PUBLICATION OF ADB DEBTORS IN THE NEWSPAPERS

 

NOTICE TO ALL DEFAULTERS

 

Please take notice and notice is hereby served that the Board of Directors of the Agricultural Development Bank (ADB) has given approval for the names of all the bank’s loan defaulters to be published in the News Papers, and in addition to publishing the names of corporate entities, the Bank shall also publish the names with pictures of individuals and directors of such defaulting entities.

This publication shall be the beginning of series of actions the bank intends to take to remind its debtors of their debts and the need to settle their obligations.

You are hereby further notified that the Bank will not hesitate to use all lawful means necessary against defaulters who fail to settle their indebtedness after the said publication.

ADB is however prepared to offer the last chance to any persons willing to present for consideration a workable payment proposal that will result in a negotiated settlement to do so within the next 30 days of the date of this notice, failing which the bank shall be left with no option than to take drastic measures against any defaulters.

 

You may contact the following for further discussions:

 

GENERAL MANAGER, MONITORING AND RECOVERIES         –        0266703437

HEAD, AGRIC LOANS RECOVERY DEPARTMENT                   –         0244369762

HEAD, CORPORATE RECOVERY DEPARTMENT                     –        0202010302

HEAD, RETAIL RECOVERY DEPARTMENT                            –        0208190262

HEAD, LEGAL SUPPORT UNIT                                            –        0501327315

LEGAL OFFICER, LEGAL SUPPORT UNIT                              –        0202552557

 

EMAIL                                       –        MonitoringAndRecoveries@agricbank.com

 

 

You have been advised.

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