The name and shame campaign of delinquent debtors, which Deposit Money Banks in the country commenced on Monday continued on Wednesday with the United Bank of Africa Plc releasing the names of its customers with non-performing loans.

The list, which initially had 119 names, was recalled
at the last-minute for a review that later reduced the
names to 56. It was learnt that some major customers approached the bank to re-negotiate their loans when it dawned on them that the lender was going to make good its threat to publish the list.
A firm, Highland Marketing Limited, in which a
former Minister of Power and Steel, Mr. Bashir
Dalhatu, and two others were listed as directors,
owes UBA N459.28m.

Food Concepts Plc, owners of the Chicken Republic
brand, topped the UBA debtors’ list with N1.7bn .
The directors listed for Food Concepts are Chief Dele Fajemirokun, Mr. Deji Akinyanju, Mr. Idris
Mohammed, Mr. Mark Hilton, Bashorun Odunaya
Olagundoye, Alhaji Tunde Yusuf, Doyin Akinyanju and Mr. Paul Farrer.

Among the first six on the debtors’ list were Meno Oil and Gas Limited, European Soaps and Detergent
Limited, Rockbridge Energy Limited and Combase
Energy Limited respectively.

It was observed that UBA list had a significant
number of players from the oil and gas sector with
hundreds of millions of naira in non-performing
loans.

A few of the players in the oil and gas sector whose
names appeared on the list are Lloyds Energy
Limited, N401m; Enegas Power Limited, N400m;
Sigab Oil and Marine Services Limited, N330m; OBD
Petroleum Limited, N172m; and Vine Oil and Gas
Limited, N103m.

It was learnt that the directors of debtor companies,
whose banks had yet to publish their debtors’ lists,
had commenced last-ditch negotiations with the
lenders in order to avoid possible embarrassment.
It was gathered that Standard Chartered Bank,
Keystone Bank and Wema Bank Plc would publish
their lists of debtors next week.

Officials of the banks, who spoke under condition of
anonymity because of the sensitivity of the matter,
told our correspondent the lenders would most likely publish their lists next week.

Those that have so far published their debtors’ lists
are 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.

Source: www.punchng.com/news/ex-minister-dalhatus-firm-chicken-republic-owners-others-owe-uba-n9-3bn/

Ok

Ojoro why should they reduce the number

so, all those so called big men are debtors

Nxt

Double post.

Three months grace which expired on July 31. I don't envy these people at all. Most of these politicians will curse the day Buhari won APC's primary election.

Bullet: And at the end of the day, we shall say all is well that ends well.

Cc
Lalasticlala
Ishilove

When a hardworking young man or woman requires a loan , he's required to get a landed property in US , 2 in naija, 4 exotic 2016 cars and make Dangote his Guarantor . All the man wants is 1million naira o

ashiri ti tu ooo

Money don change list.....

Na wa ooo...Banker and their banks are always dubious. Banking is generally 419.....

Na wah oO! The list is actually getting questionable sef...

No wonder

Ok seen

The wind has blown and we have seen the furo adiyes


In other word

Afefe ti fe, atiri furo adie

Let dem kwontinu

[size=18pt]UBA na Jonathan amongst contemporary banks... Always shady in their dealings.[/size]

DWJOBScom:
When a hardworking young man or woman requires a loan , he's required to get a landed property in US , 2 in naija, 4 exotic 2016 cars and make Dangote his Guarantor . All the man wants is 1million naira o

funny, but this is just the reality in Nigeria today.

DWJOBScom:
When a hardworking young man or woman requires a loan , he's required to get a landed property in US , 2 in naija, 4 exotic 2016 cars and make Dangote his Guarantor . All the man wants is 1million naira o

If you want to buy a land, a house or start a business and you approach Nigerian banks, they would give you impossible conditions.
However, if you want to go on vacation or buy a car, they would be falling over themselves to give you a loan.
Such is their mentality.

lol

This is the rule!

The poor keep their money in the bank while the wealthy come and borrow the money to expand their business!

Na wa o

Mama Seun come and see ooooh billions of naira people de owe so that u go stop to de pursue me up and down because of N70 akara I bought from u since 2012

Thank God for your life, I am not a billionaire yet but I owe nobody.

sentaljohn:
so, all those so called big men are debtors

See this one o, he's calling the rich so-called. Aren't they businessmen? So you don't know that even as they are owing banks, people still owe them? If some of them should sum up all the money people are owing them, it may even be equal or more than the loan they took.

rawtouch:
Ojoro why should they reduce the number

I don't think so. If you've had anything with bank(s) before, you would have realized they can be weird sometimes...
#CourtCaseLooming

Ok

This country sucks.
Some of the monies will not be recovered

BashMe1:
[size=18pt]UBA na Jonathan amongst contemporary banks... Always shady in their dealings.[/size]

Always remember to come online with your brain.