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

    Yobe council approves N6bn for roads, health, others

    The Yobe State Executive Council has approved a new policy requiring all public officers...

    S’East Senate Caucus lauds Dangote, backs FG’s fiscal drive for industrial growth

    The South East Senate Caucus has commended the Dangote Group for its massive investment...

    Humanitarian aid: Over 34m Nigerians could face severe hunger, UN warns

    About 34.7 million Nigerians may face a food crisis or worse levels of hunger...

    FEC approves $396m loans for northern IDPs, Sokoto health project

    The Federal Executive Council (FEC)on Thursday approved two major external loan facilities totalling $396...

    More like this

    Yobe council approves N6bn for roads, health, others

    The Yobe State Executive Council has approved a new policy requiring all public officers...

    S’East Senate Caucus lauds Dangote, backs FG’s fiscal drive for industrial growth

    The South East Senate Caucus has commended the Dangote Group for its massive investment...

    Humanitarian aid: Over 34m Nigerians could face severe hunger, UN warns

    About 34.7 million Nigerians may face a food crisis or worse levels of hunger...