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

    APC Names Uba Sani As Ekiti Guber Election Campaign Council Chairman

    The All Progressives Congress (APC) has appointed the Governor of Kaduna State, Uba Sani,...

    What’s That Noise – Presidency Fires Back At ADC, Labels Party Confused And Disorganised

    The Presidency has described the African Democratic Congress (ADC) as a party struggling to...

    Price Of Petrol Drops In Filling Stations

    Petrol prices have dropped to ₦1,295 per litre in parts of Abuja and its...

    We Are Borrowing To Invest In The Economy – Presidency Replies Sanusi

    Special Adviser to President Bola Tinubu on Policy Communication, Daniel Bwala, has responded to...

    More like this

    APC Names Uba Sani As Ekiti Guber Election Campaign Council Chairman

    The All Progressives Congress (APC) has appointed the Governor of Kaduna State, Uba Sani,...

    What’s That Noise – Presidency Fires Back At ADC, Labels Party Confused And Disorganised

    The Presidency has described the African Democratic Congress (ADC) as a party struggling to...

    Price Of Petrol Drops In Filling Stations

    Petrol prices have dropped to ₦1,295 per litre in parts of Abuja and its...