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

    Price Of Electric Cars Drop Amid Policy Debate

    The average price of electric cars in Europe declined for the first time in...

    Concerns as Lagos residents reject Assembly’s proposed relocation

    Residents of Makoko, Oko-Agbon and Sogunro in the Yaba area of Lagos State have...

    ‘There Is Readiness For Reconciliation On Both Sides’ – Olawepo-Hashim

    Former presidential aspirant Gbenga Olawepo-Hashim has said there is readiness for reconciliation between the...

    DR Congo Leave Out Two Players Named In Nigeria’s FIFA Complaint As World Cup Play-off Squad Is Unveiled

    The Democratic Republic of Congo have left out two players cited in Nigeria’s complaint...

    More like this

    Price Of Electric Cars Drop Amid Policy Debate

    The average price of electric cars in Europe declined for the first time in...

    Concerns as Lagos residents reject Assembly’s proposed relocation

    Residents of Makoko, Oko-Agbon and Sogunro in the Yaba area of Lagos State have...

    ‘There Is Readiness For Reconciliation On Both Sides’ – Olawepo-Hashim

    Former presidential aspirant Gbenga Olawepo-Hashim has said there is readiness for reconciliation between the...