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Nairaland Forum / Nairaland / General / Business / Access Bank To Publish Names Of Debtors (11029 Views)
How Do I Get Rid Of Debtors??? / Share Your Experience Collecting Your Money Back From Your Debtors / Access Bank Threatens To Publish Names Of Debtors In Newspapers (2) (3) (4)
Re: Access Bank To Publish Names Of Debtors by naijajobx: 5:36pm On May 25, 2019 |
Hmmm |
Re: Access Bank To Publish Names Of Debtors by 9gerian: 5:58pm On May 25, 2019 |
I’m equally curious as to why the extreme measures are so crucial shortly after the acquisition/ merger with diamond bank.... OkoyeA1: |
Re: Access Bank To Publish Names Of Debtors by somehow: 6:02pm On May 25, 2019 |
OkoyeA1:inherited debts from diamond bank acquisition 1 Like |
Re: Access Bank To Publish Names Of Debtors by Olatara(f): 6:04pm On May 25, 2019 |
FhukaFhuka:If you think Union Bank will go bankrupt then you are a learner 1 Like 1 Share |
Re: Access Bank To Publish Names Of Debtors by Bbbwings: 6:06pm On May 25, 2019 |
Make I go move my funds from this bank. |
Re: Access Bank To Publish Names Of Debtors by ajayiopy: 6:12pm On May 25, 2019 |
Ravon:THIS IS SIGN OF A DISTRESS BANK |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 7:39pm On May 25, 2019 |
BUSHHUNTER: Did you miss the part that said "in line with the directive from the CBN"? Abegi go pay up in the next two weeks o (even if it means taking another loan) or you will be dragged on Nairaland. > |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 7:42pm On May 25, 2019 |
mrLhanray: Bros, sadly most of us know from personal experience that "average" Nigerians do not repay loans either - and have no shame as well! > |
Re: Access Bank To Publish Names Of Debtors by dahdah: 7:47pm On May 25, 2019 |
My account is on debit, won't they publish mine bayi ? |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 7:53pm On May 25, 2019 |
OkoyeA1: ajayiopy: Only in Nigeria is aggressively pursuing debtors deemed a sign of impending bankruptcy or distress... Truth is that many Nigerians have cultivated the culture of "borrowing" money (and not just bank loans, but even from family and friends) with NO intention of ever repaying same. It was clear when Access Bank acquired Diamond Bank, it would aggressively pursue the latter's debtors. Sadly, though, even this may not work - because (unlike in our parents' and grandparents' era when a "good" name was as good as capital itself) frankly many Nigerians have NO shame! SMH > |
Re: Access Bank To Publish Names Of Debtors by MrMcJay(m): 8:59pm On May 25, 2019 |
9jaRealist: Does a directive from the CBN waive off the duty of confidentiality placed on Access by virtue of the banker-customer relationship? Was it the CBN that placed the duty of confidentiality on banks or it's enshrined in the law? By the time debtors start suing Access for billions of Naira even more than their outstanding obligations, Access would know better. |
Re: Access Bank To Publish Names Of Debtors by Cherrybae(f): 9:25pm On May 25, 2019 |
All you will see in the list is okafor chinedu Ugochukwu chika Maduka na this region people borrow pass. They owe as if there is no tomorrow. Publish the names and shame them please. Tufiakwa |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 9:36pm On May 25, 2019 |
MrMcJay: Of course, it does... Not sure where you got your law degree from, but even pupil lawyers are aware that a bank's duty of confidentiality towards its customers is NOT absolute! And one exception to the duty is disclosure required/mandated by extant laws and/or regulations. The CBN is the primary regulator of banks recognized by law. The CBN grants each bank the license to operate in Nigeria, and part of that licensing mandates banks to act in accordance with the various directives and regulations of the CBN, as issued from time to time. > |
Re: Access Bank To Publish Names Of Debtors by MrMcJay(m): 10:09pm On May 25, 2019 |
9jaRealist: I would ignore the pejorative intent of the second paragraph, it shows your frustration and shame at having to cook up an argument that you inherently know is unintelligent. Every right has its limitations and Banker-customer relationships just like Attorney-client relationships are not exceptions. However, the exceptions are stated by the law and not the CBN. The CBN act and the BOFIA doesn't give the CBN the legal right to create this exception. Assuming it was a case of fraud or criminal matter, it's a different thing. But this is a civil matter and I expect you to know better. FYI, I took a 1st-generation bank up on a related matter relating to unauthorised disclosures to a third party and they ended up apologising profusely There was a time the EFCC towed this same unintelligent line of reasoning by including Law firms in its SCUML exercise, the Supreme Court held otherwise. Banks can unofficially and surreptitiously blacklist debtors using Credit Bureau and similar platforms but to post this one out, forget it There is no existing SC judgment on this matter and the day it gets to that level, the CBN and the guys in the banks would be damned to listen opinions like yours. |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 10:58pm On May 25, 2019 |
MrMcJay: You can personally insult me all you want (I have no interest in joining you in that gutter, because I was raised better)... But I reaffirm that, while I am not sure of the quality of your legal education (if any), the positions that you take are at odds with extant law. The CBN Act and BOFIA are NOT the only sources of law affecting the conduct or business of banking in Nigeria. In addition to several other statutory laws (such as CAMA, ISA, NDIC Act, EFCC Act, AMCON Act, Foreign Exchange Act 1995, Financial Reporting Council Act, etc.), common law also applies. So the notion that everything about the regulation of bank must be specified in the BOFIA or CBN Act is legal malpractice. Nonetheless, even BOFIA itself SPECIFICALLY gives the CBN Governor discretionary powers to issue regulations that give effect to the "object and objectives" of the Act (which of course would include the financial viability and well-being of banks). It is LAW 101 that in general statutes are MACRO in nature, and thus administrative guidelines, rules and regulations are necessary to address MICRO regulatory circumstances. For example, the CBN's guidelines restricting the sale of foreign currency for certain specific imported items (the 41 or 42 items precluded from the official forex window) are NOT specified by the CBN Act, BOFIA or any other statute, but rather through guidelines issued by the CBN attendant to its power to manage exchange rates. Consequently, when legal doctrine and/or precedent (either pursuant to statutory or common law) refers to the "compelled by law" exemption, it by definition includes regulatory directives/circulars. > |
Re: Access Bank To Publish Names Of Debtors by 9jaRealist: 11:11pm On May 25, 2019 |
MrMcJay: Btw, in August 2015, ALL Nigerian banks published a list of debtors in national newspapers pursuant to a CBN directive. > |
Re: Access Bank To Publish Names Of Debtors by biridon(m): 2:16am On May 26, 2019 |
OkoyeA1: when someone without sense comments on a post... |
Re: Access Bank To Publish Names Of Debtors by samuel3818: 2:42am On May 26, 2019 |
9jaRealist: First Bank has been doing same for years. Your points are very valid. 1 Like |
Re: Access Bank To Publish Names Of Debtors by juniorstar(m): 8:49am On May 26, 2019 |
With the use of BVN,...no escape route. |
Re: Access Bank To Publish Names Of Debtors by mrLhanray(m): 2:29pm On May 26, 2019 |
9jaRealist:yea that's true, no more conscience from anybody |
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