Unity Bank also released 260 names of delinquent debtors with a combined NPL figure of N45.52bn.
The list has the companies of some
prominent Nigerians. These include Umar Mutallab’s DeanShanger Project
Limited, N3.6bn; Senator Ayodele Arise and a former Minister of State
for Works, Mr. Dayo Adeyeye’s International Payment Devices Limited,
N81.9m; and Prince Adeyanju Olateru-Olagbegi’s Cupid Investment BDC,
N90.1m.
Other prominent companies on the list
are......
Ekiti Kete Mass Transit, which owes N991m; Fargo Petroleum and Gas
Limited, N2.5bn; Ava Cement Limited, N.8bn; and Plywood Chemical and
Accessories, N1.1bn.
Ava Cement topped Unity Bank’s debtors’ list with N9.8bn, while Malcolm Akpokodje owes the least with N20m.
Access Bank Plc published a list of 11 delinquent debtors, with a combined NPL figure of approximately N3.4bn.
Top on the list are Bioka Ventures
Limited, which owes N1.15bn, while Derukas International Limited was
last on the list with a debt of N56.3m.
Diamond Bank Plc has N47.17bn as its total NPLs, with companies belonging to prominent Nigerians owing sizeable amounts.
These include Sir Emeka Offor’s Global
ScanSystem Limited, which the bank says owes N181m; a former Chairman,
House of Representatives Committee on the Diaspora, Mrs. Abike
Dabiri-Erewa’s Thriller Eneavours, which owes N122m; and a former Delta
State Commissioner for Sports Solomon Ogba’s Delta Mega Trend Limited,
which owes N89m.
Aside the 13 banks which have published
their debtor lists, other banks which will publish theirs this week are
Ecobank Nigeria, First City Monument Bank Limited, Standard Chartered
Bank, Keystone Bank Limited, United Bank for Africa Plc and Wema Bank
Plc.
Investigations by our correspondents on
Monday revealed that most of the banks had cut their list of delinquent
debtors due to litigation with their customers over disputes arising
from loan terms and last-minute renegotiations by some clients.
A top bank executive, who spoke to one
of our correspondents under the condition of anonymity, said, “Some of
the banks have to remove the list of some clients due to issues that
border on litigation.
“Some names were removed at the last
minute after the affected customers came to renegotiate with us. Some
banks have had to cut the names on their debtors’ list by at least 50
per cent.”
Officials of banks, who spoke to our
correspondents, linked the relatively high figure of the NPLs in some
banks to inside connivance with customers, lingering margin loans and
huge oil and gas-related loans.
According to them, customer relationship
managers in some of the banks connived with the customers to obtain
huge loans that eventually became bad.
They also said that long-standing margin loans in some banks were responsible for the high figure.
Drop a comment....thanks!
No comments:
Post a Comment