LCCI urges CBN to review discriminatory loan policy

The Lagos Chamber of Commerce and Industry (LCCI), has urged the Central Bank of Nigeria (CBN) to rethink its policy that barred certain businesses and their promoters from obtaining fresh loans from the banks.
Its President, Alhaji Remi Bello, who spoke when he led executives of LCCI on a visit to Origin Group Limited in Lagos over the weekend, said it was inappropriate for the banking sector regulator to criminalise those who approached banks for loans, or credit simply because their businesses had challenges and could not pay on the agreed terms. Continue Reading