| ABDUL-WAHEED TUNDE MUSTAPHA - 4/26/2010 |
| The public should be adequately educated on credit administration |
| STEVE ERAGA - 4/1/2010 |
| Bankers are simply learning from the mistakes of the past.However,I think that bankers today are becoming non-productively cautious. Pls, I need to know the exam schedule for April Diet Exam. Thanks. |
| PRINCELY ESOSA AIGBEKAEN - 3/21/2010 |
| Nigerian Banks do not have any PROBLEM (MONEY) in giving out loans to it's customers. The difficulties is in recovering the loans. While it has realized that COLLATERAL as the main cannon for lending is no longer adequate for lending,independent Credit rating agencies are needed to assist Bank's in rating potential customers for credit facility. |
| OLUMUYIWA ABIODUN - 3/19/2010 |
| Well that is true presently due to the recent circumstances that has put most banks on their toes now (bad loans and irrecovable loans)and the hunt by cbn. please those anyone know when this april diet exam is, it looks as if they have move the date |
| OLUWATOSIN PEACE AKINYELURE - 3/19/2010 |
| Akinyelure oluwatosin The cooperate brand strategies of banking industries are weak. |
| LAWALI BELLO - 3/7/2010 |
| With the current situation in the economy accessing loan will not be easy, but it all depends on the type of loan and ability of the customer to meet specified requirements. |
| MICHAEL AGBAFOR - 3/6/2010 |
| In my own opinion, it is not difficult to get loans from Nigerian banks. What is difficult is getting genue borrower who has integrity and the willingness to paid back the loan availed them. What do you expect the Nigerian banks to do when a potential borrower walks into the bank and presents his request for credit facility without providing the necessarily documents and adequate collateral to cover the exposure of the banks for the loan. The Nigerian borrowers consider the depositors'funds with the banks as national cake which must be shared to all and sundry.The Nigerian banks had been hit hard in the past by this cankerworm called "LOANS" and I believe they are simply trying to play safe. |
| OLUMUYIWA POPOOLA - 3/4/2010 |
| Loan...is a most scarry word in the banking industry nowadays.That word has cost so much that its brought uncertainty to our Jobs.Many Bnak are in shabble now because they fail to manage that word very well.The Banks,Govt and the People needs to be informed well abt it.May be after the Industry is stable again..May be we can reconsider Loan. |
| RUFINA-AJALIE NGOZIKA IFEYINWA DUMBIRI - 3/3/2010 |
| This is very true.Bank's demands could be very high,'They' never tell you everything until you are stuck, then the interest rate! But it is d price we as a nation have to pay for having no records!because if we had our own citizen ID no,then a Bank can give loans without fear of people disappearing into thin air. Though they may have more request than they can haddle at times. However, they will avail to those that have collateral for the higher sum which may later become bad,but in all you will get what you want if you are able to provide all the necessary documentation. Thank you. |
| KASARACHI CHARLES - 3/3/2010 |
| the truth of the whole matter is that most of our banks today are still suffering from financial setbacks. so based on this, they can't give out loan any how |
| AZUKA CHRISTOPHER MBUBA - 2/26/2010 |
| Experience has shown that the men behind some bankable proposals have very serious character issues, wwhich is very key in lending. |
| PATRICK MOBOLAJI ADESIYAN - 2/19/2010 |
| I got stalked while trying to Register online for April 2010 examinations. The first page contained the exempted subjects and each time i tried to move on to the next page to select the appropriate subjects i should write the system kept on prompting me back with this 'you must register for at least one course.' Kindly resolve this challenge. |
| ADEPOJU ASAOLU - 2/16/2010 |
| Getting customers to pay back what is given them in terms of loans and Advances is like passing a carmel through the needle eye. The bottomline is that loans apprear to be the easisest to sell financial product and the hardest to recover. Nigeria has to build her credit culture! |
| BOLUWAJI ADEKOYA AKINSIPE - 2/13/2010 |
| Most Nigerian credit customer lack character which is one of the cardinal of credit, hence lending in such environment is difficult. |
| NURUDEEN ODUNAYO OLOWOGABA - 2/12/2010 |
| the situation in the economics is so difficult that even financial institution were uncomfortable to give loan to te member of the public |
| CHIBUZOR JEROME CHUKWU - 2/2/2010 |
| Agreed that it has not been easy securing loans from banks but we should not forget that loans are not free money as some people sees it.Hence banks shy away bcos of peoples insincerity. |
| BABATUNDE PETER AKINTUNDE - 1/30/2010 |
| INTEREST RATE AND INFLATION ARE PART OF THE FACTOR THAT ALSO AFFECT LOAN,BECAUSE UNLESS THESE RATE ARE STABLE THE CURRENCY OF OUR COUNTRY CAN NEVER BE STABLE AND THIS AS A NEGATIVE IMPACT ON OUR ECONOMY,BUT BANK'S CAN ALSO PUT INTO CONSIDERATION CANNOES OF GOOD LENDING AS A MEASURMEMT. |
| LATEEF ADESANYA ASHENUGA - 1/12/2010 |
