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 CBN to publish names of blacklisted serial borrowers soon

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PostSubject: CBN to publish names of blacklisted serial borrowers soon   2014-06-18, 11:42

FOLLOWING the zero tolerance approach the Central Bank of Nigeria (CBN) is adopting to check the activities of serial and fraudulent borrowers, the apex bank will soon publish names of such blacklisted borrowers, with a view to preventing them from accessing loans from any Nigerian bank again.
CBN’s Director of Banking Supervision, Mrs Tokunbo Martins, disclosed this on Tuesday, at a press confrence held shortly after the conclusion of the Bankers’ Committee meeting, held at the corporate headquarters of the CBN, in Abuja.
At the press conference, which was jointly addressed by the Group Managing Director of UBA, Mr Phillip Oduoza; the Managing Director of GTB, Mr Segun Agbaje and the Managing Director of FCMB, Mr Ladi Balogun, Mrs Martins said the apex bank had reduced the threshhold of bank debtors to be blacklisted from N5 million downwards, with a view to capturing more serial borrowers.
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