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

    China General Chamber of Commerce in Nigeria Responds to Allegations of Discrimination at Chinese Supermarket

    The China General Chamber of Commerce in Nigeria has reacted to a viral video...

    BDC Operator Accused of Defrauding Indian Businessman of $737,000

    By Milcah Tanimu Abubakar Mannir, a Bureau de Change (BDC) operator operating under Emirates Booth...

    President Tinubu Launches African Counter-Terrorism Summit

    By Milcah Tanimu President Bola Ahmed Tinubu has inaugurated the African Counter-Terrorism Summit at the...

    Chelsea Optimistic as Lesley Ugochukwu Returns to Training Ahead of Arsenal Clash

    By Milcah Tanimu Chelsea fans have reason to be optimistic as Lesley Ugochukwu, the promising...

    More like this

    China General Chamber of Commerce in Nigeria Responds to Allegations of Discrimination at Chinese Supermarket

    The China General Chamber of Commerce in Nigeria has reacted to a viral video...

    BDC Operator Accused of Defrauding Indian Businessman of $737,000

    By Milcah Tanimu Abubakar Mannir, a Bureau de Change (BDC) operator operating under Emirates Booth...

    President Tinubu Launches African Counter-Terrorism Summit

    By Milcah Tanimu President Bola Ahmed Tinubu has inaugurated the African Counter-Terrorism Summit at the...