TRIBUNE REPORT
A financial expert, Mr Okechukwu Unegbu, has decried the proliferation of “loan sharks” in the Nigerian financial system, describing them as dangerous to the economy.
According to the News Agency of Nigeria (NAN), Unegbu, a past president of the Chattered Institute of Bankers of Nigeria (CIBN), who disclosed this in an interview on Sunday in Abuja, urged the Central Bank of Nigeria (CBN) to empower Microfinance Banks (MfBs) to be more functional in their lending role to small businesses so as to eliminate the menace of loan sharks.
“These loan sharks are dangerous to the economy, and the CBN should do everything to eliminate them.
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