The Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) in the country on Thursday resolved to publish the identities of all serial debtors to the financial industry by August 1, 2015.

It is estimated that three per cent of total industry credit of about N13 trillion is bad debt.

Speaking in Abuja, CBN Director of Banking Supervision, Mrs. Tokunbo Martins, who briefed journalists alongside some banks chief executives after the regular meetings of the Bankers’ Committee, said despite the significant non performing loan portfolios, the financial system remained stable.
She said: “The total credit is about N13 trillion. About three per cent of that is non performing and August 1, 2015, is the deadline publishing the list of debtors.”

She said given that the upper limit of non-performing loans as a percentage of total credit was five per cent, the current three per cent figure of bad loans yet indicated that the banking system was stable in spite of the latest push to recover the outstanding debts.

Group Managing Director/Chief Executive of UBA, Mr. Philips Oduoza, disclosed that the June 30 deadline for compliance with the Bank Verification Number (BVN) would not be altered, adding that customers who failed to obtain their numbers would be denied banking services including foreign exchange, credit and internet banking, among others.

He said: “If you have enrolled in a bank, you don’t need another enrolment in other banks where you have accounts. You just supply the number to the other banks. If you don’t enroll, it is possible you won’t have credit, your internet services will be shut down and you won’t have access to foreign exchange.”

Oduoza noted that 12.5 million customers had so far been captured in the on-going exercise stressing that many more were expected to obtain their numbers before the deadline.

He said the exercise was important to provide banks accurate data on their customers and that those with multiple bank accounts needed to undertake the verification in one bank and then provide the others with the number which would be captured by the other banks.

Unity Bank’s Chief Executive, Mr. Henry Sementari, said the foreign exchange market had been stable as the CBN and the banks had been able to meet all legitimate demand.

http://www.google.com.ng/url?url=http://www.thisdaylive.com/articles/cbn-banks-set-august-1-to-publish-serial-debtors-list/211809/&rct=j&q=&esrc=s&sa=U&ved=0CBMQFjAAahUKEwjd3-DX0InGAhWGLNsKHTupAA8&sig2=21pi5m3jVEcfwjXgOlV_DQ&usg=AFQjCNFcVZnKmTSAs_LtiwGptXXzSiSj4w

Let us see how it goes...

@lalasticlala, Ishilove

punch newspaper no go contain

Abeg who still dey read punch newspaper? That tabloid is a disgrace to journalism!

Noted

Ok o

Good one

New Mtn Free 250mb Reloaded

[url]proudlyweb.com/new-mtn-free-250mb-reloaded/[/url]

Gone were the days we used to think debt is bad.

Thus, it'll be great to see details of the loan; not just the amount of debts.

Otedola and Dangote. I am sure of these two names being there.

Serial killers dey
Serial debtors still dey
Wahala de dis world

abeg publish am







Meanwhile do u want to know how u can enlarge your joystick and stop premature ejac?? Check my profile/signature

[size=20pt] Apo mechanic village guy are in deep ish
ffurking criminals[/size]

we are waiting.

kekakuz:
g

g for G string

Good!

All those posing with Borrowed money.

They shall be exposed.

How wil dis benefit d poor

okay. Let me get my lawyer cos I aint repaying no fvcking debt.

How I walk when I'm very sure my name can never appear in Debt lists

Yoruba Proverb: "okele gbigbe pelu irorun o San ju............."

doublewisdom:
Otedola and Dangote. I am sure of these two names being there.

seun,barcanista,temitemi,mukina2,rokiatu,eleko1,ishylove,kennygee and vickyrotex name go dey there too

alright

ait

doublewisdom:
Otedola and Dangote. I am sure of these two names being there.

Sure,that's why all the banks will not give common man any loan,just imagine u want a loan of N5m and u are asked to bring collateral worth N35m.

IYANGBALI:
seun,barcanista,temitemi,mukina2,rokiatu,eleko1,ishylove,kennygee and vickyrotex name go dey there too

What of the one you de owe me?

PLS DO IT FAST

Hearing this for ages

Ok

30 june deadline! BVN what do you mean

Very good at least we go know the ones wey there nyash dirty

This could have been done without letting the whole world know first.

The one Sanusi published in 2009, what effect did it have?