BOU warns on fake lenders
May 06, 2008
THE central bank has caution the public against money lenders and micro-finance institutions that are operating illegally.
By Samuel Balagadde
THE central bank has caution the public against money lenders and micro-finance institutions that are operating illegally.
Anthony Opio, the director for non-banking services, said illegal micro-finance institutions put depositors’ savings at risk.
“The central bank only regulates Micro-finance Deposit-taking Institution but many have continued to operate illegally,†said Opio.
THE central bank has caution the public against money lenders and micro-finance institutions that are operating illegally.
Anthony Opio, the director for non-banking services, said illegal micro-finance institutions put depositors’ savings at risk.
“The central bank only regulates Micro-finance Deposit-taking Institution but many have continued to operate illegally,†said Opio.