Abuja, 26 Aug-(ANA)-Nigeria's special fraud police say they are preparing to act against business tycoons who have failed to pay back billions owed to banks.
The move comes with the expiry of a deadline for those owing money to return it to the troubled banks.
The government was forced to rescue five banks and sack their entire leadership teams last week to save the banks from collapse.
Some senior bankers are in custody but two chief executives are on the run.
The pair are wanted in connection to allegations of money laundering, insider trading, capital market manipulation and abuse of credit process.
Controversially, the special fraud office is also hunting down the debtors.
Last week the central bank governor shamed some of the wealthiest people in Africa by naming them for not paying back massive loans.
Anti-fraud officials say some of the money has been returned, but huge amounts remain outstanding. (ANA)
Angola/Lack of Freedom