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Showing posts with label loan requests. Show all posts
Showing posts with label loan requests. Show all posts

Monday, August 10, 2015

Cash crunch: Banks reject senators’ loan requests


Following the cash crunch in Nigeria right now, banks have rejected some senators’ requests for loans. Nigerian Senators are yet to receive salaries since their inauguration on June 9, all they have received is N6m housing loan, which many of them said was not enough to get decent accommodation in Abuja.

Some of the senators, who spoke with Punch said because of non-payment of their salaries, they were forced to apply for loans from banks but the banks refused to give them, citing economic difficulties the Nigerian government is facing.