Panic Grips High Society As Banks Prepare To Publish List Of Chronic Debtors There is panic in high society

And the reason for this quite clear..banks are set to publish the names of their debtors!.

The last time such a development came to…a lot of reputations ended up tainted and others in tatters.

It is this fear ruined image that is creating panic as financial institution prepares to hit town with a list of 1600 names.

This development comes with backing from the Central Bank societynowng.com learnt.

While some have limited cause to fear as partaker in big time commerce to requires huge credit facilities, quite a chunk live a life of flamboyance shuffling loans – borrowing from bank to bank.

According to reports monitored on punch the lists of those tagged ‘chronic debtors’ hit town this week.

This development comes after 3 months of grace which ended on Saturday July 31 2015.

Over 18 deposit money banks and discount houses are involved in the looming disclosures national newspaper punch disclosed.

The damning revelations would be publish in national newspapers across the country societynowng.com learnt.