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Banks Release Names of Debtors: Here are Some of Them

BellaNaija.com

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Godwin Emefiele - Bella Naija

CBN Governor, Godwin Emefiele

In line with a directive issued by the Central Bank of Nigeria (CBN), which instructed banks to publish names of debtors, many have proceeded to do so.

According to Nation, publication of the names was inevitable, as debtors failed to meet the July 31 2015 payment deadline set by CBN.

An unnamed bank worker said, “Some debtors have entered into various payment schemes  to avoid being shamed by this exercise.”

The report further reveals that the debtors are to be blacklisted and banned from participating in the foreign exchange market as well as trading in the Nigerian Government Securities market. Also, the publication of the debtors’ lists is to be a continuous exercise.

Here are some of the banks’ debtors, as reported by Nation.

Union Bank

Union Bank is owed  huge sums by 176 debtors. Six customers collectively owe the bank N27.91 billion. They are:

  • Dec Oil & Gas, owing N15.7 billion following a 1999 contract finance loan that expired in 2000. The directors of the company are Patrick Ugboma and Pius U. Malaka
  • Alliance Energy is owing the bank N4.92 billion. The term loan approved in 2004 expired in 2006. The directors are Akinwale Omoboriowo, Kojo Annan and Timi Austen-Peters
  • Hajaig Construction is owing the bank N2.99 billion on a loan approved in 2012 and which expired in 2014. The directors are Abdul Nasser Hajaig, Rud Wan Hajaig and Mohammed Hajaig
  • Sapta International Industries Limited is owing the bank  N1.87 billion over a 1987 term loan that expired in 1988. The directors are Alex Aloy Nwokodikwa and Clement Nwokodikwa
  • Petroleum Project International has a debt of N1.25 billion over a term loan obtained in 2004 that expired in 2007. The directors are Akinwale Omoboriowo, Kojo Annan and Timi Austen-Peters
  • Best Aluminum owes N1.11 billion for import and lease facilities obtained between 2010 and 2012. The directors are Godwin Nweke and Chief Pius Nweke

Fidelity Bank

Debtors include:

  • Starcomms Limited: Owes N3.08 billion. Directors are Maan Lababidi, Paul Edwards, Tajudeen Dantata, Omar Lababidi, Chris Ogbechie and Olusola Oladokun
  • Diesel Solutions: N324.28 million
  • Patemglobal Limited: N268.5 million

Sterling Bank

  • Kasolute Nigeria Limited: Owes  N475.3 million
  • Just Jays Limited: N254.7 million
  • Alcun Industries Limited: N192.1 million

Visit Nation and Punch to view more comprehensive lists of debtors.

32 Comments

  1. sweetie

    August 5, 2015 at 2:42 pm

    Dbanj 🙂 🙂

    • olu

      August 5, 2015 at 5:22 pm

      In your own bank abi?

  2. Ashley

    August 5, 2015 at 2:49 pm

    Kai Akinwale Omoboriowo all that flossing is on top of bank loans you and your pals have refused to pay?

    • Guys Perspective

      August 5, 2015 at 5:28 pm

      My thoughts exactly, they should sell his Argentine ponies…

  3. tbn

    August 5, 2015 at 2:55 pm

    Issokay!!! people can owe oh!!! Billions of naira for that matter. How can they sleep at night biko?. Mojo Anan and austen peters I sight you.

  4. tbn

    August 5, 2015 at 2:56 pm

    *Kojo* autocorrect things

  5. Tee

    August 5, 2015 at 3:11 pm

    Maybe this will make them pay up…

  6. cindy

    August 5, 2015 at 3:29 pm

    dangote?

    • xag

      August 5, 2015 at 4:32 pm

      Dangote does not borrow big time money locally again. Dude got pissed when Nigerian banks put his name on the last debtors list. Consolidated all his debts paid them off and went to deal with foreign lenders direct. Why do you think he’s building cement plants all over Africa? Its not with 22% interest loan from Nigerian banks you make such moves. When you’re worth how many billion dollars, foreign banks are the way.

    • honey

      August 5, 2015 at 5:13 pm

      Dangote actually still owe Nigerian Banks big time, but he pays his obligations as at when they fall due. And he doesnt do 22%. He dictates to banks.

  7. xag

    August 5, 2015 at 4:00 pm

    Big boys, Nigeria style. I remember the time everyone’s favorite DJ’s old man was owing that red bank N35 billion wand told them he was too busy to pay. They had to fly out the current MD and another director out to the United Kingdom where Daddy C had decided to be busy to beg for small payment. Its when you owe 10 million you will be peeping through your window and giving instructions to tell visitors you are not at home. The people on this list, do not give two hoots and a chihuahua whether their names are published or not. If you stop them borrowing in Nigeria, they will borrow from Abu Dhabi or Dubai, Ghana or South Africa, and continue running their businesses.

  8. it's Bruno, b!tch

    August 5, 2015 at 4:21 pm

    bitch better have my money. loool

  9. okechukwu Ofili

    August 5, 2015 at 5:01 pm

    Nigerian banks with their 30% plus interest rate putting debtors on blast … wake me up when the hypocrisy ends!

    • Sunshine

      August 5, 2015 at 5:27 pm

      Be quite, the greedy debtors knew it was 30% interest plus and still went for the loan. Stop trying to justify bad behavior cuz you are sound really crazy.

