CBN Issues Demand Letter To Anchor Borrowers Association

The Anchor Borrowers’ Program recipients who are in debt and have not yet repaid a total of N5.67 billion, according to data, received a demand letter from the Central Bank of Nigeria on Tuesday.

The warning comes after the bank’s order to collect all non-performing intervention loans made under the plan from NIRSAL Microfinance Bank Limited (NMFB).

“The NOTICE is thus provided to the under-listed Customers, to balance their debt to NMFB under the abovementioned intervention scheme of the CBN,” the notice said in part.

Since earlier Demand Notices were sent by NMFB to the aforementioned Customers’ last known addresses, this Public Notice acts as the final Demand Notice.

Sadolen interworld ltd, which has a current exposure of N2,050,831,880.50, and Gum Arabic farms and commodities ltd, which has a current exposure of N1,220,957,105.30, are two of the shortlisted debtors.

Other companies with current exposure of N1,451,720,437.00, N581,416,350.39, N158,184,197.50, and N211,605,477.96, respectively, are Prime Synergy global solutions ltd, Asuj food production and processing ltd, Souvenire seeds Nigeria ltd, and Con investment ltd.

This information was first published on DMCA PROTECTED.

Source: Nyscinfo

Be the first to comment

Leave a Reply

Your email address will not be published.