Abuja - All fraudulent bank debtors are to be blacklisted and blocked from obtaining further access to bank loans.
The initiative would see the apex bank circulating their names in the banking system to guide banks in identifying bad borrowers and denying them access to credits, reports The Sun.
To ensure actualization of this, the apex bank would implement stringent loan provisions and penalties for banks that lend to blacklisted persons and companies.
Read more at The Sun.
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