    • Changing Faces

      August 5, 2015 at 6:30 pm

      I totally agree with you. What of the top executives of banks who eat huge bonuses on the back of these loans? What of those that fail to do due diligence before granting loans, why are they not being put on blast? There must be confidentiality in such sensitive transactions. If someone is owing, make moves to liquidate collateral. That’s what it’s there for. These banks do MBR expecting marketers to perform magic, giving stupid targets. This is the result, many flying to book facilities left, right and centre with due diligence taking a back seat. Then they charge shylock rates and still audaciously publish names… Naija banks, you can’t eat your cake and have it

    • Tari

      August 5, 2015 at 10:07 pm

      You disappointed me with this comment.
      Please tell me your account was hacked?
      We’re they sleeping when they signed off on the loans?
      Sounds like the sort of crap the present Greek govt is spouting.

  10. olu

    August 5, 2015 at 5:27 pm

    It’s only in Nigeria (and some other African countries) that getting loans is torturous and seen as a crime. Anyway, there’s no simple system in check to get the loans back. How will the low income earner be able to obtain a loan when he doesn’t have the collateral you require?

    Getting loans should not be a crime…as long as you are servicing it properly. Banks in the U.S are even begging you to je gbese……

    • Aso Oke

      August 5, 2015 at 7:59 pm

      Through micro-banking, the interest rates are far lower. I understand the predicaments for the regular banks. if people can’t get their money back and too many frauds out there, the high interest creates a way to quickly recoup the principal. The loan system needs to change no doubt.

    • LMDD

      August 6, 2015 at 6:01 pm

      Also in Europe,almost their whole is on credit..cars, house..its so normal just service it properly

  11. Aso Oke

    August 5, 2015 at 5:31 pm

    PMB needs to start confiscating their assets. Loan doesn’t mean awoof money. I don’t blame banks for charging 30%, when u have people defaulting on their loans with no legitimate collaterals.

    • Not hatin tho!

      August 5, 2015 at 6:15 pm

      PMB has more pressing issues he needs to address biko.

    • Reverse

      August 5, 2015 at 6:46 pm

      So in your mind a president can just confiscate assets, just like that? You think this is north Korea? You think our courts are there as crèche abi… This comment ranks quite high on the stupidity graph.

    • Aso Oke

      August 5, 2015 at 7:56 pm

      I’m sure your papa name is on that list. obviously. No one is implying that the president himself should go after them, just like PMB alone is not the one running the country/ That’s why we have cabinets and ministries. . Let me clarify it for you ignorant fool. By PMB, I mean the current administration. with a statement like “Some debtors have entered into various payment schemes to avoid being shamed by this exercise.” and since they are also breaking cbn rules, then the government (PMB’s government) has the right to help the banks recoup their money or confiscate their collaterals since they have reneged on the terms of the loan. Clearly you haven’t taken your meds today.

    • Reverse

      August 5, 2015 at 10:20 pm

      Yap yap yap… if you couldn’t make a point the first time, don’t bother. When you make a comment that can’t withstand scrutiny, resort to insults. However it still doesn’t alter the stupidity of your comment. I’m a fool o, I haven’t taken my meds o, your comment remains stupid.

  12. Smackdown

    August 6, 2015 at 1:56 am

    See Nigeria. Kids flexing with rolexes and bentleys, yet their fathers are having sleepless nights wondering how the hell they’re going to get themselves out off the mess they created. This old adage really holds true” everyday is for the thief, but one day is for the owner” looks like that day has come

  13. Mimi May

    August 6, 2015 at 6:44 am

    @ Aso Oke, y r u do bitter? If u want to correct sm one, do it constructively or is ur father abi sugar daddy among d debtors?

  14. Mimi May

    August 6, 2015 at 6:45 am

    …So bitter…

  15. NaijaPikin

    August 6, 2015 at 8:43 pm

    So is the publishing of names supposed to shame them into paying? Gerrrrarahere.

    Naija people have no shame. When convicted criminals work around with pride and are elected into govt positions, is it these ones that will start hiding in shame?

    Makes you question the process involved in getting loans. Collateral nko? Make do with that and recover your funds.

    I wonder how many of these folks are owing due to govt’s failure to pay up on executed contracts.

    Ofili so dissapointed in your comment. Were they forced into the agreement? if you enter into an agreement in sane mind, then you should meet the terms or face the consequences.

  16. Adamu Isa

    August 7, 2015 at 12:16 pm

    wow!

  17. SALISU M. SABIU

    August 7, 2015 at 12:19 pm

    what kind of debtors is this people. if am the one i would borrowed money again, from the CBN… WHO WILL SUPPORT ME. WAITING….

  18. taiwo taiwo

    August 8, 2015 at 11:40 am

    Are bank the oWner of such monies? Now that they are telling us , what do they want uS to do? Did they use charm on them?

  19. Remloy

    August 11, 2015 at 9:43 pm

    Banks must have taken collaterals before giving their customers such a huge amount of money. What are the banks telling us now? There should be an agreement signed, isn’t it?. Let the rule of law take its position on this for God sake and all assets dropped as collaterals be used to liquidate their debts. Or the so called executives of such banks did not follow the lending procedures because of the gratifications received from borrowers?

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