KEEPING to its promise to recover as much of its outstanding debt as possible, the management of the Wema Bank Plc on Monday took to the streets of Ado-Ekiti, the Ekiti State capital, sealing off the shops and warehouses of scores of businessmen and women believed to be owing the bank.


The bank team, led by one of its officers in the western zone, caused a stir on major streets and markets in the metropolis of the town as passers-by gathered to witness the exercise. The team, in a convoy of branded Wema Bank cars, moved from the business premises of one debtor to another, demanding for the payment of credit facilities granted them.


The exercise also caused traffic snarl on the major roads of Ajilosun, Oja-Oba and Opopogboro area, among others, where the bank’s debtors were doing their businesses.


Most of the debtors, on sighting the team, took to their heels leaving behind their sales attendants to attend to the team. At a popular cement warehouse at Ajilosun on Ado-Ikere Road, the owner of the warehouse took to his heels on sighting the team, while the salesgirl on duty was taken away and the warehouse locked up by the team.


Speaking with the Nigerian Tribune, a member of the team, who pleaded anonymity, said the action was part of the debt recovery efforts of the bank in the SouthWest, saying that the team would, before the end of the week, visit all debtors across the 16 local government areas of the state to demand for the money owed the bank.

http://www.tribune.com.ng/01092009/news/news3.html

Good. All these borrow borrow no pay big men in Naija go see pepper. Oya, all banks should pursue them. Those who can not redeem their debts should be taken to EFCC guardroom immediately so that those mosquitoes with teeth can celebrate the EMBER Months with gratitude.

We are getting there gradually. Corruption must go!

they should auction their goods and recover as much as they can. this will serve as a deterrant to other crooks

they are buying big cars with our money, build big houses and yet they want poor to remain poor

The day of reckoning is here. O ye borrow- borrow-no-pay rich men, there is no hidding place for you. Pay up now or you face the wrath of the law.

Oju'ole da

see them faces .criminals

jamace:
Good. All these borrow borrow no pay big men in Naija go see pepper. Oya, all banks should pursue them. Those who can not redeem their debts should be taken to EFCC guardroom immediately so that those mosquitoes with teeth can celebrate the EMBER Months with gratitude.

We are getting there gradually. Corruption must go!

The bank has really sunk deeper and deeper into a big mess!

kayusely70:
The bank has really sunk deeper and deeper into a big mess!

I think so too.