The lists have the names of popular companies, whose directors are
prominent Nigerians appearing among the high non-performing loan
defaulters.
MRS Oil & Gas, a major player in the downstream sector of the oil
and gas industry, topped FCMB’s list of delinquent debtors with a N6.2bn
non-performing loan. The list has 86 names with a combined bad debt of
N17.11bn.
White Diamond Property Development Limited, a firm owned by a business
mogul, Rabiu Isiyaku Rabiu, is the second on the list with a debt of
N616m.
Two companies belonging to an ex-Minister of Sports, Saidu Samaila
Sambawa, occupied the fourth and sixth numbers on the FCMB list.
The firms, Sigma Engineering & Construction Limited and Sambawa Farms have a combined delinquent facility of N1.04bn.
Niger Global Engineering & Technology Company Limited, a firm
belonging to Senator Hope Uzodinma, a former Chairman of the Senate
Committee on Aviation, was number eight on the FCMB debtors’ list, with
N338.85m
The name of the same company appears on the Ecobank Nigeria’s delinquent
debtors’ list, with a bad loan of N94.3m recorded against it.
Global Energy Resources, which according to FCMB, belongs to Mr.
Olatunde Ayeni, who is the Chairman of Skye Bank Plc, owes N175m.
Suzzatej Nigeria Limited, whose directors are listed as Prince
Olanrewaju Adeyemi Tejuosho, Princess Mojisola Tejuosho, children of the
Osile Oke Ona, Egba, Oba Adedapo Tejuosho, and two others, is said to
owe the bank N84m
In total, the 86 names on the list owe FCMB a combined sum of N17.1bn.
Ecobank Nigeria, which has 73 names on its list, is being owed a total sum of N5.4bn by the delinquent debtors.
Tmeans that the debtors are owing FCMB and Ecobank a total sum of N22.5bn.
Plasto Crown Nigeria Limited, a firm belonging to a former Minister of
Environment and Housing, Lady Helen Esuene, and other people, is said to
owe Ecobank N11.1m.
Banks, which are expected to publish the lists of their delinquent
debtors later this week or before the end of the month are Standard
Chartered Bank, Keystone Bank, Citibank, Wema Bank Plc and United Bank
for Africa Plc.
The banks, which had published the lists of their delinquent debtors on
Monday were Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc,
Sterling Bank Plc, Skye Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank,
Heritage Bank Limited, Enterprise Bank Limited, First Bank of Nigeria
Limited, Access Bank Plc, Diamond Bank Plc and Unity Bank Plc.
The Central Bank of Nigeria had on April 22, 2015 directed the banks,
discount houses and the Asset Management Corporation of Nigeria to
publish the list of their delinquent debtors from August 1.
They are to publish the names in at least three national newspapers on a quarterly basis.
In line with the directive, the banks gave the chronic debtors a 3-month grace period, which expired on July 31.
Punch
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