Central Bank of Nigeria and other banks have set August 1st as the day to publish identities of serial debtors to the financial industry.
While speaking in Abuja, CBN Director of Banking Supervision, Mrs. Tokunbo Martins who briefed journalists alongside some banks chief executives after meetings with the Bankers’ Committee, said despite the non-performing loan portfolios, the financial system remained stable.
She said “The total credit is about N13 trillion. About three per cent of that is non performing and August 1, 2015, is the deadline publishing the list of debtors.”
Group Managing Director/Chief Executive of UBA, Mr. Philips Oduoza as also added that June 30 is the final deadline for compliance with the Bank Verification Number enrolment as customers who haven’t enrolled will be denied banking services.
He said “If you have enrolled in a bank, you don’t need another enrolment in other banks where you have accounts. You just supply the number to the other banks. If you don’t enroll, it is possible you won’t have credit, your internet services will be shut down and you won’t have access to foreign exchange.”
Oduoza added that 12.5 million customers had so far been captured in the on-going exercise and many more were expected to obtain their numbers before the deadline.
Source: The Herald