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:
