By Akin Oladeji –Johnbrowne Asset Management Corporation of Nigeria (AMCON) was established to resolve bad loan problems created by banks in Nigeria. The creation of AMCON was a political necessity to avert systemic credit crisis in the financial markets. In an ideal world, a borrower would be expected to keep to his promise of repayment of loan taken from a lender based on the terms agreed. However, this has never been true even in most advanced economies, hence the need for Loan Risk Management (LRM). In Nigeria, bad loan is…
Read MoreNew Thinking For Loan Risk Management By Nigerian Banks
