Following a new
directive by the Central Bank of Nigeria CBN, the management of the Bank of
Industry, BOA , has threatened to publish the names of defaulting customers
that have failed to service the loan they owe the bank.
This was contained in
an external memo by management of the bank who noted that the bank will do all
it could including legal measures to recover the loans.
While noting that those
indebted to the bank have between now to December 31st 2016 to pay
up their debts, the memo adds that at the expiration of the grace period the
list of the holders of the non-performing loans would be forwarded to all
banking regulators including the Central Bank of Nigeria CBN, professional
bodies and embassies in Nigeria.
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