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Trade Bank PLC Appeals to Obasanjo Over Nafcon Debt.

Asia Africa Intelligence Wire

| December 31, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Vanguard (Nigeria) - AAGM)

Byline: Demola Akinyemi

THE Board of Directors and the Management staff of Trade Bank Plc, have called on President Olusegun Obasanjo to intervene in the huge debt owed it by NAFCON, so as to save the bank from imminent collapse.

Chairman of the board of directors of the bank, Alh Alarape Salman (SAN) who disclosed this during a visit to the kwara state governor, Dr. Bukola Saraki in Ilorin yesterday also named kwara state Polytechnic as one the big debtors of the bank.

The chairman said "we have decided at the board level that we are going to write the CBN governor to follow us to Mr. President to discuss …

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