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Monthly Archives November 2022

Making GSI available to every lender would be the CBN’s smartest decision

The biggest mistake CBN has made, despite its commendable and spirited efforts to get credit into the hands of every Nigerian, was to lock out non-CBN licensed lenders from accessing the global standing instruction (GSI) to recover loans. GSI is one of the most powerful and currently impotent tools ever created by CBN to support […]

Posted 24 November 2022 † dejiolowe § Piscalux ‡ Comments (1) °

Is proof of funds a fraud?

The proof of funds loans has allowed over 100,000 Nigerians to travel abroad for schools or immigration without having the funds demanded by the embassies. This is a fraud but even then, what are the implications for Nigerians?

Posted 18 November 2022 † dejiolowe § Career § Nigeria ‡ Comments (0) ° Tagged: , , , , , , ,