Nigeria: House of Representatives Reads Riot Act to BoI Debtors

26 June 2012

The House of Representatives Committee on Industry, chaired by Hon. Mohammed Onawo, has read a riot act to industrialists who are defaulting in their repayment of the Bank of Industry (BoI) loans to pay up or face the full weight of the law.

He made the position of the House on the course of action to be taken against defaulters clear in Lagos, after a three-day assessment of industries that have benefitted from BoI funding.

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