Is there no good news at all.....

EFCC should please witch-hunt them

Pavore9:


Pay ke? When they know very well that if they go after them to repay the loans, they have Nigerians whose wailing mode will be activated and the cries of "witch-hunt" will rent the air!

dats one of the biggest problems of poverty-striken nigerians.they defend those that rape their destinies

I hope say my family name folow....

I'm one of the 50 borrowers. We have talked about this and have made up our mind to pay back only when naira is 120 to a dollar..
Happy recession to you all.
Sign:- The PRO top 50 borrowers association of nigeria.

let me guess, bulk of that money is non-performimg loans.

let a common man walk into a bank and ask for a loan of 500k, these cows who disguise as bankers will slash the loan to a miserable amount, deduct and deduct even interest.

then you decide to pay back in full, you will be fined for not giving them prior notice of wanting to pay back in full without installments.

rubbish.

braine:
Just 50 people! Jesus!

It is not surprising na. Nigerians don't fully comprehend the dire situation they are in and it's sad. The question is not if Nigeria will collapse; It is when. People who want a great country don't do the things Nigerians do.

For GOD sake, why would any bank give loans to any of the oil and Gas firm and state government again....during the boom period it was this same set of criminals...and they could not pay....remember the president say said 27 state are bankrupt and there we go again....loans to bankrupt institution.....our banks are equally contributing to the problem of this nation.

And they keep distracting us with noise about corruption when the country is going down the drain.

I hope the banking sector doesn't completely go under cos of the recession and currenncy nosedive.

When there was boom in the oil and gas sector, the loans went to them and they could not pay back....the same applies to the state.....now the doom is here and the loans are still going to them....don't we have any other sector in Nigeria again...(.pardon me for calling the state a sector..) it is a well known fact in Nigeria that 27 state is bankrupt....so why would any bank extend loans to any state in this naija again...Am simply afraid again...

PaulIdu:


They meant 50 entities and not people per say

Okay, that would make more sense.

And to think that these banks won't even consider a young enterpreneur seeking a loan of #5m for a viable and visible business yet they keeping running after cronic debtors to finance their illicit contracts. Serves them right (the banks), so long it doesn't affect petty customers like us.

Ben Bruce is owing Union Bank 11 billion naira.
How about that?

yeyeboi:
They won't publish their names

All these corrupt politicians hiding under buhari's feather 2019 go soon reach all of you will be exposed in Jesus name.

Una go borrow money finish with Nigeria name after una go come dey use tax payers money dey clear una debts.

They are not bad debt so they have no right to publish their names.

If the loan is performing they cant publish their names.

calyto:


Ben Bruce is owing Union Bank 11 billion naira.
How about that?

He shouldn't be excluded either

...after dem go talk sey mhoney no dey....mtchewww

what of the ones already written off by amcon with our oil money? the one the likes of saraki owed banks?

please lets recover all.

Dangote and otedula when we gather our little one-one naira and put they will go and collect and answer. the richest debtors in the world. stripe their assets to pay their debts they become poor like me and you. refuse to give them the loan, CBN will lay false accusations on the bank and change the board, bring in buhari so they can easily get the loans

Cbn 51 ppl


Hw can you forget me na


When i get money i go pay firstbank u hear hehe

Teespice:
let me guess, bulk of that money is non-performimg loans.

let a common man walk into a bank and ask for a loan of 500k, these cows who disguise as bankers will slash the loan to a miserable amount, deduct and deduct even interest.

then you decide to pay back in full, you will be fined for not giving them prior notice of wanting to pay back in full without installments.

rubbish.

@bolded: That was too harsh!

You seem to have had an unpleasant experience with bankers.

As bad as the economy is, some banks are still advancing credit to customers.

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onomeasike:
50 Customers Owe Nigerian Banks N5.23 Trillion

Oyetunji Abioye

Fifty customers owe commercial banks the sum of N5.23tn, representing 33.4 per cent of the total private sector credit exposure of N15.68tn, the Central Bank of Nigeria’s Financial System Stability report has stated.

The FSS report, posted on the CBN website on Saturday, also showed that the nation’s banks gave N1.537tn loans to oil companies and some state governments in the first six months of the year.

“The total exposure to the top 50 obligors stood at N5.23tn (33.4 per cent) of total industry credit exposure of N15.68tn,” the CBN said in the report.



Although the report did not give the identities of the 50 big bank debtors, it indicated that non-performing loans in the period under review grew by 158 per cent from N649.63bn at end-December 2015, to N1.678tn at end -June 2016.

The NPL ratio rose to 11.7 per cent from 5.3 per cent, thus exceeding the prudential limit of 5.0 per cent, it stated.

It also said that as of June ending 2016, loans to oil and gas sector by the banking sector had hit N4.5tn, representing 28.77 per cent of the total industry loan.

The CBN noted that the development did not augur well for the industry well-being.

The 81-page FSS report stated in part, “Credit exposure to the dominant sectors is as follows: 28.77 per cent to oil and gas sector; 12.95 per cent to manufacturing; 8.84 per cent to governments; and 8.69 per cent to general commerce.

“Credit risk is expected to trend higher into the second half of 2016 owing to increased loan impairments resulting from the depreciation of the naira, inability of obligors to service foreign currency-denominated loans, as well as bank exposures to the oil and gas sector.”

A total of N1.204tn loan was given to the oil and gas while N333bn was given some state governments within the six-month period.

The report stated, “At end-June 2016, loans to the oil and gas sector constituted 28.77 per cent of the gross loan portfolio of the banking system as credit to that sector grew to N4.511tn, compared with N3.307tn at end-December 2015. Loans to state governments rose to N1,386.61bn from N1,053.97bn at end-December 2015, as declining revenues continued to constrain payment of salary by some states, funding of key services and execution of developmental projects.

“This was despite the CBN’s N338bn special intervention scheme designed to refinance states’ debts, as well as a debt restructuring programme introduced by the Debt Management Office, which enabled states to restructure their commercial loans in the preceding period. However, to prevent further financial crisis, a fresh facility of N90bn with a nine per cent interest rate was made available to the states.”

According to the CBN, the biting economic recession has made the market share of the five biggest commercial banks in the country in terms of total assets to decline by 17.3 per cent in six months.

The report read in part, “In terms of size of assets and deposit of banks, the market share of the five largest banks in the first half of 2016 declined to 43.30 and 51.96 per cent, from 60.61 and 52.94 per cent in the second half of 2015, respectively.

“The market share of the largest bank’s deposits and assets stood at 12.84 and 13.52 per cent, respectively in the first half of 2016. The remaining 18 banks had market shares ranging from 0.21 to 6.58 per cent in deposits and 0. 26 to 6. 41 per cent in assets, reflecting low competition in the market.”

Despite the improvement recorded relative to the first half of the year, the structure of the banking industry in the first half of 2016 remained oligopolistic, according to the report.

Economic and financial experts said the challenging economic situation had led to muted low growth in the banking industry with most banks scaling down drastically on their lending activities.

Most banks, they added, were now being preoccupied with how to clean up their books by recovering some of the huge NPLs in their books.


http://punchng.com/50-customers-owe-banks-n5-23tn/

Ah...50 cha... I tot some individuals are owin more than that

Just 50 people.
I can join them, so it can be 7 trillion.

Naija na false news.

PaulIdu:


They meant 50 entities and not people per say

50 customers to be precise.

Paulscholari:
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• Easy online shopping on Ebay, Amazon, Mrp, Aliexpress, Ebay
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