Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), has said loan defaulters will be stopped from enjoying luxurious lifestyles.
He said this on his visit to the Dangote refinery and fertilizer project in Lagos on Saturday. He said the bulk of the loan in the Asset Management Corporation of Nigeria (AMCON) were owed by Nigerians.
Emefiele said Nigerian banks were willing to support Nigerian businesses but they must be able to pay back, saying the Central Bank would stop the trend. He added that the bank will seize private jets of debtors.
“In any case, the central bank will not allow you to borrow money and not pay again. The era has gone. You take loan, you will pay. If you don’t pay, we will take your money wherever you are keeping it.
“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,” he said.
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.”