Senate okays bill to blacklist loan defaulters  

The Senate on Tuesday considered a bill seeking to improve credit repayment culture, reduce non-performing loans in the banking sector, streamline loan recovery watch-list consistent loan defaulters with the view to track and blacklist them. The bill which scaled second reading was referred by the Deputy Senate President, Ovie Omo-Agege, who presided over plenary, to the Committee on Banking, Insurance and Other Financial Institutions for further legislative work. Sponsor of the piece of legislation, Senator Mohammed Sani Musa (APC – Niger East), in his lead debate noted that “the core…