| I don't think this is the case when it comes to granting loans in nigeria, the connected ones are those that have access to loans in this country of ours.CIBN should please come to our aid. |
| ALHAJI IBRAHIM IMAM - 1/7/2010 |
| but i think reverse is the case now since interest rate is on the high side |
| ABIODUN EZEKIEL ADEGOKE - 1/7/2010 |
| due lending standards has to be followed, if we dont want, what happend in the US to happend here. |
| BABATUNDE ABIONA BABATUNDE SAMSON - 1/6/2010 |
| It's Greed.The banks deprive geniune people Loans and grant loans to those that will give them some percentage.This customers fly to dubai,buy properties and the loan finally goes bad. while innocent people suffer for recovery.what is the essence of the S.M.E (small and medium enterprise) they are all going into. |
| AUWAL GAMBO YA'U - 12/11/2009 |
| Who we need in the Banking industry are professionals who are concious of ethics and have fear of God.SLS is a blessing to Nigerians. |
| KASIMU SHEHU - 12/1/2009 |
| Integrity is key; both on the part of the customers and the credit appraisers/administrators. Most customers divert these funds for other purposes different from which it was approved for, while appraisers/administrators, somtimes, don't carry out their job professionally therby creating lapses from day one. |
| THOMAS MBARE OGBIDI - 11/22/2009 |
| I think the whole episode is centred around sound and professional ethical practices which should be at the finger tips of every banker who knows his onus. THOMAS OGBIDI |
| ROTIMI BABATUNDE SOGBESAN - 11/17/2009 |
| It is now we are practising true banking in Nigeria, because of what our present CBN Governor is doing in the industry,most especially the commercial banking aspect of the industry.We urge Mr.Sanusi Lamido Sanusi to come to the Microfinance banks for thorough auditing of their financial books to know the those among them that will contribute to the growth of the economy.SOGBESAN ROTIMI BABATUNDE |
| IBRAHIM OLAYIWOLA AZEEZ - 11/6/2009 |
| It is both two sides as it affects the borrower and lender. The borrower must make sure that, the funds are utilized for the purpose of disbursement while the lender in monitoring disbursement should ensure judicious utilization. If these procedures are observed strictly, the issues of bad loans or doubt when approving credit facilities shall be eradicated. |
| BABATUNDE BAMIDELE FALAYI - 11/4/2009 |
| CUSTOMERS ARE NOT SINCERE,THE AVERAGE NIGERIAN DOES NOT HAVE THE INTENTION OF PAYING BACK.TRUST IS A MAJOR ANCHOR POINT IN GRANTING A LOAN FACILITY BEFORE LOOKING AT COLLATERAL. BSQUARE |
| BELLO ADAMU - 10/23/2009 |
| It is just terrible for both the Banks and the Customers. None is really sincere, the customer is willing to do all he can to get money out of the banks while the banks are also willing to do all they can to deceive the customer to shore up his turnover before he could access loans but the reality is that the banks already knows that such customers may NEVER get anything in the name loan knowing his status and capability from the onset. May God Deliver us all, amen! |
| AFOLAKE OLUSOLA ODUKOYA - 10/22/2009 |
| The conditions to be met by the customers are to stringent. more often the packaging takes so much time to complete. This can be frustrating at times |
| JOHN OYEWUNMI OYEWUSI - 10/22/2009 |
| The banking is design to assist it's customer not some special customer. the banks now have special package for special customer forgeting that the packages they claim to have are own by those customers who thay see as not been special and that is one reason why the country is not settled because money market they say is the intermediation of fund which consist of moving money from the surplus sector to the deficit side but reverse is the case here in nigeria. so i tink the banks sholud redesign their product to enhance giving credit to those that have the character to pay and not some so called special customer |
| OYETUNJI ADEBAMBO KUFORIJI - 10/19/2009 |
| my experience as a control officer who reviews credit has been such that customers in desperation to get this facility agree to terrible terms, conditions or how do you explain taking management fees at % flat of principal amount on a monthly basis however on the flip side i suggest customer should get adviser to help package their loan request properly (the issue may be that of proper communication and channel of loan request) to ensure a "win win" situation for both customer and the bank. |
| SEGUN TUNDE JOSEPH ANISERE - 10/14/2009 |
| the truth is that, terms and condition use in granting loan in nigeria is base on the general atitude of people, i mean people are not trust because of unemagineable atitude that will emerge after granting the loan. that is more reason it more difficult for the common individual to get loan. i will suggested that if banks can define a new system for granting loan to individuals in conjuction with the government so as to reduce the risk only on the banks. |
| DICKSON C.T. ONYEKWENA - 10/6/2009 |
