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oyb (m)
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http://www.vanguardngr.com/2009/10/15/cbn-releases-fresh-list-of-bank-debtors/comment-page-1/By Omoh Gabriel, Business Editor
LAGOS — THE Central Bank, CBN, yesterday, made good the promise by its Governor, Sanusi Lamido Sanusi, to publish the list of those indebted to the four banks that failed the second phase of the its audit test and whose managements were sacked two weeks ago.
The CBN in a statement signed by M.M. Abdullahi, Head, Corporate Affairs said: “In furtherance of the efforts of the Central Bank of Nigeria (CBN) to assist the banks affected by the outcome of the recent CBN/NDIC Special Examination, we publish herewith the list of non-performing loans of N100 million and above for Bank PHB, Spring Bank, Unity Bank, Wema Bank and Equatorial Trust Bank as at June 30, 2009.”
Four of the five banks are being owed a total of N348.409 billion.
Governor, Sanusi Lamido Sanusi
A breakdown of the amount the individual banks are being owed show that Bank PHB is being owed N170.073 billion; Spring Bank, N95.594 billion; Equatorial Trust Bank, N46.154 billion and Unity Bank, N36.585 billion.
The list contained the names of companies and individuals which non-performing loans are in excess of N100 million. Conoil which Chairman is Mike Adenuga, owes Equitorial Trust Bank a total of non-performing loan of N19.866 billion followed by Transcorp which owes Wema Bank N16.627 billion. Netlink Television owes Spring Bank a non-performing loan of N4.821 billion and Mofas Shipping is listed as owing the Bank N3.053 billion. Both companies are promoted by Otunba Fasewe.
The companies and individual owe four of the five banks a total N348.409 billion. Falcon Securities owes a total non-performing loan of N14.793 billion and its Director as listed by the CBN is Peter U. Ololo.
On the list is Ankara Overseas Development company which is listed as owing Bank PHB the sum of N10.491 billion. The Director of the company is one Prince Oyedele. Another company owing N10.881 billion to the bank is Platinum Capital and its listed Director is Mr Carlos Kazeem.
Its account with the bank had a balance of N10.491 billion as at June 2009 but rose to N10.948 billion as at 5th October 2009. Zenon Petroleum is owing Bank PHB a total N5.154 billion. Absa Nigeria Limited is also listed as owing N3.999 billion as at the end of June, 2009 but the indebtedness fell to N3.177 billion as at 5th October.
The Directors of the company are Dr. Innocent Ezuma, Mr Abdulrahman and Mr Isa Mohammed.
Also owing is Cogipar Nigeria Ltd which the CBN said is having a non performing loan of N3.730 billion. Mr P. S Ugboma is listed as the Chairman of the debtor company.
On the CBN list of debtor companies to the banks is Gitto Construzioni Generali which Managing Director is Salvatore Gitto has an outstanding non-performing loan of N4.792 billion.
Delta Steel is listed as owing the banks N4.195 billion and Jalin Kapoor and S Karana Kumar are directors of the company. Other high profile debtors to the banks are Future View Securities N3.606 billion, Ojemai Farms N4.998 billion, Patosan oil and Gas owned by Peter Ololo N4.050 billion, among others.
It will be recalled that the CBN, on August 14, sacked the management of five banks and published the first ever list of bank debtors in the country. On that occasion, a list of the mega bad debtors is Ascot Offshore Nigeria Limited, which has N44.67 billion loan burden with Intercontinental Bank Plc. Its directors were named as Joey Chuma Obue, Samuel Aikhionbare, Henry Imasekha and Emmanuel Nwachukwu.
Notore Chemical Industries Limited being operated by Onajite Okoloko was listed as owing Oceanic Bank N32.39 billion, while the troubled Transnational Corporation Plc has N30.86 billion to pay Union Bank, with Dr. Ndi Okereke-Onyiuke listed as its director.
Falcon Securities Limited, with Peter Ololo, Simbabe Joseph and Emmanuel Ugbo as directors, is owing Afribank N29.5 billion. The company is again owing Oceanic Bank N22.26 billion. Also, Rahamaniyya Global Resources Limited, owned by Abdul Rahaman Musa Bashir has a non-performing loan of N28.59 billion with Oceanic Bank.
Mid-Western Oil and Gas Company Plc, owned by Onajite Okoloko and Adams Okonen have N23.86 billion to pay Oceanic Bank.
Other top bad debtors listed by CBN include Mr. Femi Otedola, N12.8 billion (Intercontinental Bank) through his company, African Petroleum Plc and another N6.2 billion is owed Union Bank through his Zenon Oil; Mr. Oba Otudeko, immediate past president of Nigerian Stock Exchange, (NSE), N1.6 billion (Oceanic Bank) through Honeywell Group; and Mr. Jimoh Ibrahim, N14.78 billion (Oceanic Bank), through Global Fleet Industries Limited.
Forbe’s rated richest man in Nigeria and NSE president, Alhaji Aliko Dangote also has a non-performing loan of N2.5 billion to clear with Oceanic Bank, secured through Dangote Industries Limited.
