Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks - Politics - Nairaland
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| Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by ExAngel007(f): 4:02pm On Aug 26, 2019 |
The Central Bank of Nigeria (CBN) and commercial banks in the country have agreed that loan defaults will be settled using deposits made in other banks. Addressing journalists after the Bankers Committee meeting on Monday, Aishah Ahmad, CBN’s deputy governor, financial services system, said the directive is to encourage banks to increase lending. More to follow… https://www.thecable.ng/breaking-cbn-banks-loan-defaults-settled-deposits-other-banks 4 Likes |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Huncho19: 4:03pm On Aug 26, 2019 |
A welcome development. Hmu to get a very cool business laptop. https://www.nairaland.com/5353976/hp-15-sale-giveaway-price 7 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Magnumproperty: 4:04pm On Aug 26, 2019 |
Good move 4 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by phoenix90(m): 4:04pm On Aug 26, 2019 |
That’s a good news for banks, and bad for debtors 17 Likes 3 Shares |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by pavoda: 4:04pm On Aug 26, 2019 |
I dont understand , before what was the procedure? When you default with debt payments for so long? Na to garnish all accounts OR the individuals fills for bankruptcy make we know. 13 Likes 2 Shares |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Rotjijatau(m): 4:05pm On Aug 26, 2019 |
Good development..... But it should be subject to the debtor/customer's approval 6 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by deleo16(m): 4:06pm On Aug 26, 2019 |
Not only that people will pay VAT for every online transaction will commence soon 3 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Nobody: 4:06pm On Aug 26, 2019 |
Nigeria is a joke of a nation. Big men take loans and use it to buy cars jets and houses 8 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by adecz: 4:07pm On Aug 26, 2019 |
 We go begin hide money inside mattress, soak away or underground inside farm... This govt, na to just dey target hustling or struggling people without improving the lot of anybody. From one attack to the other. Dem wan ban importation of food wey common man dey take manage, but still continue to import fuel. Buhari is just a failed leader, with no compassion. 19 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by mrvitalis(m): 4:07pm On Aug 26, 2019 |
deleo16:Whats wong with that ...whats our budget/GDP ratio the lowest i have seen on earth N u want development 2 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by LegacyB: 4:07pm On Aug 26, 2019 |
This is the best move CBN made in recent time. People flexing with borrowed money yet moving savings to other banks. This should be extended to bank directors and chairman who are even more corrupt than politicians. 4 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Nobody: 4:08pm On Aug 26, 2019 |
Nice move. Forward ever 1 Like 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by SHOPPERS(m): 4:08pm On Aug 26, 2019 |
Rotjijatau: Notice not approval. Who go approve such? 17 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Sirseedorf(m): 4:09pm On Aug 26, 2019 |
Lobatan, there's no more room for wuruwuru debt, you borrow you pay I hope this treatment also goes to the rich .. 3 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by abdulazeez1002(m): 4:11pm On Aug 26, 2019 |
 1 Like 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by erons22(m): 4:11pm On Aug 26, 2019 |
 5 Likes 1 Share
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| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Legendguru: 4:12pm On Aug 26, 2019 |
Oh 1 Like 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Freecitytech: 4:12pm On Aug 26, 2019 |
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| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by jomoh: 4:13pm On Aug 26, 2019 |
We keep moving forward through our financial sector There’s enough money in this economy for its citizens to develop the economy. It only the FG that needs external loan for infrastructure. 3 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by EtovalAutomobil: 4:15pm On Aug 26, 2019 |
ExAngel007:Mrs Aishah Ahmad though my female candidate and Oga Godwin Emefiele my male Candidate for the CBN job should realize that Nigerians are one of the smartest people in the world.They would either ship their deposits out of the country or find a pseudo account that is not link to them to operate.The real bone of contention is the interest rate,how can you be charging customers 28% interest rate when they borrow and be given them 3% when they save ,does that really make sense...the interest rate is too high jare. 14 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by sylve11: 4:15pm On Aug 26, 2019 |
Rotjijatau: in this case, they are oppressing you to collect their money. your approval or no approval is not needed.  2 Likes 2 Shares |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by SHOPPERS(m): 4:16pm On Aug 26, 2019 |
FarahAideed: 1 Like 1 Share
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| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Koolking(m): 4:19pm On Aug 26, 2019 |
Raise your hands if you don't understand this incomplete story 2 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by bamasite(m): 4:20pm On Aug 26, 2019 |
GHan ghan Ghen Ghen: Serious matter 1 Like 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Pavore9: 4:22pm On Aug 26, 2019 |
Rotjijatau: Not so because the debt will never be recovered if it is to be subjected to the debtor's approval. 3 Likes 1 Share |
| Re: Henceforth, Loan Defaults Will Be Settled With Deposits From Other Banks by Boreanazfan: 4:26pm On Aug 26, 2019 |
Wonderment!  Now CBN, you have made us do BVN; you are eyeing our money. 3 Likes 1 Share |
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