| Nigeria banks prefer giving loan to foreigners business instead of their counterparts,the reason is not clear to me.It may have to do with complex. Some of these foreigners later defrauded the Banks and ran back to where they came from, in most cases not their country of origin. |
| JOEL JEGEDE - 10/3/2009 |
| I beleive all business relationships have inherent risks- in the case of loans, there is the risk of default, putting the giver in jeopardy! So I find it imperative for the giving bank to follow due process, to do the due dilligence, before taking the risk of giving their depositors' funds to a borrower, the success of the business of whom is not guaranteed. That is why banks can be stingy sometimes at giving loans. Its rather unfortunate sometimes that many organisations, either because of laxity in risk management, or because of too much unguided interest on the spread (income)of such facilities, or because of powerful influences, the due processes are not followed. Consequently, many of such loans go bad! Its not all about profit all the time. What of survival? Due process should be taken when it comes to facilities such as loans. |
| AUGUSTINE UTOMI - 9/18/2009 |
| i dont know the key to succes but the key to failure is trying to please every one |
| IBRAHIM ALHASSAN - 9/17/2009 |
| The rate of poverty in the country is so high that an average Nigerian can not aford to save anything out of his/her income not even talk of presenting anything to the bank as a colateral for loan processing. |
| OLUWAKAYODE ELIJAH OLAGOKE - 9/17/2009 |
| I do not think is all that difficult. Just that one need to meet the basic requirment from the bank which many Nigerians think are too strong form them to meet. But we should also remember that bank must protect itself and the credit officer must protect his or her job. |
| OLUWASEUN KAYODE - 9/12/2009 |
| an average nigerian has a wrong perception about loans from banks. they see banks as lender of last resort, after all their alternative efforts have failed.most dont have the habit of banking,so banks are careful before giving out their loans because of the risk of default in payment. |
| TEMIDAYO AWE - 9/11/2009 |
| Apart from the fact that people dont follow the canons and principles of lending,the banks also dont supervise the loans very well. They dont ensure that the loans are been used for the purpose for which it is granted.And i discovered that banks dont give loan to the less priviledge that are in need of it. They rather give it to the famous rich men in the country that spend the money on their extravagant life style instead of fruitfull purpose. The banks should also charge an affordable interest on their loans. If all this issue among ohers are being addressed,then getting loan in Nigeria banks would be easier than a camel passing through the eye of a needle. |
| VICTOR, ONYEBUCHI AJALLA - 9/8/2009 |
| We need not deceive ourselves...even the person(s) that came up with this topic new the truth and on that note i don't think is worth discussing on because loan in Nigeria is not mean for the poor even with adequate requirement(s). |
| DAUDA AFOLABI - 9/5/2009 |
| The $1 million question about granting loan to bank's customers is 'HOW MANY BANK'S CUSTOMERS ARE ABLE TO MEET LOAN REQUIREMENTS?' Definitely a very small number. i believe this answers all..... |
| PIUS UGOH - 9/1/2009 |
| (Canada) Good Morning, In Nigeria situation where we don't have a national electronic credit rating system, the "five C's of Lending" should apply to every loan applicant. These "five C's" are Character, Capacity, Conditions, Capital and Collateral. In order to make a good decision based on the "Five C's of lendinbg", banks cannot and should not loan money to strangers regardless of what people say. You only loan money to those you know. For a bank to know a loan applicant very well, tt is not too much of a requirement to required at least two years of good business relationship with the bank before loan can be granted to the applicant. If you need a laon from a bank, maintain at least two years of good credit rating with the bank. It is as simple as that. Thanks PIUS UGOH, Chief Compliance Officer UNITY MORTGAGE CORPORATION, TORONTO. CANADA TEL: 905-896-6402 or 647-280-5027 |
| CHIDOZIEM ABIAHU - 8/31/2009 |
| I THINK WE SHOULD BE TALKING ABOUT ETHICAL BANKING PRACTICES NOW- THE VERY CORE OF PROFESSIONAL OVER-SIGHT. |
| ABDULLAHI BULAMA - 8/29/2009 |
| If you have met all laid down procedures.i dont think its a big deal |
| KENNEDY DIKEN EHIANU - 8/28/2009 |
| It is as if most businessman do not know what it takes to finance a project with credit facility from banks. Most of them do not do their business analysis well before borrowing money from banks.At the end of the day they find it difficult. |
| OLUWASHOLA OGUNLEYE - 8/26/2009 |
| People just"SUDDENLY" wake up to realize they need loans. They forget that no reasonable man would borrow money to a stranger. You need to have started doing business with a bank for at least 12months before you can even get near getting a loan notwithstanding the number of documents you present."You don't learn to walk before crawling." |
| ABIODUN SANGOBIYI - 8/26/2009 |
