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

    RUN Set to Mobilize Millions of Youth for Tinubu/Akpabio Ahead of 2027

    Following the conclusion of party primaries, Rising Up for a United Nigeria (RUN) as...

    BISHOP OGUNEDO’s IMPACTFUL PRESIDENTIAL ADDRESS, headlines third day proceedings AND COMMUNITY RECEPTION

    Theme: "The Loudest Hallelujah Without the Fear of God" (Amos 5:23–24)   The First Session of...

    Army foils kidnap attempt,neutralizes terrorists, recover weapon in Kogi

      Olu Samuel   Troops of 12 Brigade under 2 Division Nigerian Army have thwarted a planned...

    ATPN Dismisses Fadina’s Claims, Backs Arokoyo as Acting President

      The Association of Tourism Practitioners of Nigeria (ATPN) has dismissed claims by its former...

    More like this

    RUN Set to Mobilize Millions of Youth for Tinubu/Akpabio Ahead of 2027

    Following the conclusion of party primaries, Rising Up for a United Nigeria (RUN) as...

    BISHOP OGUNEDO’s IMPACTFUL PRESIDENTIAL ADDRESS, headlines third day proceedings AND COMMUNITY RECEPTION

    Theme: "The Loudest Hallelujah Without the Fear of God" (Amos 5:23–24)   The First Session of...

    Army foils kidnap attempt,neutralizes terrorists, recover weapon in Kogi

      Olu Samuel   Troops of 12 Brigade under 2 Division Nigerian Army have thwarted a planned...