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Ifeanyi Ubah, Jimoh Ibrahim, Wale Babalakin Top Debtor’s List (see full list here)

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The Asset Management Corporation of Nigeria (AMCON) has published the details  of all erring debtors that have failed and or refused to reach settlement resolution with the Corporation.

Below is the list of the top 105 AMCON debtors:

S/N Obligor Name Main Promoter(s)
1 Capital Oil & Gas Industries Limited Ifeanyi Ubah(N115,952,152,265)
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 AjaegbuFunmu Ademosun(N30,626,243,344.71)
7 Geometric Power Limited Prof. Barth NnajiNnaji AgathaObibuaru Eluma

Anike Paul

Nwobodo Benjamin Chukwuemeka

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 JohnAlarape 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 Ogbemudia(N26,474,541,188.17)
10 Anyiam Osigwe Limited Anyiam-Osigwe Dorothy Chinyere(N20,523,322,350.29)
11 Platinum Capital Obire RichardFrancis Atuche(N20,378,820,507.19)
12 Flotsome Investment Limited Oboden IbruTejiro Ibru(N20,218,703,550.96)
13 Lonestar Drilling Late Chief IdisiMargaret Idisi(N20,207,979,803.22)
14 Petrologistics Limited Ugoji Egbujo(N19,576,962,565.35)
15 Lorna Global Resources H.E. Chimaroke Nnamami(N18,919,109,352.85)
16 Hosanna Properties Limited Anionye ChikaObi Ike C.(N18,059,895,396.27)
17 Minaj Holdings Limited Ajegbo Mike NnayeluchudihuLuke Chidi ChudihuiloguMiller Gregrey

Ethridge Kyle

Attueyi Joe

Oladele Afolabi

Okpere Kisito

Kokoricha Paul

(N17,306,900,257.66)

18 Afrijet Airlines Limited Inoelle Willam BarryCarr Collin(N13,122,022,439.57)
19 Petroleum Brokers Limited Wilcox Awopuolagha(N13,076,314,937.26)
20 Hotel De Island; Kasmal Properties; Island Autos & Nacoil Kashamu Prince Buruji(N13,015,595,907.67)
21 Zarm Stores Limited Gbadamosi Muftau, The Olofa of OffaN12,410,560,226.18
22 Tak Continental Limited Thomas Akoh Etuh(N11,585,755,562.89)
23 Netlink Digital Television Fashewe OyewoleVarderpuije Ahmed(N11,550,782,130.79)
24 Mobil Workers (EKET) Multipurpose Cooperative Society Mobil Workers, represented by Okeke Eze (legal practitioner)(N11,504,121,133.06)
25 DWC Drilling Limited Etheridge KyleJohn Ayeke(N11,363,388,024.05)
26 Sammy Beth Interbiz Limited H.E. Chimaroke Nnamani(N11,017,336,899.00)
27 Ferdinand Oil Mills Chief Ferdinand Anyaoha Anghara(N10,855,175,005.53)
28 Octopus Trust Nigeria Limited Erastus AkingbolaN10,175,717,163.07
29 Avian Spec Femi JamesFunmi AyorindeN7,619,760.034.02
30 Brooke Investments Limited Chief S.I. AdegbiteAdegbite Adewale MichaelAdegbite Ademola Olumide

Sofela Michael Olufemi

N7,341,118,227.21

31 Resource Intermediaries Limited Soji Oyawoye (MD/CEO)Ebun BamigboyeWeyinmi Jemide

Ido Ohiwere

7,282,308,754.08

32 Jummai Mahmud Senator Joshua DariyeN6,823,110,429.13
33 Genprogetti Nigeria Limited Nnamdi O. OkoyeCharles UmeadiN6,637,593,140.34
34 Ray Gold Silver Plus Limited Oboden IbruTejiro Ibru6,392,813,914.61
35 Camden Resources Limited H.E. Chimaroke NnamaniN5,875,022,498.73
36 Riverside Logistics Limited H.E. Chimaroke NnamaniN5,874,161,281.46
37 Robo Michael Limited Kassabali Samir IbrahimEgirani AroboEgirani Olotu

