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

    Haruna, Jennifer Alih Receive MWFAAN 2026 Peacebuilding Grant for Middle Belt Interfaith Project

    The Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) has awarded its 2026 Inter-Cohort...

    Plateau launches maiden Science, Technology Festival to boost economic growth

      From Yakubu Wuyep, Jos   The Minister of Innovation, Science and Technology, Kingsley Udeh, has described...

    ‎National librarian urges Nigerian youth to embrace reading culture

    ‎ ‎ ‎National Librarian and Chief Executive Officer of the National Library of Nigeria, Prof. Chinwe...

    ‎NELFUND debunks reports of suspension of students’ upkeep allowances

    ‎ ‎ ‎The Nigerian Education Loan Fund (NELFUND) has dismissed reports circulating on social media and...

    More like this

    Haruna, Jennifer Alih Receive MWFAAN 2026 Peacebuilding Grant for Middle Belt Interfaith Project

    The Mandela Washington Fellowship Alumni Association of Nigeria (MWFAAN) has awarded its 2026 Inter-Cohort...

    Plateau launches maiden Science, Technology Festival to boost economic growth

      From Yakubu Wuyep, Jos   The Minister of Innovation, Science and Technology, Kingsley Udeh, has described...

    ‎National librarian urges Nigerian youth to embrace reading culture

    ‎ ‎ ‎National Librarian and Chief Executive Officer of the National Library of Nigeria, Prof. Chinwe...