CBN Blacklists Major Loan Defaulters, Restricts Credit Access
The Central Bank of Nigeria (CBN) has officially restricted banking services for “chronic defaulters” and large-ticket obligors with non-performing loans.
In a sweeping move to enforce credit discipline and safeguard the nation’s financial system, the apex bank issued...
Ekiti Govt Threatens To Sanction N1.6bn CBN/BOI Loan Defaulters
Ekiti State Government has raised concern on the failure of beneficiaries to repay the about N1.6bn loan from the Central Bank of Nigeria and the Bank of Industry’s matching funds facility.
The State Commissioner for Trade in...
Banks’ Loan Defaulters Almost Wrecked Nigerian Economy – AMCON
The Asset Management Corporation of Nigeria has said that loan defaulters of Deposit Money Banks who are on its books almost crashed the Nigerian economy if not for its intervention.
AMCON, an agency of the Federal Government,...
Loan: Banks To Place Chronic Defaulters On Watch List
the Central Bank of Nigeria on Monday released the guidelines aimed at reducing non-performing loans in the banking sector and monitoring chronic loan defaulters.
The CBN released the guidelines through a circular to all banks and other...
CBN Gives Banks’ Approval To Debit Loan Defaulters
Central Bank of Nigeria (CBN) The Central Bank of Nigeria (CBN) has given approval to the banks to debit any defaulting debtor across all the banks where the debtor has funds. The CBN also approved that the...
Loan Defaulters To Lose Deposits In Other Banks
The Central Bank of Nigeria and other lending institutions have agreed to seize the bank savings of customers that borrow money and refuse to pay back.
They agreed that the deposits in the customers’ other banks’ accounts should...
