REVEALED: 220 Companies Owe AMCON N1.14trn

Amcon MD

Asset Management Corporation of Nigeria (AMCON), yesterday, said that Seawolf Nigeria Limited and 219 other companies are indebted to it to the tune of N1.14 trillion.

The corporation established to revive the financial system by efficiently resolving the non-performing loan assets of the banks in the Nigerian economy disclosed this in a list of debtors released for publication in major newspapers. The list reveals that the top debtors owe the Corporation N479.33 billion, representing 42 percent of the total indebtedness.

The top ten debtors’ list is led by Seaworlf Nigeria Limited with N160 billion. Others in the top ten debtor’s category include: Tanzila Petroleum Limited-N49.23 billion; Resort International Limited-N36.3 billion; Home Trust Savings-N25.75 billion; Suru Worldwide Ventures-N24.41 billion. Others are Roygate Properties-N23.26 billion; Ziglagsis Network Limited-N20.33 billion; Lexcap Partners-N18 billion; and Anyiam Osigwe Limited-N17.25 billion.