Banks publish list of debtors

Posted by News Express | 15 November 2016 | 2,142 times

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Commercial banks have resumed publishing the lists of delinquent debtors including individuals and companies in line with the Central Bank of Nigeria (CBN) directives.

Last year, the CBN ordered banks to publish a list of debtors that failed to meet the deadline in at least three national newspapers each quarter effective from may the 1st 2015.

Delinquent borrowers are expected to get three months to start repayment, while borrowers whose loans remain non-performing after that period will be banned from Nigeria’s foreign-exchange and government bond markets. (Channels TV)

 


Source: News Express

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