Connect with us

Hi, what are you looking for?


NIRSAL Microfinance Bank Warns Public on Loan Scammers

NIRSAL Microfinance Bank on Monday raised the alarm over the activities of scammers posing as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 Targeted Credit Facility (TCF) or the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) loan.

NIRSAL in a statement cautioned the public against falling prey to such people because the COVID-19 Targeted Credit Facility being disbursed by NMFB on behalf of the Central Bank of Nigeria is a loan and not a grant which beneficiaries must pay back with interest.

“We also wish to inform the general public who may have been scammed by these unscrupulous people to lodge a complaint on our Whistleblowing portal by sending us an email on [email protected]

The Central Bank of Nigeria (CBN) unveiled an initial N50 billion target credit facility for households and small and medium enterprises hit by the COVID-19 pestilence last year.

The loan was through the NIRSAL Microfinance Bank.

Following its success, the apex bank unveiled another N50 billion for the same purpose.

Click to comment

Leave a Reply

Your email address will not be published.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


You May Also Like


QNET, a global lifestyle and wellness-focused direct-selling company, has recently become aware of fraudulent activities being carried out in the name of its CSR...


MasterCard and Onafriq, a pan-African payments provider, have partnered to provide a range of payment solutions to consumers and small and medium-sized businesses across...


South Africa’s ecommerce sector is expected to exceed USD21 billion by 2025, with more than one billion transactions per year. This is largely due...


Economic and Financial Crimes Commission (EFCC) has filed a three-count charge against popular Instagram celebrity, Pascal Okechukwu, also known as Cubana Chief Priest, for...