Where’s the 81bn Anchor Borrowers Loan? – Reps to BOA

More problems for farmers as Reps summon BOA over 81bn Anchor Borrowers Loan.

The House of Representatives Committee on Agriculture has summoned the Management of the Bank of Agriculture (BOA), to clear issues on the bank’s inability to recover the N81 billion loan disbursed to farmers under the CBN Anchor Borrowers Programme (ABP).

The Committee gave the order on Friday, when it paid an oversight visit to the headquarters of the bank in Kaduna on Friday.

Chairman of the Committee, Muntari Dandutse, who led other members directed the bank management to submit all relevant documents related to the anchor borrowers programme to it for scrutiny.

Mr Dandutse said the documents should include the total amount disbursed to farmers and the number of farmers that benefited from the loans.

He said the bank should also submit its audited accounts and the amount it recovered from the farmers.

The committee, according to him, would need to have access to the bank’s list of beneficiaries and defaulters, and advice on measures to be taken to recover the loans.

Members of the committee had during the visit expressed concern that beneficiaries of the Anchor Borrower Programme had complained to the committee on bank’s alleged poor handling of the ABP funds.

More details soon…

Categories: Politics

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