The Students Loan Trust Fund (SLTF) says it has published the first batch of names and photographs of some defaulting borrowers in the ‘Daily Graphic’ newspaper.
The move follows an earlier publication warning defaulters to repay their loans or contact the Fund to agree on payment terms.
The Head of Public Relations at the SLTF, George Ferguson Laing, said that the publication of names and pictures is in accordance with the Students Loan Trust Fund Act, 2011, Act 820 Section 26 (1-7).
“In the coming days and weeks, we will be publishing more names and pictures, after which we will start prosecuting defaulters,” he said.
According to the Recovery Manager of the Fund, Mr. Justice Wiafe Sarkodie, when borrowers refuse to repay loans, the sustainability of the Fund is threatened, hence the decision of Management of the Fund to aggressively pursue defaulters.
He appealed to borrowers to pay up so that other citizens can also benefit from the assistance.
Data from the SLTF reveals that some 55,000 borrowers are currently expected to be repaying their loans, 35,000 of whom are doing so, with 20,000 not paying.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Do not rely solely on foreign investments for your operations, business told
3 mins -
Boeing strike ends as workers accept new contract
45 mins -
GAF will not relent in its quest to counter external threats – GOC Southern Command
49 mins -
Election 2024: Bawumia reiterates commitment to promote sustainable mining practices
50 mins -
Ensign Global College promotes health and community well-being at Ngmayem Festival 2024
52 mins -
Bobrisky reveals reason for leaving Nigeria
1 hour -
Tiwa Savage discloses ‘craziest thing I’ve ever done for love’
2 hours -
US states worried about election unrest take security precautions
2 hours -
Modi condemns violence after Canada temple incident
2 hours -
Barcelona hit by new flood as rescuers search Valencia basement car park
2 hours -
Labadi Beach Hotel pays over GH¢16m as dividend to SSNIT
2 hours -
Elon Musk can keep giving $1m to voters, judge rules
3 hours -
Election must not divide us, government will protect each citizen – Akufo Addo
3 hours -
Novel way to beat dengue: Deaf mosquitoes stop having sex
3 hours -
Trial begins over beheading of teacher who showed Prophet Muhammed cartoon
3 hours