CBN moves against defaulting Anchor Borrowers

The Central Bank of Nigeria (CBN) has moved against beneficiaries of its Anchor Borrowers Programme who have failed to pay back their loans.

Specifically, the NIRSAL Microfinance Bank Limited (NMFB), has published the names of some of the borrowers with the largest Non-Performing Loans (NPL) , insisting that they must pay back such loans.

NMFB in a demand notice issued in Abuja, yesterday, indicated that it had reached out to the beneficiaries who remained adamant.

It said, “Following the Central Bank of Nigeria’s (CBN) directive to NIRSAL Microfinance Bank Limited (NMFB), to recover all non-performing intervention loans granted by NMFB under the Anchor Borrowers’ Programme (an intervention Scheme of the CBN), NOTICE is hereby given to the under-listed Customers, to offset their indebtedness to NMFB under the said intervention scheme of the CBN.

“Earlier Demand Notices have been issued by NMFB to the last known addresses of the aforesaid Customers, hence, this Public Notice serves as the final demand notice.”

Defaulters named by the management included: SADOLEN Interworld Ltd promoted by Saidu Audu Adaji and Nura Musa Hassa with an unpaid loan figure of N 2. 050 billion.

Gum Arabic Farms and Commodities Ltd promoted by Yusuf Ibrahim Babangida which owed N1.220 billion.

Prime Synergy Global Solutions Ltd was also identified by NMFB as a larg loan defaulter .
The company promoted by Mercy Ikeji and Jennifer Nyesom-Effiong owed N1. 451 billion.

According to the bank, other defaulters were: ASUJ Food Production and Processing, promoted by Abubakar Umaru Jibrilla owed N581. 416 million.

While Souvenire Seeds Nigeria Ltd promoted by Roseline Omokora and Con Investment Ltd promoted by Lady Josephine Waze owed N158. 184 million and 211. 605 million, respectively.