EFCC to debtors: Repay or go to jail – Daily Trust
August 20, 2009 by Bunmi Awolusi
Debtors of the five ailing banks have six days from today to organize repayments or risk arrest, prosecution and seizure of their assets, the Economic and Financial Crimes Commission (EFCC) said yesterday.
“We already have the list of the five banks’ debtors with us in EFCC and they have just one week to bring in their cheques or drafts to us or we begin their arrest and prosecution as well as confiscation of their assets,” EFCC chairman Farida Waziri told newsmen in Lagos yesterday.
The Central Bank of Nigeria on Tuesday published the names of over 200 people and organisations owing Oceanic, Finbank, Intercontinental, Union and Afribank over N746 billion non-performing loans. On the list were companies belonging to top operators of the nation’s stock market and the oil industry, bankers, government agencies as well as well-connected billionaire businessmen.
