Atiku Abubakar is on the list with 600 other wealthy Nigerians
This list says Atiku Abubakar owes N111 million ($730,000; £450,000) and names 600 others who owe a total of $2.5 billion.
The non-repaying of these debts is a major factor in the recent government takeover of several banks.
The scale of the debt has created a scandal in Nigeria. The latest move by the Central Bank of Nigeria (CBN) marks the end of its forensic audit of Nigeria’s 24 financial institutions.
The scandal emerged in August as the government stepped in to take control of five banks – sacking their management teams.
Four chief executives were arrested – they are now being prosecuted on multiple fraud charges.
A fifth chief executive, Erastus Akingbola, former CEO of Intercontinental Bank, is on the run – he is thought to be in the UK.
The list of debtors to Bank PHB, Equitorial Trust Bank, Spring Bank, Wema Bank, and Unity Bank was made available on Wednesday evening.
Other powerful people on the list include: Read the rest of this entry »
The Central Bank of Nigeria (CBN) yesterday made good its threat to publish names of non-performing debts – owed mostly by politicians, entrepreneurs, and shareholders/directors – whose companies secured loans totaling N450 billion from five banks. 
