Economic Confidential, August 18, 2009

BANK DEBTORS

AFRIBANK PLC

MAJOR DEBTORS AS AT MAY 31, 2009

KOLVEY COMPANY LIMITED                                                  16,500,000,000.00

SULIEMAN IBRAHIM, AISHA USMAN, HABATUN M.A

REHOBOTH ASSETS LTD                                                       15,000,000,000.00

CHUDI AJAEGBU, CHIAMAKA AJAEGBU, TOCHI NAOMI

AJAEGBU, EKENE AJAEGBU, JOSEPHINE AJAEGBU

RESOLUTION TRUST AND INVEST CO. LTD                              12,000,000,000.00

PATIENCE ORIGHOMESAN, SARAH ORITSEMARUNTOSAN,

PETER UKUORITSEMIFE OKOLO, JOSHUA TORITSEJU

PETOSAN PROPERTY AND DEV CO. LTD                                   10,000,000,000.00

PATIENCE ORIGHOMESAN, SARAH ORITSEMARUNTOSAN,

PETER UKUORITSEMIFE OLOLO, JOSHUA TORITSEJU

LARIX NIG LTD                                                                   6,100,000,000.00

ALHAJI IDAH

BRO WORKS (NIG) LTD                                                        5,000,000,000.00

ALHAJI IBRAHIM

SULETICAL NIGERIA LTD                                                      5,000,000,000.00

AQUITANE OIL AND GAS LTD                                                2,451,429,489.89

DAHIRU WADA, IKECHUKWU OKOLO, VICTORIA NGOZI

OKOLO, OLARENWAJU KUSEMIJU, KUNLE AKEJU,

KWAME NKURUMAH NGOJI, IBUKUN ADEGBITE

PETRO-LOGISTICS LIMITED                                                  1,753,629,570.19

DR UGOJI EGBUJO, MR SHAKAR OLUWO, AKUDO EGBUJO

FIOGRET LIMITED                                                               1,683,796,444.93

CHIEF GREAT OGBORU,TURNER OGBORU,CHIEF FADA OGBORU

OMATEK COMPUTERS LTD                                                    1,649,380,634.77

MRS FLORENCE SERIKI, FOLA ADEOLA DR TIM FAWINRE

DAMNAZ CEMENT COMPANY LTD                                            1,624,731,764.95

ENGR IBRAHIM A. GOBIR, ABUBAKAR MAGAJI,

ALIYU MUJINYAWA, MOHAMMED DANDARE

13 STERLING CIVIL ENGINEER                                               1,588,641,038.00

NICE CORPERATE SERVICES LTD                                           1,468,012,191.22

LAWAL MOHAMMED AUWAL, AUWAL ASMA'U

PETTERNS NIGERIA LTD                                                      1,121,815,000.00

CONTINENTAL TRANFERT TECH LIMI                                       696,195,060.96

ALH HASSAN IBETO, MR BENOY BARRY, MR ROHEEN BARRY,

ORANGE-LINE LTD                                                               661,722,356.08

CHIKE IROEGBUNAM, CHIEDU N. EDOZIE

IMAD OIL AND GAS LIMITED                                                 555,359,418.30

ALH. ABBA DASUKI, BASHIR ADAMU GUSAU

IKEJA HOTEL PLC                                                               541,029,826.48

DREDGING ATLATIC COMPANY LTD.                                       510,252,876.98

JOHANNAS DAVID RASSFELD, HERMAN STREWE, ENGR.

KASALI ADEBAYO SHITTU, STANLEY ABALI

ALLIANCE AND GEN. INSURANCE CO. LTD                               508,868,225.48

ALANI AKINRINADE, OLAFISOYE A.O, A. ADEDEJI,

MRS DINOBI, MR LAMIDI W.A, EMMANUEL OLANIYI,

ADRIAN BAULF

THE DAILY TIMES OF NIG. PLC                                              493,472,332.51

BRUNEL ENGR. AND CONSULTING LTD.                                   6,935,006,115.89

FALCON SECURITIES LIMITED                                               29,500,000,000.00

PETER OLOLO (MD), SIMBABE JOSEPH, EMMANUEL UGBO

AFRICAN PETROLEUM                                                          12,804,121,542.49

FEMI OTEDOLA, OSA OSUNDE, TUNDE FALASINU, CLEM

AVIOMAH, LAYI, BOLEDEOKU, GRACE EKPEYONG

MERISTEM SECURUTIES LTD.                                                2,920,559,831

ISHAYA SHEKARI, KELAMB INVEST LTD, AND OTHERS

ULO CONSULTANTS LIMITED                                                 2,025,395,139.48

CHIEF UCHE OKPUMO, BAR. SAM NWOSU, DETOLA OLU

OLOWONWA

HOME TRUST SAVINGS AND LOANS                                       763,260,162.00

FEMI ADEMOSUN

GRAND TOTAL TOTAL                                                                     141, 856,679,021.60