2 India-origin brothers among 100 debtors grilled by Nigeria | india | Hindustan Times
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2 India-origin brothers among 100 debtors grilled by Nigeria

Nigeria's anti-corruption watchdog Economic and Financial Crimes Commission today asked 100 debtors, including two brothers of Indian origin, to start paying back nearly USD three billion dollars immediately.

india Updated: Oct 19, 2009 23:33 IST

Nigeria's anti-corruption watchdog Economic and Financial Crimes Commission today asked 100 debtors, including two brothers of Indian origin, to start paying back nearly USD three billion dollars immediately.

The debtors, who owes to five troubled banks of the country, were named in a list by the Central Bank of Nigeria.

All the 100 debtors were today grilled at the EFCC office in Lagos, and have been asked to commence payment immediately, according to an EFCC spokesperson.

The five troubled banks are Bank PHB Plc, Equitorial Trust Bank, Spring Bank Plc, Wema Bank Plc and Unity Bank Plc.

The list of debtors released last week was the second to be published by the regulatory bod and it totalled to USD 2.96 billion.

The Central Bank of Nigeria (CBN) had recently removed the chief executives of all these undercapitalised banks after a second stage of general auditing.

The two Indian-origin brothers -- Sunil and Haresh Vaswani -- are British nationals. They run a firm, Premium Seafoods which owes USD 19 million to Equitorial Trust Bank (ETB) declared bankrupt by the Central Bank of Nigeria (CBN).

The present list of debtors in the excess of 600 comprise of private entrepreneurs and government agencies.

A former vice president, Atiku Abubakar was also mentioned as owing to one of the banks.

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