• Governor Fayose warns teachers against huge bank loans

    Governor Fayose warns teachers against huge bank loans

    Ekiti State Governor Ayodele Fayose has warned teachers against enslaving themselves with huge bank loans which would leave them with little or no salary at the end of each month.

    He expressed regrets that taking so many bank loans at the same time has impoverished many teachers, dampened their morale and affected their service delivery.

    Fayose promised to carry out reforms that would solve the perpetual problem of over-deduction of salary of workers through the biometric payment system introduced to block loopholes […]

  • Some rich Nigerians living on bank loans – Emir of Kano, Sanusi

    Some rich Nigerians living on bank loans – Emir of Kano, Sanusi

    The Emir of Kano, Muhammed Sanusi II, has condemn some Nigerians who showcase wealth , saying some of them live on loans from banks.

    Sanusi, who took to his twitter handle, said, “There are supposedly rich Nigerians who have everything about them financed by bank debts.”

    The tweet reads, “Look at sovereign debt fueling growth. If you take the example of an individual. You happen to know bank MDs and you can make a few phone calls and get loans. You borrow […]