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

    TINUBU ORDERS ICPC TO INVESTIGATE “PRESIDENTIAL FOREIGN INTERVENTION PROMOTION COUNCIL

      President Bola Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission...

    Nigeria Orders Probe of Meta, Google, X, Others

      *Alleges Media Exploitation       Petitions by key stakeholders in the Media and communication world namely NPAN,...

    NAN MD Urges Kebbi Gov. to Ignore Distractions, Focus on Development

      The Managing Director of the News Agency of Nigeria (NAN), Ali M. Ali, has...

    ‎Falcons open WAFCON camp July 15

    ‎Record 10-time champions, the Super Falcons, will officially begin the final stage of their...

    More like this

    TINUBU ORDERS ICPC TO INVESTIGATE “PRESIDENTIAL FOREIGN INTERVENTION PROMOTION COUNCIL

      President Bola Tinubu has directed the Independent Corrupt Practices and Other Related Offences Commission...

    Nigeria Orders Probe of Meta, Google, X, Others

      *Alleges Media Exploitation       Petitions by key stakeholders in the Media and communication world namely NPAN,...

    NAN MD Urges Kebbi Gov. to Ignore Distractions, Focus on Development

      The Managing Director of the News Agency of Nigeria (NAN), Ali M. Ali, has...