COMMERCIAL BANKS PUBLISH NAMES OF DEBTORS



In 2015, the Central Bank Number directed 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.

Defaulting borrowers have been told to begin repayment within three months, but debtors whose loans are non-performing after three months will be expelled from Nigeria’s foreign-exchange and government bond markets.
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