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Major Oil Firm, MRS, Owes FCMB N6.2bn - Business - Nairaland

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Major Oil Firm, MRS, Owes FCMB N6.2bn by GERARAHIA: 3:23pm On Aug 05, 2015
The Central Bank of Nigeria-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published their lists.

The lists have the names of popular companies, whose directors are prominent Nigerians appearing among the high non-performing loan defaulters.

MRS Oil & Gas, a major player in the downstream sector of the oil and gas industry, topped FCMB’s list of delinquent debtors with a N6.2bn non-performing loan. The list has 86 names with a combined bad debt of N17.11bn.

White Diamond Property Development Limited, a firm owned by a business mogul, Rabiu Isiyaku Rabiu, is the second on the list with a debt of N616m.

Two companies belonging to an ex-Minister of Sports, Saidu Samaila Sambawa, occupied the fourth and sixth numbers on the FCMB list.

The firms, Sigma Engineering & Construction Limited and Sambawa Farms have a combined delinquent facility of N1.04bn.

Niger Global Engineering & Technology Company Limited, a firm belonging to Senator Hope Uzodinma, a former Chairman of the Senate Committee on Aviation, was number eight on the FCMB debtors’ list, with N338.85m

The name of the same company appears on the Ecobank Nigeria’s delinquent debtors’ list, with a bad loan of N94.3m recorded against it.

Global Energy Resources, which according to FCMB, belongs to Mr. Olatunde Ayeni, who is the Chairman of Skye Bank Plc, owes N175m.

Suzzatej Nigeria Limited, whose directors are listed as Prince Olanrewaju Adeyemi Tejuosho, Princess Mojisola Tejuosho, children of the Osile Oke Ona, Egba, Oba Adedapo Tejuosho, and two others, is said to owe the bank N84m

In total, the 86 names on the list owe FCMB a combined sum of N17.1bn.

Ecobank Nigeria, which has 73 names on its list, is being owed a total sum of N5.4bn by the delinquent debtors.

This means that the debtors are owing FCMB and Ecobank a total sum of N22.5bn.

Plasto Crown Nigeria Limited, a firm belonging to a former Minister of Environment and Housing, Lady Helen Esuene, and other people, is said to owe Ecobank N11.1m.

Banks, which are expected to publish the lists of their delinquent debtors later this week or before the end of the month are Standard Chartered Bank, Keystone Bank, Citibank, Wema Bank Plc and United Bank for Africa Plc.

The banks, which had published the lists of their delinquent debtors on Monday were Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc, Sterling Bank Plc, Skye Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank, Heritage Bank Limited, Enterprise Bank Limited, First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc.

The Central Bank of Nigeria had on April 22, 2015 directed the banks, discount houses and the Asset Management Corporation of Nigeria to publish the list of their delinquent debtors from August 1.

They are to publish the names in at least three national newspapers on a quarterly basis.

In line with the directive, the banks gave the chronic debtors a three-month grace period, which expired on July 31.
http://www.punchng.com/news/major-oil-firm-mrs-owes-fcmb-n6-2bn/

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by INTROVERT(f): 3:24pm On Aug 05, 2015
okay








All of them are politicians of sorts. what next after publication of names.
Fingers crossed for UBA. lipsrsealed

6 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Nobody: 3:24pm On Aug 05, 2015
Buhari is BH, BH is Buhari

4 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by ladyF(f): 3:26pm On Aug 05, 2015
Chai
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Chisom460(m): 3:32pm On Aug 05, 2015
Hmmmmmmm only in Africa

2 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by RichDad1(m): 3:32pm On Aug 05, 2015
OREMUSSANCTUS:
Buhari is BH, BH is Buhari
OREMUSSANCTUS:
Buhari is BH, BH is Buhari
Son of Cait, I'm ready to fund your brain transplant process. coolcool

63 Likes 6 Shares

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by jaybee3(m): 3:39pm On Aug 05, 2015
..
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by ITSAWRAPP: 3:39pm On Aug 05, 2015
wow
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Nobody: 3:39pm On Aug 05, 2015
Ok--i am waiting for Union Bank, Zenith Bank and Unity Bank respectively shocked
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Jeromejnr(m): 3:40pm On Aug 05, 2015
RichDad1:

Son of Cait, I'm ready to fund your brain transplant process. coolcool

grin grin grin grin grin

I can recommend a good brain surgeon for him.

26 Likes 2 Shares

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by iffydave(m): 3:40pm On Aug 05, 2015
seen
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by jay89(m): 3:41pm On Aug 05, 2015
shocked shocked shocked
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by akpanikpe(m): 3:41pm On Aug 05, 2015
RichDad1:

Son of Cait, I'm ready to fund your brain transplant process. coolcool
Wicked grin grin

7 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by yomalex(m): 3:42pm On Aug 05, 2015
Hmm
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by saintTim(m): 3:42pm On Aug 05, 2015
so I'm even richer than some of this aclaimed big people undecided undecided

1 Like 1 Share

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by deebsman1(m): 3:43pm On Aug 05, 2015
All i pray for is a beta nija, let dem onigbeses pay their gbese money nau. 1 thing i noticed abt the exercise is that it seems to be working cos majority of those wey their names appeared in 2009 is not there this time around.
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by allanphash7(m): 3:43pm On Aug 05, 2015
Gbese re oo
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by naijainfogalery: 3:45pm On Aug 05, 2015
See this stupiid bank borrowed my money out and they will be giving me 15 naira interest, then they will still send a message telling me they just credited me with 15 naira interest then they will send another one telling me my total money left,

interest = 15 naira
SMS charge = 20

15 naira - 20 naira = - 5

na me still lose on top their interest. may God punish una

30 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by tuoyoojo(m): 3:47pm On Aug 05, 2015
ok

this one don tie wrapper o

see the billions when people dey owe like say na 10 kobo

i still dey wonder. wetin the banks plan to acheive by this move

shame them? after dat ,what else?
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by skyface00(m): 3:47pm On Aug 05, 2015
Ppl like dis won't be happy GEJ lost at all, even ppl who r working never get paid, how are they going 2 see money 2 offset this huge amount of debt lolz


Banks should start selling dis ppl properties

4 Likes 1 Share

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Dexema(m): 3:51pm On Aug 05, 2015
Onigbese yi skentele ejoor ma skontolo! grin

3 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by paulocare: 3:51pm On Aug 05, 2015
B angryokotheives

1 Like

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by qualityovenbake(m): 3:51pm On Aug 05, 2015
Publish Mores Names. Half of those debts are bad debt. The banks won't recover all.
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by dridowu: 3:52pm On Aug 05, 2015
Thank God my name is not there.
Olatunde Ayeni chairman of Skye bank donate 2billion to ex-president GEJ campaign team.
The calculation would have been like he (Ayeni) would be made CBN gov may be in 2016 once GEJ wins that elction.

13 Likes

Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Obinoscopy(m): 3:54pm On Aug 05, 2015
rhema4u:
When I saw:

"lalasticlala
ishilove
barcanista
seun
obinoscopy
kingkonga"

I thought they were the debtors till I saw the image below their names. Not a bad idea sha....
Those names have been removed. Thanks for bringing this to my notice.
Re: Major Oil Firm, MRS, Owes FCMB N6.2bn by Aitee1(f): 3:54pm On Aug 05, 2015
Ecobank with all the atrocities they commit still have the effrontery to accuse people of owing them. Their cc officers always rude and mean!!!

That bank should rank the worst in the Nigerian banking sector.

They should wait cos I'm coming for them soon.

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