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

    Federal College of Education (Technical) Bichi Commends NELFUND Over N4.7 Million Student Loan Disbursement

    The Federal College of Education (Technical), Bichi, Kano State, has commended the Nigerian Education...

    NELFUND Beneficiary Celebrates Successful NYSC Completion, Commends Tinubu’s Education Support Initiative

    A beneficiary of the first batch of the Nigerian Education Loan Fund (NELFUND) has...

    Northern Students Applaud Tinubu, NELFUND Over Benefits of Student Loan Scheme

    The Student Wing of the Northern Youth Frontiers (NYF), made up of student union...

    Alleged $525,276 Mining Fraud :  How Victor Ekpong Thompson Used Forged Mining Licence to  Defraud American Investors- Witness

    A Second Prosecution Witness,  PW2,  Michael Eyo,   in the trial of Victor Ekpong Thompson...

    More like this

    Federal College of Education (Technical) Bichi Commends NELFUND Over N4.7 Million Student Loan Disbursement

    The Federal College of Education (Technical), Bichi, Kano State, has commended the Nigerian Education...

    NELFUND Beneficiary Celebrates Successful NYSC Completion, Commends Tinubu’s Education Support Initiative

    A beneficiary of the first batch of the Nigerian Education Loan Fund (NELFUND) has...

    Northern Students Applaud Tinubu, NELFUND Over Benefits of Student Loan Scheme

    The Student Wing of the Northern Youth Frontiers (NYF), made up of student union...