Financial Times FT.com

Nigeria expands its roll-call of big debtors

By Tom Burgis in Lagos

Published: October 15 2009 16:00 | Last updated: October 15 2009 16:00

Nigeria’s central bank has published another list of the country’s biggest debtors, including powerful tycoons and political leaders, as part of its campaign to restore the troubled banking system.

The central bank of Africa’s second biggest economy has bailed out nine of the country’s 24 banks to the tune of nearly $4bn in recent weeks following an audit ordered by Lamido Sanusi, who took over as governor in June.

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