NLC Applauds CBN For Exposing Names Of Bank Debtors

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The Nigeria Labour Congress (NLC) has expressed its approval over the Central Bank of Nigeria’s directive, instructing banks to publish names of debtors with immediate effect.

The secretary of the NLC, Peter Eson-Ozo, made this disclosure known on Wednesday, while speaking to the News Agency of Nigeria (NAN).

READ ALSO: Check Out The Nigerian Heavyweight Politicians On The List Of Bank Debtors

He said, “I think the banks have done well by publishing the names of debtors because it is not good for anyone to borrow money and not pay back; it endangers the economy.”

READ ALSO: Dear Nigerians, Here Is Why Your Dormant Account Could Make You A Chronic Bank Debtor

The publication of the names of debtors is coming on the heels of the July 31, 2015 deadline set by the apex bank for the debtors to pay up.

READ ALSONigerian Banks Expose Leading Debtors 

The debtors are to be blacklisted and banned from participating in the foreign exchange market, as well as trading in the Nigerian Government Securities market.

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Datboyjerry

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