Tag: collateral

man evicted from his house after wife used house documents as collateral

Man Evicted from His Home after Wife Used Documents to Collect Loan without His Consent (video)

Hetty

A Nigerian man identified as Ewaoche Benjamin Obe has raised alarm after court officials stormed his home in Abuja to eject him. In a viral video, the man claimed his wife used his property as collateral to collect a loan without his knowledge and sadly, the documents are still in the house. Apparently, the wife […]

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'Why Naira Has Suddenly Become the World's Worst Performing Currency' - Bloomberg

JUST IN ! CBN Bans Use of Foreign Currencies as Collateral for Naira Loans

Hetty

The Central Bank of Nigeria has formally banned all banks in Nigeria from using foreign currencies as collateral for naira loans. The apex bank made this known in a circular uploaded to its website on Monday. It said it had observed the use of FCY by bank customers as collateral for naira loans and, therefore, […]

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‘Take My Wife as Collateral, Give Me Loan,’ – Obi Cubana Reacts to Desperate Offer

Hetty

Socialite and billionaire businessmen, Obinna Iyiegbu, better known as Obi Cubana, has reacted after a yet to be identified man offered his wife as collateral for a loan. The man (unknown) desperately in need of funds, took to the streets of Lagos to seek a loan to build his laundry business, and then offered top […]

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