| A painful truth from experience is that majority of those who apply for and are given the loan do not follow through on their repayment process. Continuous disbursment of loan while existing ones are not been repaid leads to undue risk exposure. There is a limit to which any bank can be exposed. However if existing credits are run appropriately, like someone said, the 'loan chanelling will flow'. |
| ABISOYE ADEDEJI - 8/24/2009 |
| the banking industry is getting better;the banks are now learning from their past mistakes of granting loan to "just any" customer. Some of the problem is irrecovable loan. the institute need to rise up to the responsibility of restoring the confidence of the general public in the banking industry.We all have work to do to re-brand and re-parkage the industry. |
| IJEOMA DORIS NNADUM - 8/23/2009 |
| Banks are more intrested in giving loans to people that hve made it or name rather than building up people |
| CALLISTER OLUCHI OKOLO - 8/21/2009 |
| AN AVERAGE NIGERIAN WOULD NOT WANT TO GO THRU THE BANKS RIQUIRMENT,THE TRUTH IS THAT THOSE MONEY IN THE BANK THOSE NOT BELONG TO THE BANK. THUS THE BANKS ARE MORE INTRESTED IN UR REPAYMENT THAN IN UR COLLATARAL |
| SHUAIBU KANTAMA ALHASSAN - 8/21/2009 |
| Getting loan from Bank mostly some do not undergo the necessary procedure require and liquidation as well .sometime it depends on who you know from big man to big man.At the end of the day liquidating the Loan will become a problem.A strong policy have to be adapted and comply with in respect of granting and liquidation. |
| ADEWALE ABAYOMI ISHOLA - 8/20/2009 |
| Securing a loan in Nigerian banks of today should not be a problem provided you are in line with the conditions precedents to drawdown. |
| GABRIEL OKOH OTU - 8/20/2009 |
| i think the recent issue on the 5 banks non performing loan is a good example |
| BABATUNDE SAMUEL - 8/18/2009 |
| the loan issue has brokendown the integrty of reputble banks now.... |
| CHUKWUEMEKA JEROME AGWU - 8/13/2009 |
| Recent recapitalization process made banks to require enough deposits from individuals instead of giving out facilities to customers.For the fact that loan is another means of making profit,banks ensures customer credebilty to service a debt,befor the can issue a loan. |
| OLALEKAN AILERU - 8/12/2009 |
| We all know that the basic work of a banker is lending.The more they give,the more they get by way of income,As much as banks push for good profits,they should be careful not to create bad loans for themselves.Be that as it may,when a customer meets the mnimum risk acceptance criteria he's sure of accessing loan from his bankers |
| ROSELYN UKEH - 8/12/2009 |
| This is because they lack the real knowledge of what getting loan from bank is all about.To me, if the underlying principles are met, facilities can be granted. Because it also one of the key functions of commercial banks. "Mobilizing funds from Surplus unit and transfering same to the Deficit unit". |
| OLIVER CHUKWUEMEKA EGBEONU - 8/11/2009 |
| The most important thing i feel about getting loan from the bank is all about meeting the basic criteria otherwise called bank policy on the loan.however, most customers pay through the nose just to get loan from the bank and this has resulted to fund diversion which is the major risk of default. |
| KABIR SHITTU - 8/11/2009 |
| Loan has to be justify before it can be given,the justification has to be in terms of purpose,repayment and adherence to terms and conditions.Once these are well established,the bank will give loan. |
| LATEEF ADEOLA EMIOLA - 7/31/2009 |
| Loan is very easy to get as long as you meet the requirements of the 5Cs.If you are not qualified, it is better you don't apply for you not to be disappointed. |
| EKE AWA - 7/27/2009 |
| In "accrual concept" of accounting,income is recognized when earned and not received and expense is recognised when incurred and not paid. This impacts negatively on the performance of banks,as they see most loans from which income was earlier recognized turn to be deliquent!! Bank should be prudent in giving out loans and try as early as possible in making sufficient provisons for bad and doubtful loans. |
| OLUKUNLE OLOYEDE JOSEPH - 7/25/2009 |
| Requirements are attached to getting/obtaining loan from a bank, meet the requirements, you get the loan with ease. |
| NNANNA AGHA - 7/23/2009 |
| The fact is that many people have forgotten the basic canones that guides lending (ie The Five Cs)and they thinks the moment you approach the bank with your sweet stories you will immediately get loan without the bank carrying out due deligency as required by the Apex bank. Again, Nigerians likes sharp sharp things. |
| BARTHOLOMEW OLARENWAJU ADEWUSI - 7/22/2009 |
| OVERDRAFT FACILITY WILL BE AVAILABLE TO BORROWER OF FUNDS WHOSE COLLATERAL IS TO BE SEEN AT PAR WITH THE BANKS EXPOSURE.CETERI-PARIBUS. |
| APUU AVOM - 7/22/2009 |
| it is not true , provided the source of payment is known and well established. It is very easy to obtain loan in the nigeria banking industry |
| IDRIS KADIRI - 7/22/2009 |
| The truth is that you have to know your customer(kyc) very well and understand his/her business. |
