Economic Confidential, August 18, 2009

JANUARY 2009 CONTENTS

OCEANIC BANK

MAJOR DEBTORS AS AT MAY 31, 2009

NOTORE CHEMICAL INDUSTRIES LTD                                      32,392,951,000

NOTORE CHEMICAL IND.(MARITUS)

AFRICAN

FINANCE CORPORATION

RAHAMANIYYA GLOBAL RESOURCES LTD                                 28,589,958,000

Abdul Rahaman Musa Bashir

LV DEVELOPMENT COMPANY LTD                                           2,727,256,000

MICHAEL ONASANYA, PRISCILLA BEDELL,BIODUN

SULAIMAN,OLAJIDE OYEWOLE

DANGOTE INDUSTRIES LIMITED                                            2,526,460,000

FALCON SECURITIES NIG. LTD                                              22,260,476,000

PETER UKORITSEMOFE OLOLO & OGISI TORITSEJU GODWIN

WAVES PROJECT NIGERIA LTD                                              362,315,000

WESTCOM TECHNOLOGY and MILLENIUM ENTRY

SPARK-WEST STEEL INDUSTRIES                                           18,449,629,000

MR NIYI OYEDELE, MR SAREL

TAUTE

BFCL ASSETS AND SECURITIES LIMITED                                 4,107,218,000

S E OKORO, O V IBRU

MID-WESTERN OIL& GAS COY PLC                                          23,863,485,000

ONAJITE OKOLOKO, ENG. ADAMS OKOENE

OANDO PLC                                                                       7,100,574,000

GENERAL M. MAGORO

HONEYWELL GROUP                                                             1,606,584,000

MR OBA OTUDEKO

GLOBAL FLEET INDUSTRIES LTD                                            14,782,994,000

JIMOH IBRAHIM

CIRCULAR GLOBAL INTERNATIONAL LTD                                 12,884,748,000

NANASHETU ABDULAI

IMAD OIL &GAS LTD                                                            10,389,687,000

BASHIR ADAMU / ABBA DASUKI NONPERFORMING

ZARM POULTRY & FEED MILLS LTD                                         8,374,879,000

ALHAJI MUFTAU GBADAMOSI NONPERFORMING

CASHCRAFT ASSET MGT LTD                                                2,209,562,000.00

Otunba J. A. O. Ogunfuwa; Deolu Ireyomi

DELTA STATE GOVERNMENT                                                 6,455,196,000

18 NITEL                                                                           7,829,277,000

FLOTSOME INVESTMENT LIMITED                                          7,069,450,000

Mrs. Elizabeth Ishola; Mrs Orumen Jane

PRISKYGOLD NIGERIA LIMITED                                             6,886,324,000

PETOSAN PROPERTY & DEV. COMPANY LTD                            6,396,232,000

PETER U. OLOLO NONPERFORMING

DILIVENT INTERNATIONAL LIMITED                                       6,258,912,000

LEKAN OGUNLEYE NONPERFORMING

AQUITANE OIL AND GAS LIMITED                                          6,119,035,000

IKECHUKWU OKOLO, NGOZI OKOLO

VALUELINE SECURITIES & INVESTMENTS LTD                          6,165,241,000

ELDER SAM ENYINNAYA

ABINOF FOD COMPANY LTD                                                  1,316,131,000

JEEDAB FIBRE                                                                   4,813,696,000

CHIEF ANTHONY GODWILL ADOH

MARRI CROSS INVESTMENT LTD                                            4,353,402,000

MR. NTUK BASSEY AND MRS. LINDA IGIEWE

BERKELEY GROUP PLC                                                         4,300,000,000

HENRY EFE IMASHEKA, ANTHONIA O. IMASHEKA (MRS)

JAG GLOBAL RESOURCES LTD                                               4,157,568,000

JAMILU ABUBAKAR

ORION TECHNOLOGIES LTD                                                    3,874,837,000

MICHEAL ONASANYA, ABIODUN SULAIMON, TUNDE OYEWOLE

OBAT OIL AND PETROLEUM LTD                                             4,474,550,000

PRINCE FEDRICK .E. AKINRUTAN

PETOSAN OIL & GAS COMPANY LIMITED                                  5,105,833,000

PETER U. OLOLO

GRAND TOTAL                                                                                  278,204,460,000