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Nigerian apex bank releases another lists of debtors

The Central Bank of Nigeria (CBN) has released another l ist of individuals and corporate organisations who have collected loans running into billions of naira from five banks, three of which had their C hief Executive Officers removed last week, after an audit committee report fingered them in poor corporate governance and unethical practices.

The list, published on the apex bank’s website, contained those with non-perform ing loans of 100 million naira and above with Bank PHB Plc, Spring Bank Plc, Unity Bank Plc, Wema Bank Plc ,Unity Bank and Equitorial Trust Bank as at 30 Jun e 2009.

Four of the five banks are being owed about 48.40 billion naira. Bank PHB Plc, f or instance has a total non-performing loans as at 9 October, 2009 of 170.07 billion naira.

A breakdown of the non-performing loans for other banks include: Spring bank Plc (95.59 billion naira), Equitorial Trust bank (46.15 billion naira) and Unity ba n k 36.585 billion naira.

On 14 August 2009, the CBN published the first-ever list of bank debtors in the country in national newspapers, after sacking five of the former CEOâ?s in the first round of auditing. 




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