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Banks pull credit lines from hard hit private schools

... as Covid-19 lockdown dries up cash-flows …Proprietors may rethink relationship with lenders

Dayo Ogundipe (not real name) is a private school owner. Before Covid-19 pandemic, his office as an administrator/proprietor of a renowned private school in Lagos was an attraction point for many bankers who jostled for audience to manage the school’s various accounts. Before now, private schools’ bank accounts were lucrative and worth hunting for because…

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