LOAN DEFAULTERS: CBN Threatens To Clampdown On Private Jet Owners

The Central Bank of Nigeria has declared that private jets belonging to loan defaulters would be seized.

The CBN Governor, Godwin Emefiele, made the declaration on Saturday , during a working visit to Dangote refinery and fertiliser project site in Lagos.

Emefiele, noted that chunk of the loans in the Asset Management Corporation of Nigeria was being owed by Nigerians.

The CBN boss said Nigerian banks were willing to support entrepreneurs in the country adding that the Apex bank will not allow investors to borrow money and not pay back.

“If you are driving private jets, we will seize the private jets so that you can begin to ride on bicycles. Then we will know you are truly a liquidated person.”

“But we need credible people that can come in and borrow money and pay”.

“In any case, the central bank will not allow you to borrow money and not pay again. The era has gone. Now, when you take a loan, you will pay. If you don’t pay, we will take your money wherever you keep it.

Emefiele, who commended the President, Dangote Group, Aliko Dangote, for the projects, said the CBN would continue to support entrepreneurs willing to “come out and contemplate projects where people can be gainfully employed”.

” And we will put in place policies that will protect and make sure that for coming out to develop our economy, grow agriculture, manufacturing and industry, and the central bank rakes in dollars to fund our obligations, we will appreciate them and we will continue to do so.”

He said, “Today, there are 34,000 people working in this facility; in the next two months, it will double to almost 65,000 to 70,000 people in this complex.

“That is how a country creates prosperity, and that is why we are coming out boldly that we will support anybody.