| AYOTUNDE OMOTOSHO - 7/22/2009 |
| the market really lacks information integrity,so both the customers and banks are so careful. |
| ADEWOYE OLUGBEMI - 7/21/2009 |
| I have a dream that one day our banks will rise up and live out the true meaning of its creed: |
| EMMANUEL OLAWUYI - 7/21/2009 |
| Banks intemediate and the funds traded on belong to a category of customers termed depositors. Even regulators set limits making reference to deposits held by banks. That is to show the importance of deposits held by banks. Loans giving out to a set of customers are deposit made by others and should be done conservatively. Banks give out loans as far as you can fulfill the conditions.The |
| BABA MUKTAR USMAN - 7/21/2009 |
| Really its not easy getting a loan from banks,this is because both sides,i mean the cutomer and the bank are conciuos of what it means to secure a loan and ability to pay back is always not easy,i think this is why its somehow difficult to get a loan from banks. |
| GLADYS CHIDINMA REUBEN-UKAFOR - 7/20/2009 |
| this is assumption,if you provide the neccessary documents/requirment to collect loan,it is very easy to get loan in nigeria banks. |
| BENJAMIN, CHUKWUNONSO OBI - 7/20/2009 |
| most customers in commercial banks in nigeria do not know procedures of collecting loan.bankers should learn how to educate their customers on issue of loan,because is still a way of maximasing banks profit. |
| MATTHEW ADEWOLE - 7/19/2009 |
| Most loan went bad because repayment of such loans have become an heculian task for such borrowers.Character in the 3c's of lending is subjective because most loan seeking customers act deceptive when in need of such loan.Banks are expose,hence caution.Depositors fund must be protected,it must be provided upon demand by such depositors.The financial institutions need be careful on how such funds are exposed. |
| OLUFEMI OLUSOLA - 7/18/2009 |
| OLUSOLA,OLUFEMI. Getting loans and advancs from banks are said to be relatively difficult, Yes ! this is the fact that most officers(Marketers) given the tasks do not have proper credit knowledge bcos they are just pushed to the dept without good or prior trainnig, secondly, the set of staff in risk mgt have their strict mandates couple with the poor collateral state of customers seeking loans. On the average, however, some bank gives loans if the customers have good sources of income/repayments. Above all, every units shuold have enough professionals to work in order to have good outcome. Loans are easy provided they package and presented properly. |
| OPEYEMI SUNDAY NANA - 7/16/2009 |
| From what i've obaserve, it has to do with how a loan is structured.The structure of a loan has a lot to do with wheather it will be approved or not. This has a lot to do with the fact that most who find themself in bank and subsequently in marketing lack proper knowledge of credit.There is a direct relationship between the facility type, tenor of a loan and repayment plan.This must corrolate with the cash flow of the obligor. There is a difference between an advance, an overdraft and a term loan.All serves different purposes, have diffrent tenor and repayment plan.A credit must be structured in line with the cash flow of the customer. This is necessary in other for the loan not to go bad. For example a school should not apply for an overdraft,whose repayment is tied to school fees which is collected on termly bases. What the school need is an advance.Also someone who needs a loan to build a house, and the repayment is tied to proceeds from sales of the property does not need an advance but a term loan. I have never seen a good loan that was not approved.That is why we need to embrace proffesionalism in our bank. |
| TIWALOLA OLABISI AWOSANMI - 7/14/2009 |
| I dont believe that getting loans in Nigerian bank is as difficulit as people think, we only need to re-circle our selves to the cannos of Lending 1.e character and repayment is key, when this is settled, loan channell will flow. |
| CHARLES UMOH - 7/9/2009 |
| The Nigerian Banks still serve as a medium of financing major projects in the country. The difficulty in assessing theses loans are as aresult of risk assessmesnt carried out by professionals. I still believe in BANKS. |
| ADEROGBA OLADIRAN ADEWUSI - 7/9/2009 |
| What do you expect in a country where most people do not have what it takes to pay back. Nigerian banks actually want to give loans because that is the way to create deposits, but what can they do when the expeorience from the loans already given will not allow them to do so. Many Nigerians have been seen to default when it comes to paying back what they owe. If Nigerians can improve in character, then I think the credit situation will improve too. |
| SOMTOCHUKWU OKERULU - 7/9/2009 |
| Nigerian banks do not pose as obstacles to the masses accessing credit facilities,our banks do not just engage in sub-prime lending.Credit facilities have to be secured and collatarised,this also attributes to the fact that most Nigerian banks have not yet started engaging in full retail banking activivites for the masses. |
| OLUWAFISAYO OLABODE ALUKO - 7/7/2009 |
