Unity Bank Plc on Sunday released the names of 111 customers with bad loans that have failed to make good their obligations to the bank.
This followed the expiry of a two-week grace period given by the bank from October 8 to October 22, to such customers, the bank said in a statement.
“This grace period and the warning of the consequences of not responding to the bank’s call within the period was widely publicised using the mass media,” it said.
According to the bank, the immediate fallout of publishing the names of the customers includes an industry-blacklisting of such debtors from further banking transactions until they attend to the bad debts.
It however added that several customers heeded the call and had come forward to either make good their obligations or negotiate a re-structuring of the loans.
The full list of debtors, which was published on the bank’s website, comprise Bulet International Nig. Limited, Total Steel Limited, Ekiti Kete Mass Transit Co Limited, First Oil Limited, A.B. Radda Petroleum, Chester Investment Limited, Wamus Oil and Gas, Origin Automibile Works Limited, Afriventures Holdings Limited, POD of Diamond Limited and Vince Oil Limited.
