Atiku to settle N111m debt

Former Vice President Atiku Abubakar, whose name appeared on the new list of debtors with nonperforming loans to stressed banks, has expressed his readiness to settle the N111m debt he owed the Spring Bank.

Speaking through a statement issued by his media office in Abuja yesterday, Atiku said the loan collected about 10 years ago was originally N10m, but rose to N111million through generated interest.

The former Vice President also said that the account in question was an “old, dormant account” to which no attention had been paid by his staff.

“I have since resumed talks with the bank on the issue and the matter will be resolved. We will pay the outstanding sum as soon as it is agreed upon,” he said in a statement.

Atiku said he fully supports the on-going reform of the banking sector as part of measures to stimulate economic growth.

He expressed gratitude to his admirers and supporters who had called him since the publication of yesterday.