NEXIM Bank Secures ₦10.2 Billion And $3.25 Million In Loan Recovery Drive

Mr. Abba Bello, Managing Director/Chief Executive of the Nigerian Export-Import Bank (NEXIM), stated that the implementation of aggressive debt recovery and proactive loan measures increased recoveries from N200 million in December 2016 to N10.2 billion and $3.25 million between January 2017 and February 2022. The MD also stated that the loan recovery drive had resulted in the seizure of assets worth around N7 billion, which are currently for sale. He stated that efforts to clean up the balance sheet, as well as improvements in risk management techniques, had resulted in new loans granted in 2018 performing 100% of the time, […]