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Ifeanyi Ubah, Jimoh Ibrahim Top List of Nigerians Biggest Debtors

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The Asset Management Corporation of Nigeria (AMCON) has fulfilled the promise it made to name and shame some very important persons in the country owing the corporation huge amount of money worth N906.109 Billion.

According to the list, Business Magnates, Ifeanyi Ubah of Capital Oil and Gas is indebted to the tune of N115.952 billion while Jimoh Ibrahim of NICON Investments Limited is indebted with N59.544 billion with other 103 individuals and companies also on the list summing the debt to N906.109 Billion.

AMCOM made the list of the 105 individuals and companies public after running out of patience with repeated promises of repayment on the part of the debtors. Below is the list of the debtors and their debts:

  1. Capital Oil & Gas Industries Limited Ifeanyi Ubah 115,952,152,265.92
  2. NICON Investments Limited Jimoh Ibrahim 59,544,633,980.31
  3. Bi-Courtney Limited (MMA2) Wale Babalakin (SAN) 40,798,422,374.02
  4. Josepdam & Sons Limited Late Mrs. Josephine Damilola Kuteyi, Saheed Kuteyi, Ganiyu Kuteyi 39,056,674,951.55
  5. Tinapa Business Resort Cross River State Government 36,006,319,844.68
  6. Home Trust Savings Chukwukadibia Ajaegbu, Funmu Ademosun. 30,626,243,344.71
  7. Geometric Power Limited; Prof. Barth Nnaji, Nnaji Agatha, Obibuaru Eluma, Anike Paul, Nwobodo Benjamin Chukwuemeka, Dozie Chijioke, Akpe Austine, Nnaji Okechukwu, UBA Trustees Limited, Kunoch Limited, Diamond Capital & Financial Market Limited. 29,844,500,896.77
  8. Roygate Properties Limited; Wale Babalakin (SAN), Agumadu John, Alarape Olabode, Okhaleke Ndudi. 28,137,176,532.32
  9. Shell Development Petroleum Company–West Multipurpose Co-operative Society Limited (SPDC) Shell Staff, represented by Ikponmwosa Ogiemuda 26,474,541,188.17
  10. Anyiam Osigwe Limited; Anyiam-Osigwe, Dorothy Chinyere 20,523,322,350.29
  11. Platinum Capital; Obire Richard, Francis Atuche. 20,378,820,507.19
  12. Flotsome Investment Limited; Oboden Ibru, Tejiro Ibru 20,218,703,550.96
  13. Lonestar Drilling; Late Chief Idisi; Margaret Idisi. 20,207,979,803.22
  14. Petrologistics Limited; Ugoji Egbujo. 19,576,962,565.35
  15. Lorna Global Resources; H.E. Chimaroke Nnamami. 18,919,109,352.85
  16. Hosanna Properties Limited; Anionye Chika, Obi Ike C. 18,059,895,396.27
  17. Minaj Holdings Limited; Ajegbo Mike Nnayeluchudihu, Luke Chidi Chudihuilogu, Miller Gregrey, Ethridge Kyle, Attueyi Joe, Oladele Afolabi, Okpere Kisito and Kokoricha Paul 17,306,900,257.66
  18. Afrijet Airlines Limited; Inoelle Willam Barry, Carr Collin. 13,122,022,439.57
  19. Petroleum Brokers Limited; Wilcox Awopuolagha 13,076,314,937.26
  20. Hotel De Island; Kasmal Properties; Island Autos & Nacoil; Kashamu Prince Buruji 13,015,595,907.67
  21. Zarm Stores Limited; Gbadamosi Muftau, The Olofa of Offa 12,410,560,226.18
  22. Tak Continental Limited; Thomas Akoh Etuh 11,585,755,562.89
  23. Netlink Digital Television; Fashewe Oyewole, Varderpuije Ahmed 11,550,782,130.79
  24. Mobil Workers (EKET) Multipurpose Cooperative Society Mobil Workers, represented by Okeke Eze (legal practitioner) 11,504,121,133.06
  25. DWC Drilling Limited; Etheridge Kyle, John Ayeke. 11,363,388,024.05
