The Central Bank of Nigeria(CBN) has issued a final demand notice to seven Beneficiaries of the Anchor Borrowers Programme(ABP) to pay up the sum of N5.7 billion indebtedness.
The development is as a result of the to the apex bank’s directive to NIRSAL Microfinance Bank Limited (NMFB), to recover non-performing intervention loans granted by the bank under the CBN intervention scheme, Anchor Borrowers’ Programme.
The defaulting beneficiaries are: 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 have N1,220,957,105.30 as current exposure, 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, Souvenir 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 NIRSAL Microfinance Bank statement made available to Channel Network Afrique, CNA, the earlier Demand Notices was issued by the bank to the last known addresses of the beneficiaries, hence, the Public Notice serves as the final demand notice.
The Anchor Borrowers Programme whose beneficiaries include farmers cultivating cereals (rice, maize, wheat, etc.), cotton, roots and tubers, sugarcane, tree crops, legumes, tomato and livestock was launched on November 17, 2015, by President Muhammadu Buhari to reverse Nigeria’s negative balance of payments, especially in the area of food.
