Unity Bank Plc has released the names of One Hundred and Eleven (111) customers
with bad loans who have failed to come forward to make good on
their obligations to the Bank.
This follows the expiration of a two-week grace period
set by the Bank from October 8 to October 22, to all such customers.
This grace period and the warning of the consequences of not
responding to the Bank’s call within the period was widely publicised
using the mass media,
The Immediate fallout of publishing their names includes
an industry-blacklisting of such debtors from further banking transactions
until they attend to the bad debts.
However, several customers heeded the call and
have come forward to either make good their obligations
or to negotiate a re-structuring of the loans.
The full list of debtors is available on www.unitybankng-tsd.com
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