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

    Awka Speaks: Respect Our Choice, Respect Our Tradition

      The unfolding developments surrounding the Awka kingship dispute have once again brought to the...

    Tinubu approves 30% discount on airlines’ debt to Nigerian Govt

    President Bola Ahmed Tinubu has approved a 30 per cent reduction in charges owed...

    Bwacha Declares 2027 Governorship Bid, Says Taraba Debt Has Surged Past ₦1 Trillion

    Former senator Emmanuel Bwacha has officially declared his intention to contest the 2027 Taraba...

    President Tinubu Hails Nigeria’s 91.45% Aviation Safety Rating By ICAO

      President Bola Tinubu on Thursday welcomed Nigeria's 91.45 per cent aviation safety rating by...

    More like this

    Awka Speaks: Respect Our Choice, Respect Our Tradition

      The unfolding developments surrounding the Awka kingship dispute have once again brought to the...

    Tinubu approves 30% discount on airlines’ debt to Nigerian Govt

    President Bola Ahmed Tinubu has approved a 30 per cent reduction in charges owed...

    Bwacha Declares 2027 Governorship Bid, Says Taraba Debt Has Surged Past ₦1 Trillion

    Former senator Emmanuel Bwacha has officially declared his intention to contest the 2027 Taraba...