Posted on Tue 28 Nov 2017, 07:30 AM

50 banks closed down between 1994 and 2011 because of loans taken by their directors, the Nigerian Deposit Insurance Corporation has said

Director of bank examination department, Adedayo Adeleke, made this known at a workshop for business editors and financial correspondents in Kano.

Mr. Adeleke, who spoke on the topic: ‘Curtailing the Growth of Non-performing Loans in Banks’, said regulators are worried about the increasing rate of non-performing loans in the banking sector.

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