Tags: loan scandal

Loan Scandal: CBN Browbeats Banks As Etisalat Proposes Only 10% Payment Of Bad Loans

The crisis confronting debt-ridden Etisalat, one of Nigeria’s biggest telecom companies, took a disturbing turn yesterday, with the Central Bank of Nigeria (CBN) urging a consortium of banks to which Etisalat is indebted to the tune of over $1.2 billion to stop putting pressure on the telecom company. Two banking sources, including one present at…