  26. Sammy Beth Interbiz Limited; H.E. Chimaroke Nnamani 11,017,336,899.00
  27. Ferdinand Oil Mills; Chief Ferdinand, Anyaoha Anghara 10,855,175,005.53
  28. Octopus Trust Nigeria Limited; Erastus Akingbola 10,175,717,163.07
  29. Avian Spec; Femi James, Funmi Ayorinde 7,619,760.034.02
  30. Brooke Investments Limited; Chief S.I. Adegbite, Adegbite Adewale Michael, Adegbite Ademola Olumide, Sofela Michael Olufemi. 7,341,118,227.21
  31. Resource Intermediaries Limited; Soji Oyawoye (MD/CEO), Ebun Bamigboye, Weyinmi Jemide, Ido Ohiwere 7,282,308,754.08
  32. Jummai Mahmud; Senator Joshua Dariye. 6,823,110,429.13
  33. Genprogetti Nigeria Limited; Nnamdi O. Okoye, Charles Umeadi 6,637,593,140.34
  34. Ray Gold Silver Plus Limited; Oboden Ibru, Tejiro Ibru 6,392,813,914.61
  35. Camden Resources Limited; H.E. Chimaroke Nnamani 5,875,022,498.73
  36. Riverside Logistics Limited; H.E. Chimaroke Nnamani 5,874,161,281.46
  37. Robo Michael Limited; Kassabali Samir Ibrahim, Egirani Arobo, Egirani Olotu. 5,837,512,139.51
  38. Lexcap Partners; Albert Okumagba, Chibundu Edozie. 5,696,111,908.02
  39. Osigwe Foods & Agro Industries; Moh’d Anselm Kayode, Raji A. Usman. 5,648,190,385.41
  40. Rangk Limited; Kanu Godwin Ndubuisi 5,390,589,104.93
  41. Afro-Arab Investment Limited; Baba-Ahmed Moufitah, Baba-Ahmed Muna Beitah. 5,340,204,984.21
  42. Dormanlong Engineering Limited; Austen Peters 4,700,000,000.00
  43. Abasa Nigeria Enterprises Limited; NPK1 A Ezuma Innocent Ozoemena 4,666,999,131.41
  44. Lawal Obelawo Plastics Industries Limited (LOPIN); Prince Lawal Olaosebikan Yesufu, Ramota Lawal 4,361,717,794.63
  45. Eres N V (Nig.) Limited; Chief Pius Akinyelure 4,171,546,113.09
  46. Al-Kahf Motorcycle Company Limited; Shehu Badamasi, Safiya M. Badamasi 4,067,369,214.72
  47. Madunka Motorcycle Company Limited; Abdullahi A. Haido, Zainab A. Haido 3,561,115,889.09
  48. Terminal Zero; Obadina Gbenga, Niyi Oyedele. 3,318,675,426.60
  49. Ocean Deep Properties Limited; Ray Nduka J. Okpu, Ray Ufoma Okpu. 3,075,367,362.75
  50. Claremount Management Limited; Okobi Paul Uche, Akpan Patrick. 2,944,490,078,53
  51. Ena-Bell Limited Ojo Osamuede Belle, Ojo Osamuede Enahoro. 2,910,142,971.76
  52. Omega Sunshine Ventures Limited; Segun Agbetuyi, Tolulope O. Fadahunsi. 2,763,085,587.14
  53. Tuns Farm Nigeria Limited; Olatunde Adekunle Badmus, Joseph Zopy. 2,738,973,788.06
  54. Nakem Oil & Gas Company Limited; Alebe Nathaniel Uzezi, Alebe O. Gift 2,718,933,557.79
  55. Hyacinnth U.F. Enuha; Hyacinth Uzu-Fela Enuha 2,710,078,325.77
  56. Ray Okpu; Ray Okpu 2,673,346,469.66
  57. Bao Yao Future Lex; Garba Idris Abubakar, Yaozhang Shen 2,669,859,056.59
  58. Aquitane Oil and Gas Limited; Ikechukwu Okolo 2,640,490,132.20
  59. Waziri B. Mustapha; Alhaji Waziri B. Mustapha 2,612,458,766.09
  60. Riggs Securities Limited; Yomi Tokosi,Tokosi Tokumbo, Frederick Fasheun, Ralph Obiha, Awosika Kola 2,601,085,572.34
  61. Likam Nigeria Limited; Alhaji Ibrahim Hamza, Yashuwah Hamza 2,525,755,239.96
  62. Safe Nigeria Limited; Itohan Ogieva-Omosigho, Osa Ogieva-Omosigho 2,369,063,554.93
  63. Woksons International Limited; Chief William Oki, Oke E. Cynthia 2,326,577,517.14
  64. Travaux Investments Limited; Lambo Jumoke, Ogutuga Kemi, Sheri William, Folarin Rotimi Williams 2,303,470,835.43
  65. Omega Savings and Loans; Agbetuyi Segun, Adeniyi A. Adeuyiwa 2,283,749,521.09
