The kebbi Home Saving and Loan Limited has constituted a loan recovery committee to recover loans from its customers.The Acting Managing Director and Chief Executive Officer (CEO) of the bank, Alhaji Abdullahi sa’idu made the disclosure while speaking with journalists in Birnin Kebbi on Thursday.
He said part of the committee’s mandate was to recover loans disbursed to different beneficiaries, adding that the committee would be under his watch.
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He urged the customers to ensure repayment of the loan, adding that, “let them understand that even though the institution is a state owned mortgage bank and financial institution, it has no difference with other financial institutions.
“The institution is regulated by the same regulatory body that regulates financial institutions in Nigeria and at the same time we are all operating in the same market.”
The manager further identified paucity of fund as the bane militating against effective operations of the bank.
(NAN)
