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

    2027: Tinubu for President, APGA for All Other Positions in Anambra — Party Chieftain

    Tony Okafor, Awka The All Progressives Grand Alliance (APGA) has reaffirmed its support for the...

    APGA House of Reps Aspirant Attacked in Anambra, Two Security Aides Shot

    Tony Okafor, Awka Tension gripped parts of Idemili North Local Government Area of Anambra State...

    NERC refunds ₦155 million to electricity consumers

    Electricity consumers in Nigeria received N155.84 million as a credit refund from electricity distribution...

    Oba Femi shares Olympic ambition, WWE rise after shocking Brock Lesnar win

    Nigerian professional wrestler Isaac Odugbesan, known globally as Oba Femi, has lifted the lid...

    More like this

    2027: Tinubu for President, APGA for All Other Positions in Anambra — Party Chieftain

    Tony Okafor, Awka The All Progressives Grand Alliance (APGA) has reaffirmed its support for the...

    APGA House of Reps Aspirant Attacked in Anambra, Two Security Aides Shot

    Tony Okafor, Awka Tension gripped parts of Idemili North Local Government Area of Anambra State...

    NERC refunds ₦155 million to electricity consumers

    Electricity consumers in Nigeria received N155.84 million as a credit refund from electricity distribution...