  66. Bellview Airlines Limited; Kayode Odukoya AVM, Emmanuel Ombu (Rtd) 2,258,232,021.87
  67. Sage Int. Nig. Limited; Atikoro Uyovbukerhi, Maureen Uyovbukerhi 2,241,719,528.00
  68. Van Vliet Trucks Limited; Nol Van Vliet, Adetunmbi Dayo, Kome Agodo 2,136,216,694.00
  69. Baba Haruna; Ibrahim Baba, Hruna Ibrahim 2,076,544,891.02
  70. Abbey Lincoln Limited; Awoleye T. Abisodun, Francis T. Abisodun 2,065,489,600.50
  71. Shell Staff West Shell Staff; represented by Ikponmwosa Ogiemuda 2,004,956,109.70
  72. L.O. Consult Ogbeogonogo; Chief Uche Luke Okpuno 1,984,819,888.82
  73. Variations Industries Limited; Nwazulu Prince Dennis, Nwazulu Protus 1,969,012,064.04
  74. Tuns Holdings Limited; Olatunde Adekunle Badmus, Joseph Zopy 1,965,039,873.11
  75. Shelter Development, Bayero Usman Ja’afaru, Ibrahim Isa Wada 1,875,156,385.12
  76. Lynq Communications; Joe Obiora Udeagbala, Sylvia Udeagbala 1,847,974,990.21
  77. Petlib Envi-Chem Ser; Ibiam Eleanya E,  Ekwo Eteakamba Edem 1,706,415,936,54
  78. Amsalco Ind. Limited; Aminu Saleh, Bashir Aminu Saleh 1,646,184,931.54
  79. Aminu Saleh Alhaji; Aminu Saleh Alhaji 1,630,812,798.76
  80. Chevron Oil Staff Multipurpose Cooperative Chevron Staff 1,595,966,334.11
  81. Micro Products Int’l Nig. Limited; Chris Anugwolu 1,568,839,810.06
  82. The Franklin Hotel & Suites; Frank Omosigo 1,566,984,396.77
  83. Titanium Oil and Energy Limited; Acholonu Patrick, Ekezie Chief Ralph 1,564,295,090.70
  84. Alcomp Computers Limited; Engineer Emeka Vitus Ezenwanne, Gloria Uzoamaka Ezenwanne 1,559,711,000.55
  85. Tina Stores Limited; Matthew Nmezi, Clementina Nmezi 1,558,068,328.38
  86. Shemofeyo Ventures Limited; Sheba A. Acholonu, Patrick Modupe Olorunfemi 1,549,586,200.57
  87. Westoil Petroleum Services Limited; Bidemi H. Fahn, Hamdalat Ajayi Omotayo Fahn 1,540,787,598.44
  88. Ohzed Oil and Gas Company Limited; Stella O. Dike Engr Matthew A. Dike 1,516,937,763.45
  89. KDC Construction Limited Alh Waziri B. Mustapha 1,480,572,356.42
  90. Deep Sea Oil Gas Limited; Itelima Steve Yeowuma, Itelima Patricia Yeowuma 1,386,834,554.36
  91. Ascot Fabricators and Constr. Limited; Henry E. Imasekha, Joey Chuma Obue 1,374,274,319.42
  92. C.M.G. Limited; Mike Osime 1,339,507,291.77
  93. Huf Engineering Nigeria Limited; Enuha Hyacinth Uzu Fela, Enuha Carol 1,288,402,095.13
  94. Integral Petrochemicals Limited; Oludare O. Olagoke, Adeyemi Y. Olagoke 1,269,386,433.60
  95. Unicorn Place Leisure Services Limited; Ike Nwabuoku 1,256,178,425.11
  96. Ibika Investment & Property Limited; Fashina Kofoworola Olakunle, Fashina Mabayomije Omololu 1,230,763,959.94
  97. Assorted Foods & Beverages; Ifabiyi Ademola Ifabiyi, Eyitope Ifabiyi Toyin 1,185,194,335.36
  98. Al-Fil Petroleum Company Limited; Alao Idris Alao Abdullatif 1,151,788,405.05
  99. Primeview Investment and Property Gabriel Orene Esule George 1,119,804,330.77
  100. Merepainti Nigeria Limited/BPT Equipment; Engr Mohammed Nura Khalil 987,172,183.55
  101. Rainbownet Limited; H.E. Chimaroke Nnamani 804,985,922.59
  102. Paveblocks Nigeria Limited; Alh. Waziri B. Mustapha 633,128,165.50
  103. Honourable Adetunji Adeniyi; Honourable Adetunji Adeniyi 491,220,414.05
  104. Sarki Labaran; Engr. Sarki Labaran 471,402,281.70
  105. Senator Usman Bayero Nafada; Senator Usman Bayero Nafada 409,502,652.84

