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Nairaland Forum / Nairaland / General / Business / CBN Grants Banks’ Approval To Debit Loan Defaulters (17899 Views)
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CBN Grants Banks’ Approval To Debit Loan Defaulters by dre11(m): 9:46am On Oct 05, 2019 |
By Chris Agabi Read more: https://www.dailytrust.com.ng/cbn-grants-banks-approval-to-debit-loan-defaulters.html 3 Likes 1 Share
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Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by hisexcellency34: 11:46am On Oct 05, 2019 |
Economy can't improve with Emefiele in charge as Governor of Central Bank. The man knows nothing like his oga at the top 19 Likes
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Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by davodyguy: 11:47am On Oct 05, 2019 |
This is very wrong. Yes, its to fight NPL, but all loans should be collateralized at the same amount borrowed. Hence, when there's a default, the collateral can be foreclosed. This is why we have legal mortgage 7 Likes |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by NLSavage: 11:47am On Oct 05, 2019 |
Things Fall Apart - Chinua Achebe 3 Likes |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by TooMuchStuff: 11:48am On Oct 05, 2019 |
Central Mafia Bank of Nigeria It's another one from BuhariApC....! 2 Likes 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Nobody: 11:48am On Oct 05, 2019 |
Hmmm Nawa oo Which kain policy be this nau? I always knew that this BVN stuff is anti-business. It is not to secure funds but to further impoverish the people. A link connecting multiple accounts together. It has always got me thinking Now the Govt started with the 2% charge on bank transactions above 500 thousand. Then this, a broad daylight robbery! So what if I default and the little cash in my other a account is what I am using to source for funds and upkeep. Then by the time the bank takes all the money left with me. Then the reason I obtained the loan is destroyed and the bank's interest is still there. Is that not Instant and Quick One way to Bankruptcy Modified: A lot of things is wrong with this country. But then if you cant help alleviate the problems. Then why add to it? Toks cars are gradually becoming unaffordable for the average earner thanks to the closing of borders and imposition of taxes. New cars are dreams, only politicians, super rich and companies can afford it. Now Entrepreneurs cant find solace in bank loans, because with this loan condition The Business is Failed Ab initio (from the beginning) 11 Likes 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Virus99: 11:49am On Oct 05, 2019 |
We need a loan so bad for our tech startup. We already created our web and App. Pls I will appreciate to work with anyone. Or any info about getting a start up loan from banks or Angel investors. Thanks. 5 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by William5432: 11:49am On Oct 05, 2019 |
G |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by DEBJOCH1(m): 11:49am On Oct 05, 2019 |
Good one, second to comment, one day I shall be the first to comment. very happy |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by MiztaYouneek(m): 11:50am On Oct 05, 2019 |
Wait. It seems many members of this forum are uneducated or just lack common sense. Sometimes a lot of comments just doesn't add up to what a post is about and its usually based on condemning anything they read. I think the owner of the site and the moderators should do a better job to screen comments that are always based on unnecessary ranting. Is there any form of development that can happen without a change in certain policies or ways of doing things. If we all stick to that particular way of life we are used to and still complain about it, then there is a change to such policy to bring development and we still complain then we the masses have a big problem being that we hardly spend time to think about the positive aspect of any new development but quickly rush to exhibit our ignorance by condemning it. If we continue in this matter and line of thinking then I will be forced to say that we all deserve an iron hand government like this government of PMB who pushes whatever they deem fit to bring a positive development without having to listen to what the masses say because the masses say a lot of trash sometimes out of ignorance. 37 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Nobody: 11:50am On Oct 05, 2019 |
I see 1 Like 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by jeffizy(m): 11:50am On Oct 05, 2019 |
This is not in the interest of the populace. 1 Like |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by alan056: 11:51am On Oct 05, 2019 |
These people are really encouraging Nigerians to stop banking 5 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by baratech: 11:51am On Oct 05, 2019 |
Chai |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by feldido(m): 11:51am On Oct 05, 2019 |
Very good decision... How can you be owing Bank A and decide to do business with Bank B and later borrow from them to continue the cycle. I blame the banks to some extent, They feel these Rich men are more credit worthy than SME's who need these loans to survive. 27 Likes 3 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by OLisaMacaulay(m): 11:51am On Oct 05, 2019 |
I borrowed from palm credit I have not paid ooh, hope they will not touch my life saving 17 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Sirseedorf(m): 11:52am On Oct 05, 2019 |
Nice decision, no leave no transfer . 2 Likes |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Archangels2(m): 11:52am On Oct 05, 2019 |
Good 1 Like 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by bmcariyo(m): 11:56am On Oct 05, 2019 |
Thumbs up for CBN, Alot of loan defaulter who has money in others bank gbege don dey ..Thumbs up for CBN 16 Likes 3 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Sirseedorf(m): 11:57am On Oct 05, 2019 |
So bank will be deducting defaulters money like a doctor removing pregnancy abi. Am not part of the defaulter, so the defaultee and the defaulter should there solve problems. CBN I hail o 2 Likes
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Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by mercyviv(f): 11:57am On Oct 05, 2019 |
hisexcellency34:Try to remove him from office and see another wave of secessionists agitation by our fellow compatriots from the SE, hinging it on marginalization, lopsidedness in appointments, victimization of a certain tribe and its people etc Meanwhile... Are you a teacher? Get FREE access to the best compilation of school lesson notes/plans, curriculum and exams. Visit my signature for details... 2 Likes 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Stillthebest: 11:57am On Oct 05, 2019 |
Virus99: What's your tech/focusing on? 1 Like |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by aybabz101: 11:57am On Oct 05, 2019 |
A good one from the CBN. I passionately believe that an average Nigerian is a corrupt individual regardless of his or her status. Most of these customers come to Bank A to seek credit advances and loans; Bank A agrees and approve the credit facility. They will then move both the loan and their savings to Bank B and neglect Bank A thereby increasing Bank A's NPL's. Now, no such thing; with the aid of BVN and NIBSS they must repay their loans regardless of the bank they put their monies in 9ja. No more audio money...... 16 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Alexgeneration(m): 11:59am On Oct 05, 2019 |
I thought these loans comes with collateral? Or are the banks issuing loans without collateral? 1 Like |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Mutemenot(m): 11:59am On Oct 05, 2019 |
The CBN also approved that the clause permitting the banks to apply this measure should be part of loan agreements to all customers. Good measure but with the above clause, the the current defaulters won't be affected . Our banks needs more legal strength to enable them give loan easily, cos most banks are afriad of bad loans 4 Likes |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by desmond2pk: 12:00pm On Oct 05, 2019 |
I dont know why someone would have issue with this. This is a good development. 7 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by wemimsy(m): 12:01pm On Oct 05, 2019 |
OLisaMacaulay: Na people like you dem dey find.... 7 Likes 2 Shares |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by genkins(m): 12:01pm On Oct 05, 2019 |
Virus99: Where is your location? 1 Like 1 Share |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by Nickymichy(m): 12:01pm On Oct 05, 2019 |
Gud one but trust Nigerians... Dem go still fine way to hide their cheese... |
Re: CBN Grants Banks’ Approval To Debit Loan Defaulters by lapazi(m): 12:02pm On Oct 05, 2019 |
davodyguy: I don’t entire agree with you. Liquidating collaterals can be difficult, it is a long and tiring process and most times the banks don’t get value for it. This is a good way to go. Why be indebted to a bank and have enough money to pay such loan in a different bank? This initiative will eventually drive down interest rates, the banks will lend more. And business/sme pple will take loan repayment more serious. 16 Likes 3 Shares |
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