Skye Bank Plc has lamented how 130 Nigerian businessmen and corporate organizations have defaulted in the payments of their loans which stand at over N10billion.
In the list, it stated that the unpaid loans include overdraft facilities, Advances, Share Trading Line, Lease Finance, LPO Finance, Contract Finance, Bridge Finance, Invoice Discounting and Term Loans, saying that the outstanding facilities stand at about N10,033,110,736.39.
The bank has published the name of firms involved, ranging from from small-time business executives to renowned business moguls and top politicians in the country.
Apparently, according to the bank, some of the debtors obtained the loans as far back 1999 but continued to default in payment.
Some of the top debtors include a famous firm whose debt profile (a loan obtained in April 2014 to finance Bridge Finance) stands at $687, 319.92; while a supply firm took an LPO facility of $437,115.69 since 2012 and refused to pay.
Skye bank further revealed that it decided to publish a name-and-shame advert to compel the debtors to pay up their overdue loans.
