Nigeria: FMBM to Prosecute Debtors of Mortgage Institutions

23 September 2009

Lagos — THE FEDERAL Mortgage Bank of Nigeria (FMBN) would soon pursue legal actions against bad debtors of mortgage financial institutions, just as it has recovered N2 billion non-performing facilities.

The list of the debtors of its non-performing loans contains names of popular past political office holders, politicians, businessmen and religious leaders.

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