Last updated: 26 august, 2009 - 04:20 GMT

Nigeria

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Nigeria's anti-corruption agency will today start going after debtors of the five troubled banks brought into the spotlight this month by the country's central bank.

The Economic and Financial Crimes Commission (EFCC) had issued a 7 day deadline for defaulting debtors to pay their outstanding loans or face arrest, prosecution and the possible seizure of their assets.

According to a list published by the central bank defaulting customers owe nearly $5 billion.

Network Africa's Fidelis Mbah is in Lagos and he filed this report.

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