The management of NDK Financial Services led by their CEO, Mr Oko-Nikoi Dzani paid a working visit to the Multimedia Group Ltd (MGL), Friday.

The purpose of the visit which was part of activities marking their silver jubilee celebration was to familiarise themselves with the operations and staff of MGL.

He emphasised the importance of establishing a relationship with MGL as a leader in the media fraternity and also to acknowledge their contribution to the progress of his firm in the past while looking forward to more of such in the days ahead.

Addressing issues pertaining to the financial industry in an interview with JOY BUSINESS after the visit, Mr Oko-Nikoi Dzani indicated that the issue of non-performing loans, which is gradually eating deep into operations of commercial banks and other financial institutions, still persists due to delays and poor documentation.

According to him, “Financial institutions receive imperfect and incomplete documents which are submitted to us as if they are genuine documents, customers come for loans with these as security and when there is default the company goes through a hullabaloo trying to foreclose and then you hit a wall because of poor documentation”.

He, however, added that the pre-trial session by the commercial court and extra vigilance on the part of his firm has mitigated the impact of this on their operations.