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Access Bank not joking with Diamond Bank’s debtors

Access Bank not joking with Diamond Bank’s debtors

The Group Managing Director of Access Bank Plc, Herbert Wigwe, has threatened to go after Diamond Bank’s debtors should they fail to redeem their debts, Nairametrics reports.
Wigwe said Access Bank Plc will not hesitate to publish the names of the debtors if they don’t pay up.
While revealing that the bank has so far recovered N2.2 billion debt in the year under review, the banker maintained that the bank will intensify its efforts to recover the debts owed to Diamond Bank.
Commenting on the rise in unclaimed dividends, Wigwe acknowledged that the increasing figure is worrisome. He, however, stated that the bank is working hard to reduce the figure.
“We will try to map out strategies to reduce the N14.6 billion shareholders’ unclaimed dividend as at the financial year ended December 31, 2018. We are also not happy as the figure keeps increasing, so we want shareholders to come over and pick their dividend. We will work with our registrar to see how to get this figure down.”

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