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

    Steel Minister, NEMSA To Collaborate on Operstionsl Efficiency

      The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has underscored the strategic...

    2026 World Hydrography Day: Nigeria to launch digital S-100-based data services

      By Sam Otuonye As the World is about to commemorate the 2026 Hydrology Day, the...

    NDDC Intensifies Anti-Cultism, Drug Abuse Campaign in Bayelsa Schools

      The Niger Delta Development Commission (NDDC) has stepped up efforts to combat cultism and...

    Military personnel lament delayed salaries, allowances under Tinubu amid war against insurgency

      Some military personnel have expressed concern over the persistent delay in the payment of...

    More like this

    Steel Minister, NEMSA To Collaborate on Operstionsl Efficiency

      The Honourable Minister of Steel Development, Prince Shuaibu Abubakar Audu, has underscored the strategic...

    2026 World Hydrography Day: Nigeria to launch digital S-100-based data services

      By Sam Otuonye As the World is about to commemorate the 2026 Hydrology Day, the...

    NDDC Intensifies Anti-Cultism, Drug Abuse Campaign in Bayelsa Schools

      The Niger Delta Development Commission (NDDC) has stepped up efforts to combat cultism and...