Banks should obtain borrowers’ records from credit bureaus – CBN

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The Central Bank of Nigeria has instructed lending institutions to obtain reports of borrowers from credit bureaus as part of their due diligence in granting loans.

It also said the operations of private credit bureaux would be guided by the provisions of the Credit Reporting Act, 2017 and the National Credit Reporting System Regulation, 2019.

The CBN said all banks and other financial institutions must continue to “Have data exchange agreements with at least two licensed credit bureaux; “Obtain credit reports for quarterly credit reviews on all existing facilities from at least two licensed credit bureaux; It also said banks should update any change in the data submitted to a credit bureau pursuant to relevant provision of the Act, at least on a monthly basis or more frequently, or in accordance with a schedule provided by the credit bureau.

 

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Abeg when una ready sell 9ja.. My share go reach at least 10M,or even more... I need the cash to go take start life for America. I nor dey joke oh

The most useless CBN Governor

Who is in need of A day driver, Errand driver, Personal driver? Maybe you are too tried to drive. Please DM. I need a job so badly. Thank you. And anyone who can help with Uber car for installmentaly payment, am not Lazy 😥🙏🏼. Kindly help me retweet people, someone might help 🙏🏼

Everyday introducing bullshit rule that doesn't help the economy?

Wahala no dey finish

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