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By accepting this loan offer and by drawing around the loan, I covenant to repay the loan as and when because of. In the event that I fail to repay the loan as agreed, as well as the loan gets to be delinquent, the bank shall have the best to report the delinquent loan to CBN from the Credit rating Possibility Administration Technique (CRMS) or by every other signifies, and request the CBN to physical exercise its regulatory electrical power to direct all banking companies and other fiscal institutions below its regulatory purview to established-off my indebtedness from any dollars standing to my credit score in any banking account and from almost every other money property they may be holding for my advantage.
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