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N1.14 trillion scandal; Buhari should go after these 220 firms

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Buhari

220 corrupt firms owe AMCON N1.14 trillion

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.

This was contained in a list of debtors released yesterday by the Corporation 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.

Meanwhile, Vice president Yemi Osinbajo has said that no volume of pressure or calls from the elites would derail president Mohammadu Buhari or himself from carrying the anti-corruption war to its logical conclusion.

And that in the last 16 years there was not a single federal government completed road project including rail, as the cost of projects were inflated, saying that “The reason is corruption”.

Revealing that there had been a plethora of calls and efforts by the highly placed Nigerians to stop the probes, the Vice President stated that both of them had no other agenda but “the progress of this country.”

Osinabjo spoke yesterday during a meeting in his office with a delegation from the Moslem Congress of Nigeria led Imam Abdulahi Shuaib at the presidential villa, Abuja.

Re-echoing that the elites who felt unperturbed were saying “it is not a big deal,” stressing that government should merely ask the looters of the commonwealth to return the money and go, Osinbajo expressed gladness that “a new tribe of Nigerians who would not compromise their values but would maintain a sense of right and wrong is now emerging”.

He said it is simply unacceptable that in the last 16 years there was not a single federal government completed road project including rail, the Vice President added that cost of projects were also inflated, saying that “The reason is corruption”.

He said it was the same inordinate desire for enrichment that explains why money meant to procure arms were being distributed among persons at a time when the territorial integrity of the nation was being attacked.


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