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

    We’re injecting life back to local economy — Tinubu 

      ‎* Commends Wike for implementing urban renewal master plan ‎* Development will touch every district,...

    DOGARA COMMISERATES WITH THE ALL PROGRESSIVES CONGRESS (APC) NATIONAL SECRETARY, SENATOR SURAJUDEEN AJIBOLA BASIRU, OVER MOTHER’S DEMISE.

    Former Speaker of the House of Representatives and Chairman of the Board of the...

    State Police is national consensus, not politics -Senate

      By Ahmed Akanbi The Senate has pushed back on critics of the Constitution of the...

    UK support key to peaceful, tech-driven 2027 polls -Dep Speaker Kalu

      By Ahmed Akanbi Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Okezie Kalu,...

    More like this

    We’re injecting life back to local economy — Tinubu 

      ‎* Commends Wike for implementing urban renewal master plan ‎* Development will touch every district,...

    DOGARA COMMISERATES WITH THE ALL PROGRESSIVES CONGRESS (APC) NATIONAL SECRETARY, SENATOR SURAJUDEEN AJIBOLA BASIRU, OVER MOTHER’S DEMISE.

    Former Speaker of the House of Representatives and Chairman of the Board of the...

    State Police is national consensus, not politics -Senate

      By Ahmed Akanbi The Senate has pushed back on critics of the Constitution of the...