| It is difficult geting loan in most Nigerian banks because of the cost of fund which is relatively high. |
| GBENGA OMOTOYINBO - 7/7/2009 |
| I BELIEVE WE NEED TO SEE TO OUR FINANCIAL REGULATORY BODY. THIS ISSUE OF "LOAN" AFFECT VIRTUALLY ALL THE DEVELOPED NATIONS, BECOS OF IT MULTIPLIER EFFECT ON THE NATION. IF AN APPLICANT CAN SHOW A REASONABLE FEASIBILITY STUDY WITH THE BANK ASSESSMENT...I BELIEVE BANK LOAN SHOULD BE RISK FREE. IM NOT YET A BANKER MIND U..... |
| OBOHMEIRE HILLARY IGENOZA - 7/6/2009 |
| loans are still inaccessible to the poor since they often than not,lack collateral. |
| SHEHU ABDULKADIR ALABI - 6/27/2009 |
| The problem with the Nigerian banking system is that they are scared to introduce the islamic banking system which is the solution to the problem of our economy.ALABI SHEHU ABDULKADIR |
| VICTOR ABAH - 6/26/2009 |
| Loan!Loan!!Loan!!! For how long will an average Nigerian keep living and depending on loans. Is like we ve forgotten that the rate of unemployment and adverse effects of the economic melt down in the white man's world is more pronounced than here in Niger. just becos of the credit kind of life they are living. Lets talk straight and forge ahead |
| GODDEY CHUKS AGHAUNOR - 6/24/2009 |
| Nigeria Banks are learning from history. So many banks died in the 80s and 90s as a result of defaulters. So many people believe that taking loan in a bank is part of national cake. Nigerians must change their orientation to credit facilities. There must be the willingness to pay back. If customers are ready to pay back their loans the bank will be liquid enough to extend the facilities to others. Let us remember that this money belong to depositors who can demand for their money at any time. |
| DAVID, OLUWATOSIN OYEWOLE - 6/23/2009 |
| The rate of default is becoming highly embarassing each day and accounts officers have always been at the receiving end. management is bent on recovery and this has made some banks officials to work for months without pay while customers personalized the officers as not being considerate. Hence, every officer is being careful before presenting loan request to management. Nigerian banking public are not being fair in meeting their repayment obligation to their bankers. |
| OLAYINKA OLUWADARE OLAWORE - 6/23/2009 |
| The hostility of banks to give loans to customers boils down to what i call the "NAIJA FACTOR" most banks try as much to minimise to the barest minimum the risk of loan recovery as they intend to loan out huge sums and definately "LOWER CADRE" exempted.Suggested option for this class is microfinance banks. |
| SEYI AYOBAMI AYENI - 6/23/2009 |
| I think it all has to do with the global economic crisis. Banks are trying to play safe. |
| NURUDEEN ADEBAYO AKINSANYA - 6/22/2009 |
| The nigerian banks are making loans not aceessible to the banking public. |
| BALARABE TALLEH - 6/15/2009 |
| I THINK IS HIGH TIME FOR NIGERIA BANKS TO TEAM AGAINST THE FRAUD STARS,TO WORK OUT MODALITIES TO CONTROL ELECTRONICS BANKING FRAUD, IS REALLY AFFECTING THE CITIZENS.THANK YOU. |
| RAFIU ADESHINA YINUSA - 6/13/2009 |
| Bank gives loan to those customers that have genuine businesses and are able to meet the conditionalities. Adeshina Rafiu Yinusa N79333 |
| FRANCIS IKENNA IHEJIRIKA - 6/10/2009 |
| The fact remains that before one goes for a loan, there must be a pre-determined aim of seeking the loan. Therefore, if one has a viable project that will be able to liquidate the loan, pay the cost as well as leave something reasonable for the borrower , then go ahead no matter what it will cost. IHEJIRIKA FRANCIS IKENNA REG. NO. N81347(08068780429) |
| BRIGHT ODIANOSE OBOBHASE - 6/8/2009 |
| Banking is all about mobilizing deposit from surplus sector and give out to deficit sector. Hence, necessary requirements to ensure repayment, which most borrowers don't have. |
| OLUWASESAN OLASUNKANMI AWOLEYE - 5/25/2009 |
| The present situation in the finacisl industry, in which almost all the banks in Nigeria are requesting their employees for fund mobilization, at this time of recession. This notwithstanding is sending a negative signal to the stakeholder. As employees are faced with threat of losing their job from the management |
| ALIYU ABDULMALIK. AHMAD - 5/19/2009 |
| I feel and believe it is okay for due process to be observed before funding a person through loan. Here in the north a lot of bank funds through loans and advances are being used to finance marriages; and in the south, to foot the bills for burials. All these instances are absolute abuse of the rationale behind such loans. |
| AYOOLA WALIY ALAKA - 5/19/2009 |
| i'm indifferent |
| OLAMIDE JAMES OLOTU - 5/18/2009 |
| Getting loan in a Niageria Bank of late considers only one (1) out of the Cs of lending and that is CONNECTION. |
| BENEDICTA TOYIN WIGGLE - 5/11/2009 |
| 05/11/2009 WIGGLE BENEDICTA. banks make money from giving loans.surely,they will give loans.more often than not, the problem here is the packaging,monitoring and conflict of interest(insider)talking about unethical acts.u can tell a loan that will go bad right from the start. professionalism is the word. |
