EFCC recovers N171bn from bank debtors – Daily Trust
November 3, 2009 by Bunmi Awolusi
Debtors nailed by the Central Bank of Nigeria (CBN) for non-performing loans have paid over N171 billion to the Economic and Financial Crimes Commission (EFCC).
Briefing newsmen yesterday in Abuja, EFCC’s Spokesman, Femi Babafemi said the commission has recovered N59.23 billion from Intercontinental Bank’s debtors.
Babafemi gave a breakdown of the remaining figures as, “Bank PHB- N1,210,600,441.63, Afri bank- N33,385,166,949.20, Union Bank- N30,422,996,448.39, Oceanic Bank- N35,480,000,000, Spring Bank- N571,735,947.21 and Finbank- N10,745,170,462.34 totalling N171,045,670,248.”
CBN Governor Sanusi Lamido had sacked the helmsmen of some of the banks over massive non-performing loans which contributed to liquidity problems in the affected banks.
Lamido then injected N600 billion fresh funds into the banks to save them from collapse and called EFCC to pursue their debtors.
