The Managing director of the Bank of Industry, the oldest and largest development finance institution currently operating in Nigeria, Kayode Pitan, has debunked the belief in some quarters that loan applicants need to know someone in the bank before they can obtain a loan. He stated this while speaking at a virtual conference tagged ‘Reset’ organized by the Capstone Church, Lagos, recently.

“You do not need to know anyone or have an insider in BOI; that has never been a condition for getting loans. As long as you have all the required documents in place and you meet all the requirements, the loan will be granted’’ Pitan stated.

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“You do not need to know anyone or have an insider in BOI; that has never been a condition for getting loans. As long as you have all the required documents in place and you meet all the requirements, the loan will be granted’’ Pitan stated.