More
    HomeBusinessCBN directs NIRSAL to Recover Over N5b Anchor Borrowers funds

    CBN directs NIRSAL to Recover Over N5b Anchor Borrowers funds

    Published on

    By Tony Tagbo, Abuja 

    The Central Bank of Nigeria (CBN), has directed NIRSAL Micro Finance Bank Limited (NMFB) to recover all non-performing intervention loans granted to beneficiaries under the Anchor Borrowers’ Programme (ABP).

    The Anchor Borrowers’ Programme is a CBN intervention scheme, a single digit Loan, established by the Federal Government in 2015 for the purpose of boosting the agricultural sector of the economy.

    In a statement issued by NMFB in Abuja on Tuesday, the CBN listed the names of Defaulting beneficiaries and directed them 

    ” to offset their indebtedness to NMFB under the said intervention scheme of the CBN”.

    According to the statement, earlier Demand Notices issued by NMFB to the last known addresses of the affected Customers where not compiled with, “hence, this Public Notice serves as the final demand notice”.

    The loan beneficiaries include:

    *SADOLEN INTERWORLD LTD

    N2,050,831,880.50 

    *GUM ARABIC FARMS AND COMMODITIES LTD N1,220,957,105.30 

    *PRIME SYNERGY GLOBAL SOLUTIONS LTD N1,451,720,437.00 

    *ASUJ FOOD PRODUCTION AND PROCESSING LTD N581,416,350.39 

    *SOUVENIRE SEEDS NIGERIA LTD N158,184,197.50 

    *CON INVESTMENT LTD

    N211,605,477.96 

    Latest articles

    Why I used to wear three bras at the same time – Singer Waje

    Nigerian singer Aituaje Vivian Ebele Iruobe, better known by her stage name, Waje, has...

    Kidnappers Demand ₦1 Billion Ransom For Abducted Kwara Church Worshippers

    Gunmen who abducted worshippers during a church service in Kwara State have demanded a...

    FG Says Power Supply To Improve Within Two Weeks

    The Chief Technical Adviser to the Minister of Power, Adebayo Olowoniyi, has said Nigerians...

    CBN Reassures Public on Stability of Union Bank After Court Judgment

    By Hosea Parah, Abuja The Central Bank of Nigeria has reaffirmed the financial stability of...

    More like this

    Why I used to wear three bras at the same time – Singer Waje

    Nigerian singer Aituaje Vivian Ebele Iruobe, better known by her stage name, Waje, has...

    Kidnappers Demand ₦1 Billion Ransom For Abducted Kwara Church Worshippers

    Gunmen who abducted worshippers during a church service in Kwara State have demanded a...

    FG Says Power Supply To Improve Within Two Weeks

    The Chief Technical Adviser to the Minister of Power, Adebayo Olowoniyi, has said Nigerians...