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Tolon Radio > Blog > BUSINESS > National Investment Bank Issues Final Warning to Loan Defaulters
BUSINESS

National Investment Bank Issues Final Warning to Loan Defaulters

By Tolon Radio April 28, 2025
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By Baba Mohammed Issahak

National Investment Bank PLC (NIB) has issued a final notice to customers with overdue loan balances, urging them to settle their debts by Wednesday, April 30, 2025.

In a statement shared on the Bank’s official Facebook page, NIB management warned that failure to repay outstanding amounts would result in the public disclosure of defaulters’ names, addresses, and photographs in national newspapers.

“The Bank shall subsequently undertake the necessary steps to recover the said debts in whatever manner it deems fit,” the statement said, highlighting the seriousness of the intended actions.

The management of the Bank further appealed to affected customers to comply promptly to avoid public exposure, disgrace, and potential legal action.

According to the management of NIB, the move forms part of broader efforts to recover outstanding debts and strengthen the bank’s financial position.

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