Nigeria: Stakeholders Rally Behind CBN's Push to Tighten Noose On Bank Loan Defaulters

27 August 2019

Tougher days await habitual defaulters of bank loans as stakeholders in the banking industry have backed the moves by the Central Bank of Nigeria (CBN) and the Bankers' Committee to tighten the noose on chronic debtors.

The stakeholders yesterday in Lagos, endorsed the CBN and the Bankers' Committee's plan to create a credit risk clause for consumer lending, which is aimed at making it difficult for habitual loan defaulters to operate.

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