The management of Access Bank Plc has given all its
delinquent debtors two weeks to pay up their due obligations, emphasising that
failure to adhere to this directive would come with severe consequences.
The lender said this warning also goes to debtors of the
defunct Diamond Bank Plc.
Recall that in March 2019, Access Bank and Diamond Bank
officially merged together to become an enlarged banking entity.
In the notice released, the financial institution warned
that if after the two weeks grace period the “incorrigible debtors” fail to
comply with this directive, it would be forced to publish their “names in
newspapers.”
The bank said “all debtors will be sanctioned by the CBN and
banned from participating in the Nigerian Foreign Exchange and Securities
Exchange Markets, and registered on the Credit Risk Management Systems (CRMS)
Bureau as bad debtors making them, their directors and related entities
illegible for any credit in the Nigerian Financial Markets.”
Access Bank said it was determined to take further actions
“against such delinquent individuals and companies as we may consider necessary
and shall relentlessly pursue full recovery of all our debts.”
Below is the full statement signed by the management of Access
Bank Plc.
Please be informed that Access Bank Plc is set to publish
the list of all its delinquent debtors, associated persons, directors and
entities. This is in line with the directive from the Central Bank of Nigeria
(CBN).
All Access Bank Plc (including former Diamond Bank Plc)
debtors are directed to pay up their due obligations in order to avoid punitive
actions being taken against them. Please note that we shall publish out
debtors’ names in newspapers in two weeks.
Similarly, in the event that these obligations are not
fulfilled, we shall take such further actions against such delinquent
individuals and companies as we may consider necessary and shall relentlessly
pursue full recovery of all our debts.
Furthermore, all debtors will be sanctioned by the CBN and
banned from participating in the Nigerian Foreign Exchange and Securities
Exchange Markets, and registered on the Credit Risk Management Systems (CRMS)
Bureau as bad debtors making them, their directors and related entities
illegible for any credit in the Nigerian Financial Markets.
For incorrigible debtors, who continue to pose a risk to our
system, we will use all means available and collaborate with our colleagues in
the industry to ensure that they are excommunicated from the banking system.
Consequently, we hereby advise all out delinquent debtors to
take this publication seriously and ensure that all debts are settled promptly.
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