Iyobosa Uwugiaren
15 October 2009
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Abuja — The Central Bank of Nigeria yesterday released a list of debtors of five banks: Unity Bank, Equitorial Trust Bank, Bank PHB, Wema Bank and Spring Bank, with some state governments and business executives occupying prominent places on the list.

The apex regulatory agency for money market said its action was "in furtherance of the efforts of the CBN to assist the banks affected by the outcome of the recent CBN/NDIC special examination."
For example, the troubled Wema Bank is being owed a total of N170.9 billion, with Global Fleet - Barrister Jimoh Ibrahim as chairman - owing a total amount of N3.2 billion, while Oodua Group of Companies is owing the bank a total balance of non-performing loan of N2.9 billion.

Equitorial Trust Bank has a total of non-performing loan balance of N46.158 billion, with Edo State-based business mogul, Sir Gabriel Igbinedion, having a balance of N1.460 billion non-performing loan to his account, while Conoil Plc. has a balance of N19.8 billion of non-performing loan to its accounts.

On its part, Bank PHB is being owed N170.960 billion, with Zamfara State government owing N1.5 billion and Chief Femi Otedola, N5.6 billion balance of non-performing loans respectively. Chief Hope Uzodima owes the bank the sum of N414.4 million.

Also on the list, the Unity Bank has a total of N36.585 billion non-performing loans, with Alhaji Kashim Ibrahim, topping the list with N1.8 billion. Others include Bayelsa State government, N121.4 million, Akwa Ibom and Anambra States, N283.5 million.

Spring Bank has a total of non-performing loans of N95.590 billion, with Mettle Energy and Gas Limited, owned by Chief Tony Anenih and Mr Osahon Asemota, owing the sum of N2.065 billion.
The CBN had recently released the debtors list of Fin Bank, Intercontinental Bank, Oceanic Bank and Union Bank .
The action of the CBN had led to the recovery of billions of naira by the Economic and Financial Crimes Commission for the affected banks.

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