In an advertorial published on Monday, the bad debt manager said the list contained the top 105 delinquent debtors and that the publication was pursuant to its statutory mandate and in compliance with the circular issued by the Central Bank of Nigeria in April 2015.
Among the alleged debtors are Capital Oil & Gas Limited, whose main promoter was listed as Mr Ifeanyi Ubah, which reportedly owed N115bn; Tinapa Business Resort, which is owned by the Cross River State Government and allegedly owing N36bn; and Geometric Power Limited being promoted by a former Minister of Power, Prof. Barth Nnaji, N29.84bn, and others.
Also on the list are Shell Development Company’s Multi-purpose Cooperative Society Limited, which is reportedly indebted to the corporation to the tune of N26. 47bn; Platinum Capital, N20.37bn; Minaj Holdings Limited, N17.3bn; Sammy Beth Interbiz Limited, N11bn; and Octopus Trust Nigeria Limited, N10.17bn.
Others are Mobil Workers (Eket) Multipurpose Cooperative Society, N11.5bn; Dormalong Engineering Limited, N4.7bn; Aquitane Oil and Gas Limited, N2.64bn; Omega Savings and Loans N2.28bn; Bellview Airlines Limited,N2.25bn; and Chevron Oil Staff Multipurpose Cooperative, N1.59bn.
From punch
Shell and Mobil shame catch me. Wetin una dey use our, oil money do.
ReplyDeleteIfeanyi ubah na wa ooo
Add Cheveron join. So na Gbese una people dey take pose
DeleteGo back and read slowly, then slap yourself for being an olodo.
DeleteNa wa oh
ReplyDeleteMr common sense senator too is a debtor
DeleteJust imagine
ReplyDeletePopular saying: If you owe the bank millions, your problem; if you owe the bank billions; the banks problems.
ReplyDeleteIfeanyi Ubah desperately needs political money be it Senate or governorship. But the bigger gods can read the hand-writing on the wall.
Ike okolo big boy- you made it here once again.
ReplyDeleteSell some of those properties now in ikoyi and lekki ....
Gbam re-Ike Okolo.
Delete