AMCON Releases List Of 105 Delinquent Debtors

Years after the initial debtors list was released by the Asset Management Corporation of Nigeria (AMCON), the corporation has released the list of delinquent debtors who have failed to meet it at the negotiation table, all 105 of them owing a total of N906.109 billion. Capital Oil and Gas Industries Limited owned by Ifeanyi Ubah,

NICON Investments Limited owned by Jimoh Ibrahim, Bi-Courtney Limited owned by Wale Babalakin, Josephdam & Sons Limited owned by the Kuteyi family and Tinapa Business Resort of Cross River State Government are the biggest delinquent debtors according to the list.

Managing director and chief executive of AMCON, Ahmed Kuru, earlier in the year had mentioned plans of the corporation to publish the list of delinquent debtors and directors where applicable, who have failed to reach or refused to reach settlement resolution with the corporation.

With its sunset date only a few years away, Kuru said the corporation is set for a new stage that would not involve negotiation but name and shame as well as take-over of properties of delinquent debtors that have refused to meet it halfway on the negotiation table.

Photo Caption: Managing director and chief executive of AMCON, Ahmed Kuru