About N400 billion bad debt outstanding in the banking sector is causing panic in the industry and most of the debtors are individuals who have the capacity to pay but have refused to do so. Following this development, the Central Bank of Nigeria, CBN, and Deposit Money Banks in the country have concluded plans to publish the list of such debtors starting from August 1, 2015. The decision to publish the list was arrived at yesterday after the bankers rose from the 322nd Bankers’ Committee meeting in Abuja with a resolution that the names of all serial bank debtors be published latest August 1, 2015. The CBN Director of Banking Supervision, Mrs Tokunbo Martins, said banks had been given August 1 deadline to publish names of their debtors. Martins disclosed this while briefing journalists on the outcome of the 322nd Bankers Committee meeting in Abuja. She said: “You will recall that at the last Bankers Committee meeting, we discussed about publishing the names of serial de...
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