Following the setting up of a task force by Vice President Yemi Osinbajo with a mandate to devise a strategy to recover the N5 trillion owed to the As
Following the setting up of a task force by Vice President Yemi Osinbajo with a mandate to devise a strategy to recover the N5 trillion owed to the Assets Management Corporation of Nigeria (AMCON), the list of the top 20 debtors and what they owe has been released.
The agencies tasked to go after the debtors are Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), the Independent Corrupt Practices Commission (ICPC) and the ministry of justice.
At the meeting that held at the Presidential Villa in Abuja, Muiz Banire, AMCON’s chairman, said the top 20 debtors owe 67% of the N5 trillion debt.
Here are AMCON’s top 20 debtors.
| S/N | Obligor Name | Main Promoter(s) | Current Exposure |
| 1 | Capital Oil & Gas Industries Limited | Ifeanyi Ubah | 115,952,152,265.92 |
| 2 | NICON Investments Limited | Jimoh Ibrahim | 59,544,633,980.31 |
| 3 | Bi-Courtney Limited (MMA2) | Wale Babalakin (SAN) | 40,798,422,374.02 |
| 4 | Josepdam & Sons Limited | Late Mrs. Josephine Damilola KuteyiSaheed KuteyiGaniyu Kuteyi | 39,056,674,951.55 |
| 5 | Tinapa Business Resort | Cross River State Government | 36,006,319,844.68 |
| 6 | Home Trust Savings | Chukwukadibia AjaegbuFunmu Ademosun | 30,626,243,344.71 |
| 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 |
29,844,500,896.77 |
| 8 | Roygate Properties Limited | Wale Babalakin (SAN)Agumadu JohnAlarape Olabode
Okhaleke Ndudi |
28,137,176,532.32 |
| 9 | Shell Development Petroleum Company – West Multipurpose Co-operative Society Limited (SPDC) | Shell Staff, represented by Ikponmwosa Ogiemuda | 26,474,541,188.17 |
| 10 | Anyiam Osigwe Limited | Anyiam-Osigwe Dorothy Chinyere | 20,523,322,350.29 |
| 11 | Platinum Capital | Obire RichardFrancis Atuche | 20,378,820,507.19 |
| 12 | Flotsome Investment Limited | Oboden IbruTejiro Ibru | 20,218,703,550.96 |
| 13 | Lonestar Drilling | Late Chief IdisiMargaret Idisi | 20,207,979,803.22 |
| 14 | Petrologistics Limited | Ugoji Egbujo | 19,576,962,565.35 |
| 15 | Lorna Global Resources | H.E. Chimaroke Nnamami | 18,919,109,352.85 |
| 16 | Hosanna Properties Limited | Anionye ChikaObi Ike C. | 18,059,895,396.27 |
| 17 | Minaj Holdings Limited | Ajegbo Mike NnayeluchudihuLuke Chidi ChudihuiloguMiller Gregrey
Ethridge Kyle Attueyi Joe Oladele Afolabi Okpere Kisito Kokoricha Paul |
17,306,900,257.66 |
| 18 | Afrijet Airlines Limited | Inoelle Willam BarryCarr Collin | 13,122,022,439.57 |
| 19 | Petroleum Brokers Limited | Wilcox Awopuolagha | 13,076,314,937.26 |
| 20 | Hotel De Island; Kasmal Properties; Island Autos & Nacoil | Kashamu Prince Buruji | 13,015,595,907.67 |
