Tag: Non-performing loans

NDIC moves to seize assets, freeze accounts as debt recovery drive intensifies

Business Damilola Bayonle -
NDIC steps up debt recovery from failed banks The Nigeria Deposit Insurance Corporation has launched a renewed offensive against chronic...

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

Business Damilola Bayonle -
The controversial loan facility extended to Arik Air by the Asset Management Corporation of Nigeria (AMCON) has been declared...

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

Business Damilola Bayonle -
The Nigerian banking industry has raised alarm over the sluggish judicial process frustrating the recovery of over ₦1.5 trillion...

CBN Takes Tough Stance on Bad Loans, Orders Directors Resign

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