Prince Fredrick Akinruntan, owner of Obat Oil and Petroleum Company was also listed to be owing Oceanic Bank N4.47 billion.
On the whole, over N746.19 billion non-performing loans were recorded against the mega debtors in the five banks.
With N278.20 billion, Oceanic Bank recorded the highest volume of the non-performing loans, followed by Intercontinental Bank with N210.9 billion.
Afribank is being owed N141.86 billion; Union Bank N73.58 billion; and Finbank N42.45 billion.
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oyb (m)
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http://www.ngrguardiannews.com/news/article01//indexn2_html?pdate=151009&ptitle=Atiku,%20Anenih,%20culture%20minister,%20others%20on%20fresh%20list%20of%20bank%20debtorsTHE Central Bank of Nigeria (CBN), yesterday unveiled the list of about 616 Nigerians and firms that are indebted to five banks in Nigeria to the tune of about N450 billion.
The five banks are Unity Bank Plc, Equatorial Trust Bank, Wema Bank Plc, Spring Bank Plc, and Bank PHB Plc.
The Central Bank of Nigeria (CBN) had in August published the first list of those who are indebted to the five banks whose management were dissolved by the CBN. The banks are Union Bank, Oceanic Bank, FinBank, Intercontinental and Afribank.
Prominent names in the new list published yesterday are, Alhaji Atiku Abubakar, Otunba Johnson Oyewole Fasawe, Chief Kola Daisi, Femi Otedola, Chief Cletus Ibeto, Culture and Tourism Minister Adetokunbo Kayode and powerful ruling party chieftain, Anthony Anenih, among others.
According to the apex bank, as at October 5, 2009, 149 firms and individuals' non-performing loans in Bank PHB stood at N170 billion, while the non-performing loans for Spring Bank Plc stood at N95.6 billion. A total of 221 firms and individuals accounted for the debt.
The CBN also stated that Unity Bank Plc was exposed to non-performing loans to the tune of N36.6 billion by 120 firms and individuals., The CBN said the same list will be forwarded to the Economic and Financial Crimes Commission (EFCC) any time from today.
The commission is expected on receipt of the list, to invite the affected individuals with a view to persuading them to settle their debts to the banks.
The non-performing loans for Wema Bank stood at about N102 billion with a list of 81 debtors, while the list of Equatorial Trust Bank loans defaulters stood at about N46.2 billion with 45 debtors.
The apex bank had restated its commitment to enthroning a sound banking system in the country.
To achieve this, it had promised to take the same steps it earlier took in the case of the first set of five banks whose management it (CBN) earlier removed.
Former Vice President Alhaji Atiku Abubakar is listed as an individual debtor to Spring Bank to the tune of N111,150,439.42; Otunba Oyewole Fasawe, is a director of three companies - Netlink Digital Television, Mofas Shipping Line Nigeria and Transvari Services Limited - which collectively owe over N9 billion; while Chief Tony Anenih and Osahon Asemota are listed as directors in Mettle Energy and Gas Limited that also owes Spring Bank over N2 billion.
Several firms in which Chief Cletus Ibeto is listed as director, including Ibeto Cement Company Limited and Ibeto Petrochemical Industries Limited, also owe about N4 billion to Spring Bank. The National Sports Lottery Limited, which has Chief Kola Daisi as chairman, owes the same bank over N7 billion.
Adetokunbo Kayode, the current Minister of Culture and Tourism, is listed as an individual debtor of Bank PHB to the tune of N110 million.
Conoil Plc., a firm known to be largely owned by businessman Otunb Mike Adenuga, with an authorised limit of N7.5 billion under Equitorial Trust Bank (ETB), had a balance as at June 30, 2009, of N19.866 billion. Adenuga is the only non-executive director of ETB removed in last week's last shake-up by the CBN at the bank. Another firm listed as BYSJ Project Account had an authorised limit of N5.7 billion, but a balance of N5.972 billion with the same bank.
Among visible names on the original publication that also appeared on yesterday's list are Peter Ololo, through the firm Petosan Oil and Gas Company Limited, which owes BankPHB N4.6 billion. Zenon Petroleum, which chairman is Femi Otedola, owes the bank over N5 billion
Also listed are three firms that have Arumemi Johnson, chairman of Arik Air as director. They are Ojemai Farms Limited, Ojemai Investment Company Limited and Rockson Engineering Limited and collectively owe BankPHB over N10 billion.
CBN, in the advertorial accompanying the first list had described the debtors as the largest and vowed to continue publishing the list of defaulters on an on-going basis.
The apex bank had said in that statement: "Following the recent regulatory action of the Central Bank of Nigeria on the five banks, it has become necessary to use this medium to request the following defaulting customers of the affected banks to pay without further delay, their indebtedness, failing which the banks will take appropriate legal actions to ensure repayment."
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MrPrsdent (m)
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we don tire for all this lists jo! what difference will it make to the average man on the street? whether people are arrested or not, Nigeria will NOT change. chop-i-chop  |
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