By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Africa Housing NewsAfrica Housing News
Notification Show More
Aa
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Reading: Senate Urges CBN to Forfeit N180 Billion Loans Disbursed via NIRSAL MFB
Share
Aa
Africa Housing NewsAfrica Housing News
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
Search
  • Home
  • News
  • Real Estate News
  • Nigeria Property News
  • Join Us
    • About Us
    • Contact Us
    • Join Us
Have an existing account? Sign In
Follow US
Africa Housing News > Blog > News > Senate Urges CBN to Forfeit N180 Billion Loans Disbursed via NIRSAL MFB
Senate urges CBN to forfeit N180 billion loans disbursed via NIRSAL MFB
News

Senate Urges CBN to Forfeit N180 Billion Loans Disbursed via NIRSAL MFB

Fesadeb
Last updated: 2022/12/30 at 7:26 AM
Fesadeb Published December 30, 2022
Share
Senate urges CBN to forfeit N180 billion loans disbursed via NIRSAL MFB
SHARE

The Senate ad hoc committee investigating alleged uneven disbursement of loans, grants, and interventions in the six-geopolitical regions by NIRSAL Microfinance Bank has urged the Central Bank of Nigeria (CBN) to write off the trapped N180 billion loans granted Nigerians during the coronavirus pandemic.

Chairman of the committee, Senator Sani Musa, stated this during a hearing on the matter.
“To me, NISRAL gave out the money as a grant to Nigerians because I don’t see how you are going to collect over five hundred billion back from the criteria required for the acquisition of these loans. So, since recovering this money will be difficult for NISRAL because of the time it was disbursed, let us request that CBN gives them fresh funding so they can be able to give it out to persons that can pay it back.

2022 was an Excellent, Productive Year, AIHS Specially Thanks Stakeholders, Wishes Them Happy Holidays
2022 was an Excellent, Productive Year, AIHS Specially Thanks Stakeholders, Wishes Them Happy Holidays

“About N180 billion is outs and has gone. After all, countries such as the U.S. gave their citizens free money over four times during the pandemic. So, for the bank to be able to meet its obligations, fresh funds should be released to them,” Musa was quoted in a statement issued by NIRSAL yesterday.

You Might Also Like

Senator Akintunde Advocates Full Privatisation of Power Sector, Calls for Subsidy Reintroduction

Ohanaeze Youths Hail Launch of Enugu Air, Say Mbah Unlocking Economic Opportunities

Ogun Government to Launch Environmental Watchdog to Tackle Floods, Waste, and Infrastructure Abuse

Governor Lawal Distributes 59,205 Bags of Fertiliser to Boost Agriculture in Zamfara

How NASS, FRC Collaboration Boosted GOEs’ Surplus from N200bn to Over N2trn

Join Our Whatsapp Group

Contact Image

Join Our WhatsApp Channel

Housing TV Africa is the First Housing News Television
in Africa on Startimes Channel 149 bringing you
Housing News, Mortgage News, Construction News etc

TAGGED: AFFORDABLE HOUSING, Africa housing news, Construction, Housing, Latest Housing News & Updates - Africa Housing News, news, nigeria, real estate, trending news
Fesadeb December 30, 2022 December 30, 2022
Share this Article
Facebook Twitter Email Print
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

© Africa Housing News. All Rights Reserved 2024

Welcome Back!

Sign in to your account

Lost your password?