Ade Ogidan, (Guardian)- Other top bad debtors listed by CBN include Mr. Femi Otedola, N12.8bn (Intercontinental Bank) through his company, African Petroleum Plc and another N6.2 billion is owed Union Bank through his Zenon Oil. Forbe's rated richest man in Nigeria and NSE president, Alhaji Aliko Dangote also has a non-performing loan of N2.5bn to clear with Oceanic Bank.
Jude Njoku, (Vanguard)- Lagos Island Business District was the toast of blue chip companies and other small and medium-scale business enterprises prior to the relocation of the seat of the Federal Government to Abuja in 1992. Shortly before this relocation, however, this beautiful island where high-rise buildings competed for visibility was turned into a haven for miscreants and layabouts popularly called “Area Boys or Alayes”.
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