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Nairaland Forum / Nairaland / General / Properties / Loans: Banks Put Up Chronic Debtors’ Property For Sale (18924 Views)
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Loans: Banks Put Up Chronic Debtors’ Property For Sale by Adesiji77: 11:52am On Aug 08, 2015 |
It's bumper harvest for real estate firms... Some of the Money Deposit Banks in the country have compiled for sale the lists of houses, hotels, filling stations, schools, among other property used as collateral by debtors in a bid to recover their capital. http://www.punchng.com/news/loans-banks-put-up-chronic-debtors-property-for-sale/ lalasticlala 2 Likes 2 Shares |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by kennyman2000(m): 12:01pm On Aug 08, 2015 |
Good one. No time 6 Likes |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by free2ryhme: 12:43pm On Aug 08, 2015 |
People are just heartless..sell those properties fast even their shoe collection and the last kobo in their various wallets.. 3 Likes |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Oyase(m): 12:43pm On Aug 08, 2015 |
Nice one |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by eljanfortis(m): 12:43pm On Aug 08, 2015 |
K |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by free2ryhme: 12:43pm On Aug 08, 2015 |
Adesiji77:It is a lesson to everyone. Do not borrow money. Do not pledge your property for a consumption loan. The bankers who lent you the money make it impossible for you to pay back and will eventually acquire it at give-away price. This has traditionally been the trick of the Jews. 8 Likes 1 Share |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by damiloladuke: 12:44pm On Aug 08, 2015 |
profiting at the expense of others, right meanwhile if you wanna laugh tire today CHECK MY SIGNATURE TO READ MY FUNNY SECRET DIARY 1 Like 1 Share |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by dennismukoro(m): 12:44pm On Aug 08, 2015 |
too expensive beat am down for me 2 Likes |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by HirstMOG(m): 12:45pm On Aug 08, 2015 |
Any filling station at Banana Island, I would love to cash on that |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Nobody: 12:46pm On Aug 08, 2015 |
Some people go buy house with epe on it and wonder why their children are dying one by one after they move in 6 Likes |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by odinese(m): 12:46pm On Aug 08, 2015 |
Nice |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by qualityovenbake(m): 12:46pm On Aug 08, 2015 |
Hmm. What a pity, that's why I don't like collecting loans. 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by philfrey08: 12:46pm On Aug 08, 2015 |
Banks and HBP!.... Let them take it easy b4 they record human casualties. The happiest wealthy persons are those are not owing and are not owed. 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Nobody: 12:46pm On Aug 08, 2015 |
Omo,see opportunity to buy house at ponkulowo e.. 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Nobody: 12:49pm On Aug 08, 2015 |
The banks ought to have done this before publishing the names. Why wait till this time before acting especially for the loans that were well-collaterized? A man is owing you, his business goes bad and he is unable to pay but he has collateral. You now go ahead to publish his name in the papers and still sell the collateral to recover your money. Owing a bank is not a crime especially when you have the willingness to pay and the amount is covered by your collateral. 14 Likes 2 Shares |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Adesiji77: 12:51pm On Aug 08, 2015 |
Yomieluv: I am telling you... |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by laurel03(m): 12:57pm On Aug 08, 2015 |
Fake life and leaving on poor men money 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by shizzy7(f): 12:57pm On Aug 08, 2015 |
GOOD MOVE just as expected 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by MistaHumble(m): 12:58pm On Aug 08, 2015 |
Eyah... |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by joystickextendr: 1:01pm On Aug 08, 2015 |
okay |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by ferhyntorlah(f): 1:02pm On Aug 08, 2015 |
free2ryhme: My dear, will they listen? |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by hadura29(m): 1:05pm On Aug 08, 2015 |
EgunMogaji: Kikikikikiki huahuahuahua Bros the one 'egun' nko? 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by anytexy: 1:05pm On Aug 08, 2015 |
...the needful quickly. |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by adonbilivit: 1:09pm On Aug 08, 2015 |
anytexy:u mean FP? |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by 9jatatafo(m): 1:12pm On Aug 08, 2015 |
I hope they don't develop high BP |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Nobody: 1:12pm On Aug 08, 2015 |
free2ryhme: It's not always possible for these folks to not borrow money from these banks. The problems lie with their borrowing amounts that are clearly difficult to pay back. When it comes to loan recovery, bankers aren't very unemotional and firm. |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by Adesiji77: 1:18pm On Aug 08, 2015 |
free2ryhme: This advice is not practical for businesses. An individual may try very much to avoid borrowing but at some point, a business may need to expand or have cashflow challenges. What is important is having the discipline and the integrity to stick to the proposal and the repayment obligations. More often than not, loan delinquency boils down to diversion of loan proceeds. Though, there are some situations where genuine businessmen may experience failures or be impacted negatively as a result of government policies but the vast majority of deliquent loans are tainted with integrity issues whether internal or external. I don't think there is a Credit unit of any bank in Nigeria that will grant a loan to a customer and still make it impossible to pay back. Agreed, the operating environment is harsh for businesses in Nigeria but there is this general psyche not to pay back loans, whether formal or informal. For instance, how many friends and family have paid back personal loans that you granted them right on schedule, if at all? Cc: 234GT, kennygee 7 Likes 1 Share |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by MrsAnyanwu(f): 1:23pm On Aug 08, 2015 |
EgunMogaji:hahhhhhhaaa, wetin b epe? U ehnn, if I catch u 1 Like |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by anigold(m): 1:39pm On Aug 08, 2015 |
Adesiji77: ok no wahala i dey watch man u game.. I will comment after the match... |
Re: Loans: Banks Put Up Chronic Debtors’ Property For Sale by IGWISE(m): 1:42pm On Aug 08, 2015 |
nice move |
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