Nigerian President Umaru Yar'Adua has instructed the country's law enforcement agencies to support efforts to recover bad loans built up at five banks bailed out on Friday by the central bank, his office said on Sunday.
"The president has directed all law enforcement agencies to give their fullest support to efforts by the new management teams of the five banks to recover the huge loans, the non-servicing of which placed the banks at risk of distress," the presidency said in a statement.