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Shelter Afrique issues profit warning as bad loans grow

Shelter Afrique acting managing director Femi Adewole during a media briefing at the firm's offices on February 21, 2017 PHOTO | DIANA NGILA | NMG

By  HERBLING DAVID

Mortgage lender Shelter Afrique has issued a profit warning attributed to increased provisions for bad loans.

This comes after a forensic audit confirmed allegations of creative accounting and subprime lending at the financier.

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