Diamond Bank publicly apologizes to Hon. Abike Dabiri-Erewa

The bank apologized in two dailies today for erroneously including her name as a director in a company owing their bank.

DEBTORS LIST: Abike Dabiri Slams N500m Suit On Diamond Bank

Former House of Representatives member Abike Dabiri-Erewa, today slammed a N500m libel suit on Diamond Bank Plc for maliciously publishing her name as one of the bank’s debtors on Punch Newspaper which came out on Monday. 

Dabiri said as a well known politician the said publication has subjected her to public opprobrium, ridicule and embarrassment of monumental proportion. 

Before now, Mrs Erewa had mandated her lawyer to forward a letter to the bank for a retraction but after refusing to comply with her demands, she had no choice than to sue them.

CBN, Banks Set August 1 To Publish Serial Debtors’ List

The Central Bank of Nigeria (CBN) and Deposit Money Banks (DMBs) in the country on Thursday resolved to publish the identities of all serial debtors to the financial industry by August 1, 2015.

It is estimated that three per cent of total industry credit of about N13 trillion is bad debt.

Speaking in Abuja, CBN Director of Banking Supervision, Mrs. Tokunbo Martins, who briefed journalists alongside some banks chief executives after the regular meetings of the Bankers’ Committee, said despite the significant non performing loan portfolios, the financial system remained stable. 

She said: