The Central Bank of Nigeria under the auspices of the Bankers’ Committee has concluded plans to use the Bank Verification Number of customers to blacklist loan defaulters from accessing further loans in the nation’s banking system.
The CBN Governor, Mr. Godwin Emefiele, made the disclosure at the end of a two-day annual retreat of the Bankers’ Committee in Lagos on Sunday.
The annual retreat had in attendance the CBN governor, deputy governors, the chief executive officers of the Deposit Money Banks in the country, the chief executive officers of development finance institutions, and some key stakeholders in the financial services industry.
Also in attendance during the first day of the retreat were some state governors, namely: Governor Akinwunmi Ambode of Lagos State and his counterparts in Kebbi and Jigawa states, Badaru Abubakar and Atiku Bagudu, as well as the…
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