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The first five companies on the lenders’ list owe a combined sum of N23bn. These are Ajaokuta Steel Company Limited, Starcomm Plc; BGL Securities Limited, where a former Minister of Finance and National Planning, Kalu Idika Kalu, is a director; Shield Petroleum Limited and Fargo Petroleum and Gas Limited. Shield Petroleum, the number one on the list, owes N6.883bn; while Zurich International Service, the last on the list, owes N26.69m. Unity Bank also released 260 names of delinquent debtors with a combined NPL figure of N45.52bn. The list has the companies of some prominent Nigerians. These include Umar Mutallab’s DeanShanger Project Limited, N3.6bn; Senator Ayodele Arise and a former Minister of State for Works, Mr. Dayo Adeyeye’s International Payment Devices Limited, N81.9m; and Prince Adeyanju Olateru-Olagbegi’s Cupid Investment BDC, N90.1m.
Other prominent companies on the list are Ekiti Kete Mass Transit, which owes N991m; Fargo Petroleum and Gas Limited, N2.5bn; Ava Cement Limited, N.8bn; and Plywood Chemical and Accessories, N1.1bn. Ava Cement topped Unity Bank’s debtors’ list with N9.8bn, while Malcolm Akpokodje owes the least with N20m. Access Bank Plc published a list of 11 delinquent debtors, with a combined NPL figure of approximately N3.4bn. Top on the list are Bioka Ventures Limited, which owes N1.15bn, while Derukas International Limited was last on the list with a debt of N56.3m.
Diamond Bank Plc has N47.17bn as its total NPLs, with companies belonging to prominent Nigerians owing sizeable amounts. These include Sir Emeka Offor’s Global ScanSystem Limited, which the bank says owes N181m; a former Chairman, House of Representatives Committee on the Diaspora, Mrs. Abike Dabiri-Erewa’s Thriller Eneavours, which owes N122m; and a former Delta State Commissioner for Sports Solomon Ogba’s Delta Mega Trend Limited, which owes N89m. Aside the 13 banks which have published their debtor lists, other banks which will publish theirs this week are Ecobank Nigeria, First City Monument Bank Limited, Standard Chartered Bank, Keystone Bank Limited, United Bank for Africa Plc and Wema Bank Plc.
Other debtors are: Enikkom Investment Services Ltd, whose director, Edward Amene, owes Skye Bank Plc N1.86 billion for a term loan, approved in December 2010 and expired December 2013 and Prod Integrated Services Limited, whose directors – Sylvester Okonkwo and Bekele Tadesse – obtained a lease finance loan from Skye Bank Plc in September 2008.
Tim Afrique Services, whose term loan was approved in January 2009 and expired December 2012 with outstanding balance of N998.65 million, has Captain Billy, Gula Timati and Capt Bob Timondi as its directors. National Truck Manufacturers’ directors – Sunil Pathanani and Alhaji Ibrahim Bayero – obtained an overdraft which was approved in April 2008 and expired in June 2009. It has an outstanding balance of N728.23 million.
Appaye Engineering Company Ltd, whose only director is Chief Richard Asaje, got a term loan which was approved in January 2007 and expired in January 2009. The account has an outstanding balance of N524.3 million. The big debtors with Enterprise Bank Limited are: Naturelle Extracts Ltd, whose directors – Dr. Patrick Acholonu, Steve Agbarakwe, Ebong Nte Basiekanem, Brenda Bassey and Andrew Ahunnaya – got a loan in April 2011 and expired in April 2015 with an outstanding balance of N1.89 billion.
The GIC Oil & Gas Services Limited, with Ebolowo Godwin, Mrs. Evbusogie Ebolo, Osarugue Ebolo and Olabisi Bamidele as directors, also got a term loan which was approved in October 2012 and expired April 2015. The account with Enterprise Bank Limited has an outstanding balance of N1.89 billion. Nadebo Energy Limited, another Enterprise Bank Limited customer, has Senator Nuhu Aliyu, Chief David Ajobola Olorunleke and Ali Jeldi Abubakar-Peters as directors. It secured a term loan which got the lender’s approval in February 2008. The debit balance stood at N1.55 billion by October 2013 when the repayment period expired.
On the Enterprise Bank’s list of billionaire debtors is Vester Services Limited and the directors are Sylvester Unokesan and Labord Unokesan. The company requested and got approval for a term loan in November 2011 which expired in February 2013 but has an outstanding balance of N1.44 billion. IS Oglass Industries Limited is also indebted to Enterprise Bank Limited. Its directors are: Chief Isaac Akinmokun, Muyiwa Akinmokun, Dr. Akin Akinmokun, Tokunbo Orimobi and Olubunmi Ajoje.
The company applied and secured a term loan in April 2011 which expired in April 2013 and now has an outstanding balance of N895.83 million. Zenith Bank Plc. also has its own share of bad debtors. They include: Energy Company Nigeria Limited, whose directors are Abidoye Ayoola, Ojeifo Musa, Grant Gilbert Temisan, Oji Theophilus Ifeanyichukwu, Nom Yunana and Ayoola Oluwole.
Prime Marketing Associates Limited, with Adeleke Sebiomo, Adesimbo Sebiomo and Serak Sebiomo as its directors, got a commercial paper loan from Zenith Bank. The facility was approved in October 2007 and expired October 2008. It has an outstanding debt of N472.2 million outstanding. Ekha Agro Processing, whose directors are Samuel Osazenaye, E. Osazenaye, Ede Osayende, James Osarenkhoe, obtained a BoI term loan from Zenith Bank Plc. The facility, which was approved in October 2010 and due to expire in October 2020, has an outstanding balance of N356.39 million. Also on the Zenith Bank list is Southfield Petroleum Limited, whose directors are Brigidi David, Didi Ndioma and Patrick Ndioma. The company got import finance facility from Plc and the facility which was approved in September 2007 has an outstanding balance of N323.99 million after it expired in October 2008.
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