Tag: Loan Recovery
-
CBN begins monthly deduction of project loans from state to recover debt
The Central Bank of Nigeria (CBN) has begun collection of project support loan facilities to some states for the execution of projects under its intervention programmes. The credit facilities were given to some states to finance various projects across different sectors, including agriculture and manufacturing. CBN’s Director of Development Finance, Dr Philip Yila Yusuf made…
-
Beware of this new loan recovery scam
A Criminologist at the University of Ibadan, Dr Oludayo Tade, has alerted the public on a new loan recovery scam reportedly being used in defrauding Nigerians. Tade raised the alarm in a statement entitled: “Loan Recovery Scam: A New Strategy for Fraud”, issued on Sunday in Ibadan. According to him, text messages are being sent…