N5,837,512,139.51

38 Lexcap Partners Albert OkumagbaChibundu EdozieN5,696,111,908.02
39 Osigwe Foods & Agro Industries Moh’d Anselm KayodeRaji A. UsmanN5,648,190,385.41
40 Rangk Limited Kanu Godwin NdubuisiN5,390,589,104.93
41 Afro-Arab Investment Limited Baba-Ahmed MoufitahBaba-Ahmed Muna BeitahN5,340,204,984.21
42 Dormanlong Engineering Limited Austen PetersN4,700,000,000.00
43 Abasa Nigeria Enterprises Limited NPK1 A Ezuma Innocent OzoemenaN4,666,999,131.41
44 Lawal Obelawo Plastics Industries Limited (LOPIN) Prince Lawal Olaosebikan YesufuRamota LawalN4,361,717,794.63
45 Eres N V (Nig.) Limited Chief Pius AkinyelureN4,171,546,113.09
46 Al-Kahf Motorcycle Company Limited Shehu BadamasiSafiya M. BadamasiN4,067,369,214.72
47 Madunka Motorcycle Company Limited Abdullahi A. HaidoZainab A. HaidoN3,561,115,889.09
48 Terminal Zero Obadina GbengaNiyi OyedeleN3,318,675,426.60
49 Ocean Deep Properties Limited Ray Nduka J. OkpuRay Ufoma OkpuN3,075,367,362.75
50 Claremount Management Limited Okobi Paul UcheAkpan PatrickN2,944,490,078,53
51 Ena-Bell Limited Ojo Osamuede BelleOjo Osamuede EnahoroN2,910,142,971.76
52 Omega Sunshine Ventures Limited Segun AgbetuyiTolulope O. FadahunsiN2,763,085,587.14
53 Tuns Farm Nigeria Limited Olatunde Adekunle BadmusJoseph ZopyN2,738,973,788.06
54 Nakem Oil & Gas Company Limited Alebe Nathaniel UzeziAlebe O. GiftN2,718,933,557.79
55 Hyacinnth U.F. Enuha Hyacinth Uzu-Fela EnuhaN2,710,078,325.77
56 Ray Okpu Ray OkpuN2,673,346,469.66
57 Bao Yao Future Lex Garba Idris AbubakarYaozhang ShenN2,669,859,056.59
58 Aquitane Oil and Gas Limited Ikechukwu OkoloN2,640,490,132.20
59 Waziri B. Mustapha Alhaji Waziri B. MustaphaN2,612,458,766.09
60 Riggs Securities Limited Yomi TokosiTokosi TokumboFrederick Fasheun

Ralph Obiha

Awosika Kola

N2,601,085,572.34

61 Likam Nigeria Limited Alhaji Ibrahim HamzaYashuwah HamzaN2,525,755,239.96
62 Safe Nigeria Limited Itohan Ogieva-OmosighoOsa Ogieva-OmosighoN2,369,063,554.93
63 Woksons International Limited Chief William OkiOke E. CynthiaN2,326,577,517.14
64 Travaux Investments Limited Lambo JumokeOgutuga KemiSheri William

Folarin Rotimi Williams

N2,303,470,835.43

65 Omega Savings and Loans Agbetuyi SegunAdeniyi A. AdeuyiwaN2,283,749,521.09
66 Bellview Airlines Limited Kayode OdukoyaAVM Emmanuel Ombu (Rtd)N2,258,232,021.87
67 Sage Int. Nig. Limited Atikoro UyovbukerhiMaureen UyovbukerhiN2,241,719,528.00
68 Van Vliet Trucks Limited Nol Van VlietAdetunmbi DayoKome Agodo

N2,136,216,694.00

69 Baba Haruna Ibrahim Baba Hruna Ibrahim2,076,544,891.02
70 Abbey Lincoln Limited Awoleye T. AbisodunFrancis T. AbisodunN2,065,489,600.50
71 Shell Staff West Shell Staff, represented by Ikponmwosa OgiemudaN2,004,956,109.70
72 U.L.O. Consult, Ogbeogonogo Chief Uche Luke OkpunoN1,984,819,888.82
73 Variations Industries Limited Nwazulu Prince DennisNwazulu ProtusN1,969,012,064.04
74 Tuns Holdings Limited Olatunde Adekunle BadmusJoseph ZopyN1,965,039,873.11
75 Shelter Development Bayero Usman Ja’afaruIbrahim Isa WadaN1,875,156,385.12
76 Lynq Communications Joe Obiora UdeagbalaSylvia UdeagbalaN1,847,974,990.21
77 Petlib Envi-Chem Ser Ibiam EleanyaEEkwo Eteakamba EdemN1,706,415,936,54
78 Amsalco Ind. Limited Aminu SalehBashir Aminu SalehN1,646,184,931.54
79 Aminu Saleh Alhaji Aminu Saleh AlhajiN1,630,812,798.76
80 Chevron Oil Staff Multipurpose Cooperative Chevron StaffN1,595,966,334.11
81 Micro Products Int’l Nig. Limited Chris AnugwoluN1,568,839,810.06
82 The Franklin Hotel & Suites Frank OmosigoN1,566,984,396.77
83 Titanium Oil and Energy Limited Acholonu PatrickEkezie Chief RalphN1,564,295,090.70
84 Alcomp Computers Limited Engineer Emeka Vitus EzenwanneGloria Uzoamaka EzenwanneN1,559,711,000.55
85 Tina Stores Limited Matthew NmeziClementina NmeziN1,558,068,328.38
86 Shemofeyo Ventures Limited Sheba A. Acholonu PatrickModupe Olorunfemi1,549,586,200.57
87 Westoil Petroleum Services Limited Bidemi H. FahnHamdalat AjayiOmotayo Fahn

