THE LEGALITY AND PRACTICABILITY OF THE GUIDELINES ON GLOBAL STANDING INSTRUCTION (GSI): THE CENTRAL BANK OF NIGERIA GOT IT RIGHT.
INTRODUCTION The Central Bank of Nigeria (CBN) approved the implementation of the guidelines on Global Standing Instruction (GSI) to ensure practical debt recovery machinery through the use of which outstanding loans can be legally recovered from defaulters who have refused to offset the debt advanced to them by the crediting banks, long after they have become […]