Monday, 18 July 2016

Banks threaten to name & shame debtors

Major Banks in Nigeria today took to the print media to try and get some of the people who owe them money to pay it back.

In adverts published in national newspapers it describes them as "delinquent debtors" and threatens to publish their names if the money is not forthcoming.

The Central Bank of Nigeria reckons that the commercial banks are owed around $2bn, and in the past the government has had to take over some banks because of the extent of the bad loans.

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