The Central Bank of Nigeria has stated that individuals in need of funds don’t need to know anybody to collect loans from banks, and should desist from borrowing from loan sharks.
This was disclosed by the CBN governor, Godwin Emefiele at the first MPC meeting of 2022.
The apex bank governor expressed his displeasure in the way loan sharks handle customers who default.
What the CBN governor is saying
To access a loan for your business, the Central Bank Governor stated that “you don’t need to know anybody, just go into the portal, fill the form, send your data. If your data is correct you would be able to access loans.”
He added, “We have a large number of testimony of people accessing loan cavity without knowing anybody and they have benefited from it”.
The CBN governor cautioned the public saying, “if you go to a loan shark to borrow you would pay two or three times the amount in 90 days. When you refuse to pay they would seize your property; Bicycle or television just to collet N200,000.”
He stated that he can only advise the public to abandon sure informal lending and…
