Banks Plan Blacklist of Chronic Debtors To create ‘Black Book,’ share details among financial institutions
Obinna Chima Tough times await chronic bank debtors as chief executive officers of financial institutions have resolved to
create and maintain what they term a ‘Black Book’ for the compilation of details of loan defaulters that will be shared among all their organisations. They also agreed to blacklist
such high-profile debtors. The Body of Banks’ CEOs, as the group is known, announced this decision in a communique titled: “Review of Harassment and
Criminalisation of Banks’ CEOs by Law Enforcement Agencies Based on Allegations by Bank Debtors,” a copy of which was obtained by THISDAY yesterday.
In addition, the meeting resolved that all banks must formally commit to collaborating with one another with a view to sharing details of chronic debtors and refusing
them access to further financial services until they settle their indebtedness They also resolved to engage Continued on page 8
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