By Modupe Gbadeyanka

The Asset Management Corporation of Nigeria (AMCON) has fulfilled the promise it made to name and shame some very important persons in the country owing the corporation huge amount of money worth over N1 trillion.

According to a report by Leadership Newspaper, top on the list are Mr Ifeanyi Ubah, Wale Babalakin, Jimoh Ibrahim and others.

According to the news journal, the money owed by the trio and 102 other individuals are over N900 billion.

“Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah, NICON Investments Limited owned by Jimoh Ibrahim, Bi-Courtney Limited owned by Wale Babalakin, Josephdam & Sons Limited owned by the Kuteyi family and Tinapa Business Resort of Cross River State Government are the biggest delinquent debtors according to the list,” Leadership said.

According to the list, Capital Oil and Gas owned by Ifeanyi Ubah is indebted to the tune of N115.952 billion, while Wale Babalakin whose name is on the ownership of Bi-Courtney limited, Roygate Properties Limited owed N69.642 billion under the two companies.

Former governor of Enugu State and Peoples Democratic Party Enugu East Senatorial Candidate, Chimaroke Nnamani also appeared on the list with a debt of N42.49 billion owed to AMCON under the names of Iorna Global Resources, Sammy Beth Interbiz Limited, Camden Resources Limited, Riverside Logistics Limited and Rainbownet Limited.

Also on the list of debtors is Senator Buruji Kashamu who owes the corporation N13.015 billion. Jailed former governor of Plateau State, Joshua Dariye who had purchased All Progressive Congress senatorial nomination form but failed to secure a ticket was also on the list.

The former governor who is currently serving a 14 year jail term for corruption charges currently owes AMCON N6.823 billion which he has yet to come to reach a payment agreement. Another prominent name on the list is former Minister of Power, Professor Bart Nnaji, whose name appeared as a director of Geometric Power Limited which is indebted to the tune of N29.844 billion.

Managing Director of AMCON, Mr Ahmed Kuru, earlier in the year had mentioned plans of the corporation to publish the list of delinquent debtors and directors where applicable, who have failed to reach or refused to reach settlement resolution with the corporation.

Mr Kuru said the corporation was set for a new stage that would not involve negotiation but name and shame as well as take-over of properties of delinquent debtors that have refused to meet it halfway on the negotiation table.

According to him, going forward, in cases where the registered assets of a company that is indebted to the corporation was not enough to clear their obligation, AMCON would go after the directors and their private companies.

He said with over N5.4 trillion debt owed the corporation, AMCON had become tired of obligors (debtors), coming to its office and telling lies about wanting to embark on a staggered payment which they ended up never complying.

https://www.businesspost.ng/2018/10/22/amcon-releases-names-of-105-persons-who-owe-n906b/

And yet we blame Buhari for our woes.

All these monies and loans was released to them during the PDP days. Look at the list,all PDP members and some just defected to the APC.

I Trillion Nigeria's money trapped with a few.

Monies that could solve millions of Nigeria's problems. Anybody connected to the PDP is pure evil.

Never will I vote any individual ever connected with the PDP.

Smh. They have so much debt hanging over their heads, yet they still living large and spending like no man's business.

Reminds me of something I read sometime ago.

*THE BANK*

A bank is a broker between the poor and the rich. The only place where the two meet is in a bank. The poor brings the money, through saving, and the rich takes it, through borrowing.

A poor person saves the money because they have more money than their thinking capacity. So they keep the money in the bank so they can go and think what to do with the money they saved. On the other side, the rich people come to pick that money, through borrowing, because they have more ideas than the money they have.

On a practical side, please show me one billionaire who got rich through saving and I will show you a million Nigerians who have money saved in the banks and are still renting the houses that the Millionaires and billionaires build through the poor people savings which the rich borrowed from a bank.

*#ThinkInvestment

t

P

This Buruji Kashamu is a confirmed criminal. Still owing FG despite drug case hanging on his neck

Juat 102 peoepl owing this much, na wa

According to colloti the halloti: awon gbese gbillionaires!

And we say no money for country

Wey my name?

How does AMCON operate?

How did they get to be owed these huge sums?

sell their property na

Just 105 people owing this much, na wa

Why u de tell us??

They hv properties confiscate them
No
Tk dem to court,i believe the agreed date to complete payment has elapsed

Were is Ben bruce's name. He has used senate loot to pay his debt abi

You are a billionaire owing billions of dollars.


My friend, you are just a privileged poor man.

.

Gbese re !!

Na them sabi. The only money I owe is 10 SMS charges in diamond Bank after i withdrew my money the last time.

How do they sleep well, when i owe small debt i loose sleep, then these amounts...

What's really the motive in publicizing private agreements?

Don't they also have the option of renegotiating with the debtors, instead of the headline-friendly name-and-shame tactic?

Luckily for them, in this part of the world, we are not too quick to sue people as in some other climes...

Ben Bruce nko, 11b

Okay

Capital Oil alone should be over 100 billion

yeyerolling:
Ben Bruce nko, 11b

Part of it
Arik Air
Aero Contractor
Zenon
Ajaokuta

mrAMG:
How does AMCON operate?

How did they get to be owed these huge sums?

They buy bad loans from banks.

later they will start shouting buhari this and that, see how a few people took hold of our common wealth and refuse to pay back yet we want buhri to perform magic.
imagine what 900 billion naira will do to transform the south east of nigeria, yet this thiefs took our money and are using it to opress their neigbors who cant stop worshiping them because they assume they have money

mrAMG:
How does AMCON operate?

How did they get to be owed these huge sums?

They buy off bad loans from Banks. These set of people owed banks and AMCON is taking charge of the collection.