Make I quickly go borrow #10b from FBN so I can make that list

I once talked about Banks beginning aggressive debt recovery. They are looking for #500bn for recapitalization.

mmso:
Recapitalization. Sense don dey come. dey play.

I swear 😁

Debt everywhere, God save us

amebo... wetin u wan carry d names do. lols

Cemsorcems:
Na POS you use snap these pictures!??

jayworld15:
I can see my name. What in God's name! How am I owing 999,000,000,000,000,000,000,000

wait till kuda MFB paste their defaulters list.

To be sincere I was hoping to see my name here . .I have been owing FBN 10k+ since 2022.. Chai... No thanks to losing the job that was used to pay the First advance I took!

I even abandoned the account since then.. Guy you no try at all!

No be my family name be this..waiting them use 2k do?

Starcomm wey don close

Ejiakusmith:
So meaning say the money 🤑 🤑 💰 don go 🤷🤷🙄

if first bank fit locate their address and remaining assets. But i am trying to remember firm that acquire them. they will be the one to pay because during aquisition, a firm will acquire all assets and liabilities

I hope migo will not paste my name

First bank is owing me N7,000 in an account I don't have the pass book again. I don't even have the details but it be traced with my name. I operated the account while I was in Benin City in mid 90s,

Wema bank is owing me 90k. Maryland Branch, Lagos. I don't have the passbook and withdrawal book also.

The defunct People's bank took off with my 90k also
Banks are owing us too.

But I fear NASU, UI chapter for that huge loan.

Ask them to borrow small and medium productive businesses money, they will say no

SmartPolician:
It seems Femi Otedola wants to bring a brutal leadership style to First Bank..

But then, there's nothing wrong with owing a bank. What's actually wrong is defaulting on your repayment plan.

If those loans were performing, we won't be discussing default na. How can you publish the names of your top performing borrowers unless you want to give competitors unnecessary Intel.

who has a link that shows a clearer view of their names

The creator of life forget to add 'paying of debt' inside the mixture wey him use make Nigerians.

8 MPN & EEPNL Employment Agency Ltd 1,617,704,492.53

This one na fraudulent agency...

SS don suffer sha

aikfrank:
I didn't know this was legal until today.

thats what all those terms n conditions forms for

Lol…Shey starrcoms still dey…that loan na confirm bad loan

Why would you lend our so much without collateral??

All the past and present executives should be fined.


By the way all banks do this. They keep approving unrealistic budgets and earn unjustified bonuses. The CBN has not fulfilled its oversight function.

nlfpmod:

I thought one of the reasons for BVN is to catch these kind of debtors?

SmartPolician:
It seems Femi Otedola wants to bring a brutal leadership style to First Bank..

But then, there's nothing wrong with owing a bank. What's actually wrong is defaulting on your repayment plan.

It says delinquent debtor not just debtors, the debts have gone delinquent and are not being serviced

Starcomms?

When a business owes a bank, the bank is in trouble.......😀

But, when an individual owes a bank, that individual is in trouble........😀

Coder2Client:
Before it reaches this stage FBN must given them notice of 1 year.

Is starcomms alive?

If you checked, the real amount being owed (i.e the amount the bank lent to Starcomms) is less than 5 Billion and the rest of the 35 Billion is "Interest".

And that is even after Starcomms might have paid more that the 5 Billions "Servicing" the loan.

If it is me, i am not paying anything again.

EmeeNaka:
AMCON should buy the debts.

with whose money again?have they paid the one they owed bought before?with CBN money this pushing the naira to fall even more?

Origin:
Why would you lend our so much without collateral??

All the past and present executives should be fined.


By the way all banks do this. They keep approving unrealistic budgets and earn unjustified bonuses. The CBN has not fulfilled its oversight function.

you are the only reasonable person on this thread asking the right question,what happened to the collaterals..why can't they liquidate those collaterals and get back depositors money they lent out ... people should note ..banks don't have any money it's me and you money they are lending people out there.

Minimum capital base is 25bn, why would you lend 20bn to one organization?
You’re stressing single obligor rules even if not broken
Check if starcomms has any link to a last or present firsbank Director (all the big loans Infact) and let that Director be on the hook to repay back