"We’ll Seize Private Jets Belonging To Loan Defaulters" – CBN

Central Bank of Nigeria Governor , Godwin Emefiele, has said the private jets belonging to loan defaulters would be seized .

Emefiele, who spoke on Saturday during a visit to the Dangote refinery and fertiliser project site in Lagos , said the chunk of the loans in the Asset Management Corporation of Nigeria was being owed by Nigerians .

He said Nigerian banks were willing to support entrepreneurs in the country “but they need credible people that can come in and borrow money and pay ”.

He said: 

“In any case , the central bank will not allow you to borrow money and not pay again . The era has gone . Now , when you take a loan , you will pay . If you don ’t pay , we will take your money wherever you keep it.

“If you are driving private jets, we will seize the private jets so that you can begin to ride on bicycles . Then we will know you are truly a liquidated person.”

Emefiele, who commended the President , Dangote Group , Aliko Dangote, for the projects, said the CBN would continue to support entrepreneurs willing to “come out and contemplate projects where people can be gainfully employed ” .

He said: 

“Today , there are 34 ,000 people working in this facility; in the next two months , it will double to almost 65 ,000 to 70 ,000 people in this complex .

“That is how a country creates prosperity , and that is why we are coming out boldly that we will support anybody . And we will put in place policies that will protect and make sure that for coming out to develop our economy , grow agriculture , manufacturing and industry , and the central bank rakes in dollars to fund our obligations, we will appreciate them and we will continue to do so".