N1,540,787,598.44

88 Ohzed Oil and Gas Company Limited Stella O. DikeEngr Matthew A. Dike1,516,937,763.45
89 KDC Construction Limited Alh Waziri B. MustaphaN1,480,572,356.42
90 Deep Sea Oil Gas Limited Itelima Steve YeowumaItelima Patricia YeowumaN1,386,834,554.36
91 Ascot Fabricators and Constr. Limited Henry E. ImasekhaJoey Chuma ObueN1,374,274,319.42
92 I.C.M.G. Limited Mike OsimeN1,339,507,291.77
93 Huf Engineering Nigeria Limited Enuha Hyacinth Uzu FelaEnuha CarolN1,288,402,095.13
94 Integral Petrochemicals Limited Oludare O. OlagokeAdeyemi Y. OlagokeN1,269,386,433.60
95 Unicorn Place Leisure Services Limited Ike NwabuokuN1,256,178,425.11
96 Ibika Investment & Property Limited Fashina Kofoworola OlakunleFashina Mabayomije OmololuN1,230,763,959.94
97 Assorted Foods & Beverages Ifabiyi AdemolaIfabiyi EyitopeIfabiyi Toyin

N1,185,194,335.36

98 Al-Fil Petroleum Company Limited Alao IdrisAlao AbdullatifN1,151,788,405.05
99 Primeview Investment and Property Gabriel OreneEsule GeorgeN1,119,804,330.77
100 Merepainti Nigeria Limited/BPT Equipment Engr Mohammed Nura KhalilN987,172,183.55
101 Rainbownet Limited H.E. Chimaroke NnamaniN804,985,922.59
102 Paveblocks Nigeria Limited Alh Waziri B. MustaphaN633,128,165.50
103 Honourable Adetunji Adeniyi Honourable Adetunji AdeniyiN491,220,414.05
104 Engr. Sarki Labaran Engr. Sarki LabaranN471,402,281.70
105 Senator Usman Bayero Nafada Senator Usman Bayero Nafada

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Parrot Xtra Publisher Celebrates Hassan Fatungase At 60

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 Publisher of Parrot Xtra Magazine/PMParrot.com, Olayinka Agboola has sent out expressive greetings to his long-time friend and brother, Alhaji Hassan Taiwo Fatungase, former Bakers’ World, Ikeja, Lagos Director on the occasion of his 60th birthday anniversary.

 

In a statement  personally signed by Agboola, former Nigeria Coordinator for Ovation International Magazine described Alhaji Hassan Fatungase as the most selfless Nigerian he has ever encountered.

Agboola continued, “Hassan is not only selfless, he is intelligent, forward looking, hard-working, vibrant, resourceful, compassionate and above all, very God-fearing.”

The Ibadan-based media entrepreneur then went ahead to submit that the astute technocrat is a man who appreciates human beings and the value of friendship.

“Those who attended the University of Lagos with him in those days will attest to it that ‘Fatuu’, as he used to be called then would sacrifice anything to keep a working-relationship.

 

“Even when he joined one of the five-star hotels in Abuja in the early 90s, it did not take long before he was promoted to become the very first African to occupy a managerial position before he joined the Bakers’ World family business in Lagos. His records are still there till today.

Feats At Bakers’ World

“While running Bakers’ World located on Allen Avenue in Ikeja, Lagos, journalists, broadcasters, creative young Nigerians and others were encouraged by him. The records are also there for people to verify. There is almost no big name in the entertainment/media industry in Nigeria today that has not directly and/or indirectly benefitted from Hassan’s large-heartedness. As a matter of fact, he used to settle quarrels when differences and ‘head-on-collisions’ were reported to him!”

Agboola also went ahead to describe how the celebrant of the day has been faring since he became the chairman of Abimbola Awoliyi Estate, Oko-Oba in Lagos where he presently lives.

