UNITY BANK EXPOSES BAD DEBTORS
Information reaching Tectono Business Review has it that Unity Bank Plc has released the names of customers with bad loans that have failed to make good their obligations to the bank.

This followed the expiry of a two-week grace period given by the bank from October 8 to October 22, to such customers, the bank said in a statement.

According to the bank, the immediate fallout of publishing the names of the customers includes an industry-blacklisting of such debtors from further banking transactions until they attend to the bad debts.

It however added that several customers heeded the call and had come forward to either make good their obligations or negotiate a re-structuring of the loans.

The full list of debtors, which was published on the bank’s website, comprise:
• Bulet International Nig. Limited
• Total Steel Limited
• Ekiti Kete Mass Transit Co Limited
• First Oil Limited
• A.B. Radda Petroleum
• Chester Investment Limited
• Wamus Oil and Gas
• Origin Automibile Works Limited
• Afriventures Holdings Limited
• POD of Diamond Limited
• Vince Oil Limited
From: http://tectono..com/

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We don't need the names of the company as it is crystal clear Unity bank is dancing to the gallery on the issue of bad debtors. If they are serious, they should unveil the mask behind the company as this is statutory acceptable before the eyes of the law in circumstances as this one and mention the names of the economic saboteurs milking every sector of the Nigerian Economy dry.