| MUTIU NIYI ADERIBIGBE - 4/25/2009 |
| The mindset of average nigerian need to be changed.people believes that loan from banks is national cake of which every tom,dick ang harry is entitled to,not knowing that it is deposit from the public. |
| OLATUNDE KEHINDE AIYEGORO - 3/29/2009 |
| So many thngs re necessary to be considered b4 a loan can b considered . Two whch include,the debit service ratio(DSR) as wel as CMR,crdit management report. There is a limit 2 d pecent of one's income one kan have acces to n there need 2 check if d said customer doesnt ve anoda loan running elsewhere! |
| ABAYOMI A. OLUKAYODE - 3/23/2009 |
| Cannon of lending in credit appraisal has become obsolete bearing in mind character that is the most important is no longer effective as clients have failed to moderate their characters to that of acceptable norm |
| OJONIMI OKPANACHI - 3/5/2009 |
| People pretend to be as harmless as doves when they apply for a loan. As soon as it gets disbursed, they do not mind if they default. in the case of loans against salaries, many customers withdraw their funds, not minding loan repayments at the end of the month, posing a difficult situation to the bank |
| ENI OKWARA AMOGU - 3/4/2009 |
| The simple reason people don't get loans in Nigeria is because the average Nigerian has a dubious character which is not helped in any way by an inefficient regulatory system and poor or near absence of central credits data base. Banks become like bees making honeys and waiting reluctantly for whoever wants to get at their honey loans to come and get stinged, even the few Nigerians that still have character and a name to protect. |
| ABDULLAHI ALABA YUSUF - 2/26/2009 |
| yes. it is a statement of fact and the banks should not be blamed for this. nigeria banks are product of the society. banks are not father xmas but managers of peoples' resources. our society lacks honesty, integrity, financial discipline, conventional courts still handling financial disputes hence prolonged and protracted court adjournments etc. if all these amongst others are addressed, definitely the banking sector will be more accessible for loans @ advances. |
| IBRAHIM ANISHE HASSAN - 2/18/2009 |
| Our financial institutions are not doing enough to educate the investing public on the basic requirements for getting loans and advances from the bank. This area needs to be addressed. Also, honesty and integrity of the investing public still neeeds to be improved upon. People gets loans to finance a business transaction but most often than not, these loans are diverted to organise funeral ceremonies, birthday parties etc. This accounts for why some loans go bad. |
| OLUWABUNMI AFOLABI-TURNER - 2/17/2009 |
| Poor credit appraisal and credit administration contribute to bad loan while improper enlightenment on the part of the Finance institutions to the customers makes facility to be what is not... |
| MORUFF ADEDEJI ALAMUTU - 2/16/2009 |
| Why should we have non performing loan in the first place, what is the essence of credit analysis, i think is to carry out the proper credit appraisal of the would be borrower.The issue of collateral is also involved, because the perfection of the tendered security would have been carried out before any draw down could be allowed.I thinks bank are not been sincere in carrying out their appraisal and that is why cases of non performing loan has boomerang. ALAMUTU MORUFF. |
| OLASEHINDE PATRICK DANIELS - 2/13/2009 |
| Banks grant loan but due deligence must be properly observed to ensure that such loan does not go bad. |
| Audu Yakubu Akagwu - 2/12/2009 |
| I think the real issue is lack of understanding of banks' requirement by the customers. Banks should organise customers' forum to educate them on how to obtain loans from banks. If the customers are brought to the position that they can appreciate how to apply and obtain loans, the industry would be the better for it. |
| KENNETH ONYEKACHI NWANKPA - 2/12/2009 |
| The essence of consolidation is for Banks [NIGERIAN]to facilitate transactional flow by way of granting credit to small and medium scale enterprises and not the micro finance Banks along but this is not feasible after possesing over 25b capital base,what can we say with a system that is not encouraging growth and development. |
| NWACHUKWU UZODINMA OBIANYO - 2/2/2009 |
| business magt is scientific. a good business plan is guaranteed to susceed. the problem is that the skill to craft a good feasibility study is still lacking in the country. the industry also needs to improve in this area. |
| Joseph Ezechukwu - 1/29/2009 |
| the issue is not that Nigerian banks do not lend, but most people & entities do no have the required criteria considered by banks befor lending.eg.keeping all necessary books of account, having operated thier a/c regulary for over 6 months,presentation of cash flow statement for defined periode.t.c. Above all the the borrower must possess the 3C's of lending. character, capital & capacity to pay back. |
| RICHARD OLUWAKAYODE BAMIDELE - 1/14/2009 |
