NMFB has Revealed AGSMEIS Loan Challenges
GoldenNewsNg gathered that staff of NMFB was accused of diverting AGSMEIS loan of N5 million.
Although the NIRSAL Microfinance Bank (NMFB) yesterday denied allegations that it had misappropriated the sum of N5 million loan facility under the facility Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS)with respect to a beneficiary.
NMFB Reveals AGSMEIS Loan Challenges
Nirsal stated that whenever money is connected there are always challenges and people will always event ways to circumvent the system.
Secondly, Many of the prospective Nirsal AGSMEIS do not realize that this money is a loan, they believe is free government money to help them either startup or expand their business or share the national cake.
Adding that the Attitude to the repayment of this AGSMEIS loan by some beneficiaries is non-committal. But the Nirsal Micro Finance Bank chief executive Abdulahi Kure said if you get the loan you must pay.