This article we’ll give you the Full List Of Loan Defaulters In Nigeria and their primary promoters and their the current publicity.
Vice-President Yemi Osinbajo created an task force in the year 2019 with the intention of formulating a strategy to collect the N5 trillion due by AMCON. Assets Management Corporation of Nigeria (AMCON) by the country’s leading defaulters of loans.
The Economic and Financial Crimes Commission (EFCC), Nigerian Financial Intelligence Unit (NFIU), Independent Corrupt Practices Commission (ICPC) as well as the Ministry of Justice have been ordered by the Vice-President Yemi Osinbajo to pursue the defaulters of loans from Nigeria .
The most prominent Full List Of Loan Defaulters In Nigeria According to AMCON they have a debt of 67% of N5 trillion in debt.
In the words of Vice-President Yemi Osinbajo The federal government created a task force to supervise all the debtors in the Full List Of Loan Defaulters In Nigeria
The Federal government has announced that it has intensified its efforts to recover the N5 trillion due to the chronic debtors and loan defaulters.
The most prominent 20 loan defaulters in Nigeria as per the report released from AMCON, the Assets Management Corporation of Nigeria (AMCON) in October, 2019 Below are the top 20 loan defaulters in Nigeria.
Table of Contents
Full List Of Loan Defaulters In Nigeria
| S/N | Obligor Name | Main Promoter(s) | Current Exposure |
| 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 KuteyiSaheed KuteyiGaniyu Kuteyi | 39,056,674,951.55 |
| 5 | Tinapa Business Resort | Cross River State Government | 36,006,319,844.68 |
| 6 | Home Trust Savings | Chukwukadibia AjaegbuFunmu Ademosun | 30,626,243,344.71 |
| 7 | Geometric Power Limited | Prof. Barth NnajiNnaji AgathaObibuaru ElumaAnike PaulNwobodo Benjamin ChukwuemekaDozie ChijiokeAkpe AustineNnaji OkechukwuUBA Trustees LimitedKunoch LimitedDiamond Capital & Financial Market Limited | 29,844,500,896.77 |
| 8 | Roygate Properties Limited | Wale Babalakin (SAN)Agumadu JohnAlarape OlabodeOkhaleke 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 RichardFrancis Atuche | 20,378,820,507.19 |
| 12 | Flotsome Investment Limited | Oboden IbruTejiro Ibru | 20,218,703,550.96 |
| 13 | Lonestar Drilling | Late Chief IdisiMargaret 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 ChikaObi Ike C. | 18,059,895,396.27 |
| 18 | Afrijet Airlines Limited | Inoelle Willam BarryCarr 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 |
Some Frequently Asked Questions On Loan Defaulters In Nigeria
1. What happens if an online loan is not repaid in Nigeria?
If you fail to pay back your loan online in Nigeria the app that you borrowed the money might reveal names, BVN, photo, the details of your profile, including phone number, and other information publicly available. If you take out a loan through the lending app you are able to store your contact details in their database. This information could be used to blackmail you or publicly shame the person who owes you loan payment.
2. What happens if one fails to repay a loan from a bank in Nigeria?
If you do not pay back the loan from a bank to Nigeria, AMCOM, the Asset Management Corporation of Nigeria could announce your name in a newspaper of national significance in the event that you are one of the most prominent loan defaulters. This happens following the issue of an alert and demanded you to repay your loan.
3. Can Loan App Block my BVN?
If you fail to pay an loan in Nigeria and you are unable to pay it back, your BVN will not be blocked. They are able to reveal your BVN and any other personal information along with the contact details you have gathered from their database. They can also declare that you’ve paid off the loan.
4. Do you have the right to be in jail for not paying the mortgage in Nigeria?
If you fail to pay a loan in Nigeria and you are not prosecuted, you will not immediately be in jail in the event that you’re not prosecuted but you may be shamed publicly and have your name printed in a national newspaper. If you fail to pay an application for loans it is possible for the app to release your personal information and photo to your contacts as well as the public to humiliate you and force you to pay. If you do default at a bank or credit card, your name might be publicized if you’re among the top defaulters on loans.
5. What is the Punishment for Personal Loan Defaulters?
If you fail to pay personal loans in Nigeria and you aren’t prosecuted and you are not prosecuted, you will not be sent to jail immediately however you could be publicly shamed and have your name may be featured in a nation’s newspaper. If you are in default on an application for loan that is publicly accessible, the application can expose your image as well as personal details to your contacts as well as the general public to shame you and make you to pay back.
New List of Top 20 Loan Defaulters In Nigeria
- Capital Oil & Gas Industries Limited Ifeanyi Ubah 115,952,152,265.92
- NICON Investments Limited Jimoh Ibrahim 59,544,633,980.31
- Bi-Courtney Limited (MMA2)Wale Babalakin (SAN)40,798,422,374.02
- Josepdam & Sons Limited Late Mrs. Josephine, Damilola Kuteyi, Saheed KuteyiGaniyu Kuteyi 39,056,674,951.55
- Tinapa Business Resort Cross River State Government 36,006,319,844.68
- Home Trust Savings Chukwukadibia Ajaegbu, Funmu Ademosun 30,626,243,344.71
- Geometric Power Limited Prof. Barth NnajiNnaji AgathaObibuaru ElumaAnike PaulNwobodo Benjamin ChukwuemekaDozie ChijiokeAkpe AustineNnaji Okechukwu
- Roygate Properties Limited Wale Babalakin (SAN) Agumadu John Alarape Olabode Okhaleke Ndudi 28,137,176,532.32
- Shell Development Petroleum Company – West Multipurpose Co-operative Society Limited (SPDC)Shell Staff, represented by Ikponmwosa Ogiemuda26,474,541,188.17
- Anyiam Osigwe LimitedAnyiam-Osigwe Dorothy Chinyere20,523,322,350.29
- Platinum CapitalObire RichardFrancis Atuche20,378,820,507.19
- Flotsome Investment LimitedOboden IbruTejiro Ibru20,218,703,550.96
- Lonestar DrillingLate Chief IdisiMargaret Idisi20,207,979,803.22
- Petrologistics LimitedUgoji Egbujo19,576,962,565.35
- Lorna Global ResourcesH.E. Chimaroke Nnamami18,919,109,352.85
- Hosanna Properties LimitedAnionye ChikaObi Ike C.18,059,895,396.27
- Minaj Holdings Limited, Ajegbo Mike Nnayeluchudihu, Luke Chidi Chudihuilogu, Miller Gregrey, Ethridge KyleAttueyi JoeOladele Afolabi
- Afrijet Airlines LimitedInoelle Willam BarryCarr Collin13,122,022,439.57
- Petroleum Brokers LimitedWilcox Awopuolagha13,076,314,937.26
- Hotel De Island; Kasmal Properties; Island Autos & NacoilKashamu Prince Buruji13,015,595,907.67