| Well,we must not loose sight of proper loan appraisal and proper monitoring after disbursement.Becos the money we are trying to give out belongs to other people.I think things will change in this country when people believe that money borrowed from banks are not part of the national cake,as such they will have the mind of repayment. |
| TAJUDEEN OLUWAFEMI BOLAJI - 12/30/2008 |
| Many did not know the agony of lending/borrowing money, more so, some the economy is not enabling considering all the affiliated factors,rise in interest rate, rise in exchange rate,family request,human and material resources and a lot more. The bad notion that some borrowed loan with the mind not to repay. |
| oludare gabriel fabiyi - 12/28/2008 |
| Yes, this is because of the perculiarity of Nigerians and as such thorough appraisal must be conducted before despositors' funds are being disbursed to borrowers. What baffles me is the high increase of bad loans. "As professionals, we must constantly be guided that security can only make good loan better but not bad loan good" |
| LANRE OLOKUN - 12/23/2008 |
| The lending requirements are as tough as they are in order to make sure that only credible customers enjoy the credit facility. |
| Michael Nwachinemere Nwachukwu - 12/19/2008 |
| credit policies are chosen based on the trade -off between profitability and the risk of going extinct.Nigerian banks in the past went under mostly because of bad loan portfolios. The higher the risk, the higher the returns. Thus, these days Nigerian banks are treading more cautiously. For banks to survive, they must put in place loan 'huddles' in order to secure their interests and those of their depositors. Loans that pass through a lot of huddles rarely go bad. |
| Kayode OLOFIN - 12/19/2008 |
| source of repament not properly difine and faliure to follow repayment plan makes it difficult for some loans |
| EKUWE CHARLES GABA - 12/15/2008 |
| Dear All, Every organization’s products and services have their unique target market. What most organizations fail to realize is that within these target markets there exist a smaller niche which is more important than the rest of the set? This truth is further revealed in the 10-90 principle. The principle basically reveals that within a specific target market their exists a certain 10% of past, current and prospective clients who are capable of accounting for 90% of your company’s total revenue. On the other hand is the 90% that only generates 10% of your company’s revenue. The question now is: Should these two sets be allocated the same share of resources? I think not. It is evident that an ideal resource allocation method has to be developed and utilized. It is imperative to mention at this point that the 90% client – 10% revenue group must not be treated with condescension as they still form a significant part of a company’s bottom-line. The next question is: How do you identify the 10% client – 90% revenue group? Achieving this is tantamount to finding the pot of gold at the end of the rainbow. |
| AJABWOA MARCELUS NJIJONG - 12/12/2008 |
| A good loan begins from the appraisal and has to be continuosly followed up.A loan that is wrongly or poorly appraised is a bad loan from the first day.Bankers are usually not capable of being able to sought out the components that deal with creative accounts and income smoothening.The banks should apply the corporate governance rules on credits to the letter and the situation will improve.After disbursement then the bank shuold become a "dormant partner" in the bix ie monitoring.Banks must clearly understand the lending modules and their respective mudus operandis ie cash flow,asset conversion and asset protection.This is the key component that must be known from appraisal ,disbursementand the follow up. |
| BUKOLA OLANREWAJU AYENI - 12/10/2008 |
| This main reason why it is so it that loans tend to go bad, that answer to so much scrutiny on loan process. |
| YUSUF OKANLAWON LAWAL - 11/19/2008 |
| Though a banker will want to grant any loan proposal for this is a huge source of income (to bank),but inability of customer to convince banker that his project is bankable and that he (customer) is trustworthy make loan obtainment difficult. |
| OLUMUYIWA STEPHEN AWOLUSI - 11/5/2008 |
| It must however be noted that, loan diversion is what makes it difficult to get loan from nigerian banks. Imagine a customer who gets a facility for business purposes, went away squandered the fund on mundane things, repayment will definitely be very diffcult. |
| JOSHUA ILESANMI - 10/24/2008 |
| Well from experience,the issue of loan diversion and loan repayment is critical,address it and loan chanelling will flow |
| OBIORA SAMUEL OKOYE - 10/20/2008 |
| Agreed that its depositors money that would be lent out, the major issue is the loan administration so that funds given for specific projects should be monitored in order to make sure that if there is need for restucturing it would be done in good time and everyone will be better for it |
| ROY CHIKWEM - 10/19/2008 |
| The situation is the same every place you go. I work for the 4th largest bank in America and we still find it difficult to approve loans. We are just strictly pushing for deposit products only. |