Tag: Non-performing loans

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Ex-AMCON Director: Arik’s N96bn Loan Still Non-Performing

The controversial loan facility extended to Arik Air by the Asset Management Corporation of Nigeria (AMCON) has been declared non-performing despite a total injection...

Weak Judiciary Hampers Recovery of N1.5 Trillion in Bad Loans, Judges Informed

The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion in bad loans, with financial...

CBN Takes Tough Stance on Bad Loans, Orders Directors Resign

The Central Bank of Nigeria (CBN) has ordered bank directors with non-performing insider-related loans to step down immediately. This directive aims to strengthen corporate...

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