Nigerian
Deposit Money Banks on Monday continued with the policy of naming and shaming
their delinquent debtors with further publication of the names of firms and
their directors whose loans have become non-performing for more than one year.
Nine
banks First Bank of Nigeria Limited, Access Bank Plc, Diamond Bank Plc and Unity
Bank Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, Union Bank Plc, Sterling
Bank Plc, Skye Bank Plc, Fidelity Bank Plc, Stanbic IBTC Bank, Heritage Bank
Limited and Enterprise Bank Limited, had published the list of their delinquent
debtors .
First
Bank, which has its total amount of non-performing loans as N43.72bn, published
92 names of delinquent debtors.
The
first five companies on the lender’s list owe a combined sum of N23bn. These
are Ajaokuta Steel Company Limited, Starcomm Plc; BGL Securities Limited, where
a former Minister of Finance and National Planning, Kalu Idika Kalu, is a
director; Shield Petroleum Limited and Fargo Petroleum and Gas Limited.
Shield
Petroleum, the number one on the list, owes N6.883bn; while Zurich
International Service, the last on the list, owes N26.69m.
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.
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.”
“A huge chunk of the loans are oil and gas
related. The drop in oil prices has also worsened the situation for some oil
and gas companies. They borrowed relatively large amounts of money, which later
became bad loans,” an official of a tier-1 bank told our correspondent.
No comments:
Post a Comment