“Hassan is team-player and a man who keeps improving in good-naturedness even as a semi-retired bureaucrat. Residents of Awoniyi Estate will tell his story better. Since he became the chairman some three years ago, living standards have since improved.

“Together with other executive members, the Estate has been winning awards as one of the best in the whole of Lagos State. Solar lights, good roads, fibre-optic-source of internet, faultless security architecture and enhanced sociability…and other achievements have been recorded by the Fatungase-led team.”

Agboola, who was also a pioneer staff at Thisday Newspaper concluded “Dear friends and colleagues, please join me to pray for this quintessential lover of fairness and equity. May Allah continue to be with him, grant him sound health, more prosperity, divine protection and long life. May his wonderful family comprised of ‘Iyalaje’ Doyinsola and the children- Tomisin, Ahmed, Ibrahim and Idris continue to enjoy divine grace too. Happy birthday to our Director at Parrot Xtra Media Network, many happy returns of this day, September 26.”

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‘our silence is not an act of cowardice’ Olugbon Replies Obasanjo

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-Ayotunde Ayanda
The Olugbon of Ile-Ogbon, Oba Francis Alao has reacted to the recent public ridicule where former President Olusegun Obasanjo ordered some Oyo monarchs to stand up.
Some people interpreted it as a reprisal of an attack from the Olugbon, Oba Francis Olusola Alao against the former President in a radio interview where the monarch condemned Chief Obasanjo for opposing the ambition of President Bola Tinubu.
Chief Obasanjo was unapologetic as he defended his actions claiming the monarchs disrespected the Oyo State Governor, Seyi Makinde.
The Olugbon in  his response  called  it  an internal issue and hinted it will be addressed in the Oyo Council of  Obas next meeting.
Below is the message from the Olugbon’s palace…
The outburst of former president Chief Olusegun Obasanjo against traditional rulers in attendance at the inauguration of the Iseyin Campus of Ladoke Akintola University of Technology (LAUTECH) on Friday September 15  has generated anger and varied responses from true sons and daughters of Oduduwa in all sections of the society.
First and foremost, I will like to emphasize that the inauguration ceremony was a huge success while the road and campus projects represent another milestone in the development strides of Governor Seyi Makinde who has been working hard to take Oyo State to the next level of development.
All the royal fathers involved understand the pain caused by the incident and appreciate the well-placed reactions.
I wish to state that the incident is an internal affair which will be properly reviewed at the next meeting of the Oyo State Council of Obas and Chiefs.
Let me assure all Yoruba, and other well-meaning Nigerians who have respect for the traditional institution, and who feel concerned about the incident that our silence since Friday is not an act of cowardice. When we sit down with the Governor, and hold our next meeting, we will review and respond appropriately.
Our Governor respects us, and traditional rulers in Oyo State also hold him in high esteem.
I, therefore, sue for calm over this issue.
We want everybody to apply decorum in line with the Omoluwabi ethos for which Yoruba are greatly respected. Ile Yoruba land shall remain peaceful. Our unity is sacrosanct. These ethos must reflect in our day-to-day activities.
Let it, however, be well noted that traditional rulers in Oyo State have no regret in supporting Asiwaju Bola Tinubu and Governor Seyi Makinde in the last election, and will be willing to support them even in the future.
This is the clear position of monarchs in Oyo State. Any other information from anywhere that is contrary to this should be disregarded.
E-signed:
Oba Francis Olushola Alao
Olugbon of Orile-Igbon
Deputy Chairman,
Oyo State Council of Obas and Chiefs
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‘go and make us proud’ Dollar Construction Boss, Idowu Lamidi Tasks New FIRS Boss, Zaccheus Adedeji

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Construction guru, Idowu Lamidi has praised the appointment of Zaccheus Adedeji as the acting Chairman of the Federal Inland Revenue Service.
Lamidi who is the Chairman of Dollar Construction described Adedeji’s appointment as the right peg in the right hole.
While speaking with journalists in his Abuja office, Lamidi praised President Bola Ahmed Tinubu, claiming all the appointments he has made so far as an indication of what he wants to achieve and finding the best hands that would make his job easier.
The real estate guru whose company owns the Dollar Estate in Ibadan called Zaccheus a very intelligent man that will turn around the FIRS.
‘not many of us were surprised when the announcement came, we all know what he achieved as the Commissioner for Finance under the late Governor Abiola Ajimobi. He is a brilliant man and he has proved what he is capable of doing at all times. We are happy that President Bola Tinubu is a promise-keeper and he is generous to us in Oyo State. No one can fault any of his appointments because these are qualified people. I wish Mr Adedeji the best and also call on God Almighty to always be with him’.  says  Lamidi.
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