N5.7bn Loan: CBN isues final demand notice to anchor borrowers
The Central Bank of Nigeria (CBN) has issued a last demand notice to seven beneficiaries of the Anchor Borrowers Programme(ABP) to pay back the sum of N5.7 billion indebtedness.
This comes after the CBN’s directive to NIRSAL Microfinance Bank Limited (NMFB) to reclaim all non-performing intervention loans awarded by NMFB under the Anchor Borrowers’ Programme (an intervention Scheme of the CBN).
Nexus News learnt that the beneficiaries include: Sadolen Interworld Ltd, with Saidu Audu Adaji and Nura Musa Hassan as promoters with a current exposure of
N2,050,831,880.50, Gum Arabic Farms and Commodities Ltd, with Alhaji Yusuf Ibrahim Babangida as promoters and a current exposure of N1,220,957,105.30, and Prime Synergy Global Solutions Ltd with Mercy Ikeji and Jennifer Nyesom-Effiong as promoters with an exposure of N1,451,720,437.00.
Others include: Asuj Food Production and Processing Ltd, with Abubakar Umaru Jibrilla as the promoter with an exposure of N581,416,350.39, Souvenire Seeds Nigeria Ltd with Roseline Omokora as the promoter and an exposure of N158,184,197.50 and
Con Investment Ltd with Lady Josephine Nwaeze as the promoter with a current exposure of N211,605,477.96.
According to a statement from Nirsal MFB Management in Abuja, earlier Demand Notices have been given by NMFB to the last known addresses of the aforementioned Customers, therefore, this Public Notice becomes the final demand notice.
Business Africa Digest reports that the ABP was initiated on November 17, 2015, by the President, Major General Muhammadu Buhari (rtd.), to change the country’s negative balance of payments, particularly in the area of food.
Beneficiaries of the programme include farmers cultivating cereals (rice, maize, wheat, etc.), cotton, roots and tubers, sugarcane, tree crops, legumes, tomato and livestock.