The
Nigeria Labour Congress (NLC) has expressed approval of the Central Bank of
Nigeria’s (CBN) directive to banks to publish names of debtors, as it says it
would strengthen the economy.
The secretary of the NLC, Peter
Eson-Ozo, made this disclosure known on Wednesday, while speaking to the News Agency of Nigeria (NAN).
He further lauded Nigerian banks for
going ahead to heed the directive of CBN to publish names of the debtors.
He said, “I think the banks have done well by publishing the names of
debtors because it is not good for anyone to borrow money and not pay back; it
endangers the economy.”
The publication of the names of
debtors is coming on the heels of the July 31, 2015 deadline set by the apex
bank for the debtors to pay up.
The debtors are to be blacklisted and
banned from participating in the foreign exchange market, as well as trading in
the Nigerian Government Securities market.
No comments:
Post a Comment