Courtesy: Dailyadvent

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Airtel Performs Groundbreaking Ceremony for its NXTRA Data Centre, Promises 1000 Jobs

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By Eric Elezuo

Prominent Nigerians were present as network communications service provider, Airtel Africa, performed the ground-breaking ceremony for the establishment of its NXTRA data centre project in Nigeria, at the prestigious Eko Atlantic City, in Victoria Island, Lagos, informing that the project is programmed to create over 1000 jobs for Nigerians.

The company noted that the facility, nicknamed the Nitra frontier, and reported as the first of five hyperscale data centres to be developed by Airtel Africa on the continent, will deliver 38 megawatts of total power and host high-density racks that integrate the latest best practice construction to achieve 1.3 power usage effectiveness (PUE).

It was also revealed that the data centres at full capacity will offer 180-megawatt capacity, distributed across 13 major data centres, and over 48 edge data centres.

Speaking at the event, the Group Chief Executive Officer of the Airtel, Segun Ogunsanya, who informed that the project is expected to go live by the first quarter of 2026, further stated that out of the 1000 jobs expectedto be created, 250 will be permanent once the project is deployed and at capacity.

He praised the project as marking a significant milestone in the company’s journey and is a cornerstone of the organization’s growth strategy, with a particular focus on Nigeria, which unarguably is its largest market.

He added that the project will enhance data sovereignty, security, and preservation within the continent, as well as reflect the group’s commitment to make Nigeria a major hub for access to digital services as it propel Africa towards a sustainable and inclusive digital age.

“This mega project will provide over 1000 jobs. More significantly, once deployed and at capacity, it will create over 250 permanent jobs for Nigerians whilst supporting companies in manufacturing, financial services, and health care as they move their data and computing into third-party data centers like ours.

“Ultimately, we have to store data and content closer to where it is being consumed,” Ogunsanya said.
Boost for digital economy

Ogunsanya was also of the opinion that with Airtel Africa’s extensive fibre footprint, NXTRA “offers secure and scalable integrated solutions to global hyper-scalers, large African enterprises, startups, SMEs and governments.

“Through locally available data centre capacity, speed to access digital services will improve and the cost of managing data will be reduced, thus helping power increased innovation, while supporting a new generation of African tech talent,” he said.

In his remarks at the event, that also has the governor of Lagos State, Babajide Sanwo-Olu, in attendance, the Minister of Communications, Innovation and Digital Economy, Dr Bosun Tijani laud the creativity attached the innovation, saying it is in tandem with technology revolution that is fast engulfing the universe, with Artificial Intelligence (AI) as a main point of reference.

