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 EU will not help Trump fight Iran – Rufai Oseni

    Arise Television’s Morning Show anchor, Rufai Oseni, has said European Union countries are unlikely...

    Nwabali not concerned over free agent status

    Stanley Nwabali has said he is unperturbed about being clubless at the moment. Nwabali is...

    Nigerian artists generate N60bn on Spotify in 2025

    Nigerian artists generated over N60 billion from Spotify in 2025, the streaming platform revealed...

    Benue community raises alarm over renewed attacks

    Residents of Rijo community, especially Unweje village in Ogege Ward of Utonkon, Ado Local...

    More like this

    Why EU will not help Trump fight Iran – Rufai Oseni

    Arise Television’s Morning Show anchor, Rufai Oseni, has said European Union countries are unlikely...

    Nwabali not concerned over free agent status

    Stanley Nwabali has said he is unperturbed about being clubless at the moment. Nwabali is...

    Nigerian artists generate N60bn on Spotify in 2025

    Nigerian artists generated over N60 billion from Spotify in 2025, the streaming platform revealed...