Reps Probe Alleged Diversion of N1.12tn Anchor Borrowers Funds
By Oluwakemi Kindness The House of Representatives has commenced an investigation into the alleged diversion and poor insurance coverage of the N1.12 trillion Anchor Borrowers Programme (ABP). The probe, led by the House Committee on Nutrition and Food Security, is examining how funds meant to boost agricultural production were managed, as well as the role […]
NIRSAL MFB Denies ₦215bn Anchor Borrowers Disbursement Claim
By Oluwakemi Kindness NIRSAL Microfinance Bank (NMFB) has denied recent reports alleging that it disbursed ₦215 billion under the Anchor Borrowers Programme (ABP), describing them as misleading and factually incorrect. According to the bank, the actual amount disbursed through its verified ABP loan interventions stands at ₦51 billion, a figure it has consistently presented in […]