THURSDAY 30TH MAY 2019

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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

Trade Wars, Disruptions Drag Oil Price Down to $69…

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Thursday 30 May, 2019 Vol 24. No 8816. Price: N250

www.thisdaylive.com TR

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Muhammadu Buhari Sworn in for Second Term with High Hopes 29 governors take oath of office in low-key ceremonies 91 world leaders to attend June 12 Democracy Day event

President Muhammadu Buhari… yesterday


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