JUST IN: Tony Elumelu Of Heirs Holdings Took An N41.5b Loan At 15% Interest Rate Per Annum And Defaulted- CBN

There are still many of them roaming freely in an opulence lifestyle. If the CBN published all the names of defaulters,...READ FULL ARTICLE

there are about 20 of them owing over N5 trillion Naira.

The past government set up a committee through AMCON to get the money from them. But just like an elite game, Nigerians did not hear much of what happened.

These men are super elites and above the law, most of the debts are now classified as bad debts. But they are sitting on riches and even contesting elections and some are in the National Assembly, making laws for us.

These people are responsible for where we are at the moment. Some tonnes and tonnes of money deposited in the banks have disappeared without a trace. Some debts have been declared doubtful because the effort to retrieve them has not been successful.

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Whereas, those who took the loans from these banks may not have supported it with collateral, getting their collateral to go for it is not possible because there’s nothing on the ground to auction. This is the seriousness of the huge financial crime they’ve inflicted on Nigeria.

President Tinubu must have to be serious about revitalizing the banking industry. All those who had contributed to this parlor state of our economy must be brought to book. They must cough what they have swallowed. Nigeria will only survive if we are determined to make difficult decisions on critical matters bothering the economic survival of our great country

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Here Are The Debtors:

Promoter(s) Current Exposure

1. Capital Oil & Gas Industries Limited Ifeanyi Ubah N115,952,152,265.92

2. NICON Investments Limited Jimoh Ibrahim N59,544,633,980.31

3. Bi-Courtney Limited (MMA2) Wale Babalakin (SAN) N40,798,422,374.02

4. Josepdam & Sons Limited Late Mrs. Josephine Damilola KuteyiSaheed KuteyiGaniyu Kuteyi N39,056,674,951.55

5. Tinapa Business Resort Cross River State Government N36,006,319,844.68

6. Home Trust Savings Chukwukadibia Ajaegbu, Funmi Ademosun N 30,626,243,344.71

7. Geometric Power Limited Prof. Barth Nnaji Nnaji, Agatha Obibuaru Eluma

Anike Paul

Nwobodo Benjamin Chukwuemeka

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Dozie Chijioke

Akpe Austine

Nnaji Okechukwu

UBA Trustees Limited

Kunoch Limited

Diamond Capital & Financial Market Limited

N29,844,500,896.77

8. Roygate Properties Limited Wale Babalakin (SAN) Agumadu John Alarape Olabode

Okhaleke Ndudi

N28,137,176,532.32

9. Shell Development Petroleum Company – West Multipurpose Co-operative Society Limited (SPDC) Shell Staff, represented by Ikponmwosa Ogiemuda N26,474,541,188.17

10. Anyiam Osigwe Limited Anyiam-Osigwe Dorothy Chinyere N20,523,322,350.29

11. Platinum Capital Obire Richard Francis Atuche N20,378,820,507.19

12. Flotsome Investment Limited Oboden IbruTejiro Ibru N20,218,703,550.96

13. Lonestar Drilling Late Chief Idisi Margaret Idisi 20,207,979,803.22

14. Petrologistics Limited Ugoji Egbujo 19,576,962,565.35

15. Lorna Global Resources H.E. Chimaroke Nnamami

N18,919,109,352.85

16. Hosanna Properties Limited Anionye ChikaObi Ike C...READ FULL ARTICLE

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