“Data is a key driver in our economy. Not only do we need to connect our people, we also must invest in the digital economy, and through the investment that companies like Airtel have made in our economy, we are fully able to participate in the digital economy,” he said.

Other personalities that graced that event include traditional rulers and stakeholders in the telecoms sector.

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Customers Applaud As Glo MoneyMaster PSB Mobile App Enhances Banking Experience

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The mobile banking app recently launched by MoneyMaster Payment Service Bank Limited (MMPSB), Nigeria’s leading payment service bank, has been enriching the banking experience of the bank’s customers.

The app, which was unveiled by MMPSB for the convenience of its existing and new customers provides a seamless banking experience to its customers thereby reaffirming the bank’s commitment to deliver faster and secure banking services to its growing customer base.

Apart from allowing customers to perform many services without stress from their comfort zone, the mobile banking app has a robust suite of functionalities. Customers using Android phones can download the mobile banking app from the Google Play Store, while iPhone users can also download from the Apple App Store.

The mobile banking app enables MMPSB customers to manage multiple accounts. Wallets, savings, and current accounts can all be managed from the mobile banking app. Customers can also upgrade the KYC (Know Your Customer) requirements for higher transaction limits and open additional accounts via the app. It is an invaluable tool for all existing and potential mobile wallet, savings, and current account holders of MoneyMaster PSB.

The mobile banking app is also fast and secure for all intra-bank and interbank transactions and allows customers to set transaction limits, manage beneficiaries, view transaction history, and download and share transaction receipts, among other exciting features. They can also request their account statement and receive it via e-mail.

It also features both biometric and password authorization to login and authorize transactions and allows customers to also buy airtime recharge and data bundles from all networks directly for themselves and others via the app. In addition, customers can pay for their DSTV and GOTV subscriptions, buy electricity units from all major DisCos and pay utility bills from the app.

Customers of the bank have also attested to the robust nature of the app. Some of them who commented on the effectiveness of the app include Uche Nwoye who said, “It has not been long that I downloaded the app, but from all indications, the features and design are easy to navigate.”

Also Henry Omosimua describes it as a “nicely built app. The UI is good and smooth. Kudos to Moneymaster PSB. It would be nice to add app notification for incoming and outgoing transactions”, he noted.

For Agunbiade Abiola, “this app is the definition of evolution”, while Michael Sanamo said the app is “fast in carrying out transactions.”

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Globacom Targets SMEs’ Growth with Launch of “Glo Outsource Pro”

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Leading telecommunications company, Globacom, has launched an outsourcing product aimed at helping small and medium scale companies as well as corporate organisations focus on their core operations thereby enhancing their productivity.
The company explained in a press statement that the service tagged “Glo Outsource Pro”, is a strategic business solution that aids companies and businesses to outsource some of their non-core operations.
Such businesses including banking, energy, oil and gas, FMCG, manufacturing, distribution, utility, internet service providers (ISPs), logistics companies, MSME, etc. will be able to  focus on their core competencies, leading to improved efficiency, cost savings, and enhanced customer experiences.
“Glo Outsource Pro enables companies to delegate specific operational activities, such as customer support, finance and accounting, IT services, human resources, and supply chain management to Globacom which leverages its expertise, technology, and economies of scale to optimize processes and deliver high-quality results that will impact positively on their operations”, the telecommunications giant said.
The company added that “with Glo Outsource Pro, organizations are able to contract out their inbound and outbound call centre activities, inbound technical helpdesk, social media management, data mining for planning purposes and general back office support. It will also help them in the areas of teleprospecting, customer campaigns/onboarding, retention campaigns, collections, sales campaigns, etc”.
It also confirmed that the service will assist companies to maximize cost-effectiveness, boost productivity, and improve effectiveness in the marketplace by helping them look after some non-core sections of their businesses so they can focus on their core activities.
The new business management proposition is meant to further boost Globacom’s image as the ultimate value and innovative solutions provider for businesses at varying levels while unlocking their full potentials as well as enabling cost savings, operational excellence and unmatched customer satisfaction.
Aside from these, “Glo Outsource Pro” will equally enhance technology upgrade, competitive advantage and improved effectiveness in the marketplace.

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