Dr. Olayemi Michael Cardoso
CBN Governor
By Isaac Daniel
The Central Bank of Nigeria, CBN, is presently all out to recover all the COVID-19 intervention loans granted to all classes of Nigerians to ameliorate the harsh socio-economic situation during the deadly epidemc. However, some beneficiaries of the loans have expressed concern about the manner of recovery.
Fatimah Alli, a beneficiary, said that the sudden move to recover her N500,000 COVID-19 loan had worsened her financial challenges.
“I got a loan of N500,000 in 2020 to cushion the effect economic effect of COVID-19. But at that time we were assured that we will not be required to repay the money.
“But recently, all the money in my bank account were removed by the CBN as part of the loan recovery drive,” she said.
Abbas Sule, TCF, another beneficiary, also complained about arbitrary loan deductions from his bank account.“When I was granted the loan facility in 2020, the bank official that processed the release through NIRSAL Microfinance Bank (NMFB), got a commission of N50,000, and I was paid N450,000.“Now they want me to repay N500,000, that is not fair,” he said.
The MFB revealed that it had given out loans worth N503 billion to more than 881,081 Nigerians and business operators to cushion the effects of the pandemic.
…………
For Advertisement, Event Coverage, Public Relations, Story/Article Publication, and other Media Services, kindly send an email to: thelegendnews25@gmail.com. To stay updated with the latest news, health updates, happenings,Sports and interesting stories, visit thelegendnewsng.com . THE OBINJA MEDIA COMMUNICATIONS (Publisher of TheLegendNews/THELEGENDTV)
