Access Bank To Publish Names Of Debtors

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Access Bank To Publish Names Of DebtorsAccess Bank To Publish Names Of Debtors

Access Bank Plc is set to publish the list of all its delinquent debtors, associated persons, directors and entities. This is in line with the directive from the Central Bank of Nigeria (CBN).

All Access Bank Plc (including former Diamond Bank Plc) debtors are directed to pay up their past due obligations in order to avoid punitive actions being taken against them. The management of the Bank noted that it shall publish its debtors’ names in newspapers in two weeks.

Similarly, in the event that these obligations are not fulfilled, the bank shall take such further actions against such delinquent individuals and companies as it may consider necessary and shall relentlessly pursue full recovery of all its debts.

For incorrigible debtors, who continue to pose a risk to the bank’s system, Access Bank will use all means available and collaborate with colleagues in the industry to ensure that they are excommunicated from the banking system.

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Furthermore, all debtors will be sanctioned by the CBN and banned from participating in the Nigerian Foreign Exchange and Securities Exchange Markets and registered on the Credit Risk Management Systems (CRMS) Bureau as bad debtors making them, their directors and related entities illegible for any credit in the Nigerian Financial Markets.

Read Also:  5 Essential Investment Tips for Millennials

Consequently, Access Bank hereby advise all delinquent debtors to take this publication seriously and ensure that all their debts are settled promptly.

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Access Bank To Publish Names Of DebtorsAccess Bank To Publish Names Of Debtors

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Access Bank To Publish Names Of DebtorsAccess Bank To Publish Names Of Debtors

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