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BREAKING: Loan Defaults Will Now Be Settled With Deposits From Other Banks - Business - Nairaland

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From August 1, Your Loan Defaults Will Be Settled With Funds In Other Banks / CBN's New Policy On Cash Deposits: Nigerians React / #BankWars. Sterling Bank Apologises For Shading Other Banks. (2) (3) (4)

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BREAKING: Loan Defaults Will Now Be Settled With Deposits From Other Banks by donaldeke(m): 3:24pm 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…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...

Continue HERE:

https://www.reporterswall.com/breaking-loan-defaults-will-now-settled-deposits-banks/

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