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Topic: Senate to Pass Bill to Empower Creditors Banks  (Read 932 times)

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Senate to Pass Bill to Empower Creditors Banks
« on: December 10, 2020, 07:02:04 am »
Senate to Pass Bill to Empower Creditors Banks

BENIN CITY – The Nigerian Senate is nearing passage of a law that will empower creditor banks to track the accounts of loan defaulters by means of the Bank Verification Number (BVN) to recover past and due obligations. The law will also prescribe penalties for breaches and violations of obligations to enhance loan recovery in …
Source: Senate to Pass Bill to Empower Creditors Banks

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