; Hotel De Island (belonging to Sentor Buruji Kashamu and family) - N10.797 billion; and Petroleum Brokers Limited - N10.681 billion, on the long list of debtors.

source: thisday