August 24, 2017

EMEFIELE DECLARES ZERO TOLERANCE ON FRAUDULENT BORROWERS By Nse Anthony-Uko

EMEFIELE DECLARES ZERO TOLERANCE ON FRAUDULENT BORROWERS By Nse Anthony-Uko

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New Central Bank governor Mr Godwin Emefiele yesterday in Abuja unveiled a 10-point agenda for the apex bank and the Nigerian economy during a maiden world press conference. He declared zero tolerance for fraudulent borrowers while ruling out the option of devaluing or depreciating the naira in the near future.

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He also promised to maintain exchange rate stability and strive to build up and maintain a healthy external reserves position and ensure external balance.

Emefiele, who made good his earlier promise to utilize development banking to the benefit of the people, said the apex bank will soon design a programme for Nigerians who need as low as N50,000 without collaterals. Through registered and accredited local cooperatives.

Read more: http://leadership.ng/news/373562/emefiele-declares-zero-tolerance-fraudulent-borrowers

Photo credit: http://cdn.dailypost.ng/wp-content/uploads/2014/02/Godwin-Emefiele.jpg

 

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