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Nigeria anti-graft police give debtors week to repay

Published 08/19/2009, 10:12 AM
Updated 08/19/2009, 10:24 AM

LAGOS, Aug 19 (Reuters) - Nigeria's anti-corruption police (EFCC) on Wednesday gave defaulting debtors of five bailed-out banks one week to organise repayments or risk arrest, prosecution and the seizure of their assets.

"(The EFCC chairman) has given them one week to bring in their money to the commission or they risk arrest, prosecution and losing their assets all over the country," said Femi Babafemi, spokesman for the Economic and Financial Crimes Commission (EFCC). (For more Reuters Africa coverage and to have your say on the top issues, visit: http://af.reuters.com/ ) (Reporting by Nick Tattersall; Editing by Tume Ahemba/Toby Chopra)

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