NIB TCF/AGSMEIS Loan: Nirsal microfinance banks warn Vendors who engage in a dubious act

Please check your E-mail inbox or spam to confirm.

The Nirsal Microfinance Bank has vowed that its approved vendors for the Non-Interest Banking Window for COVID-19 Targeted Credit Facility and AGSMEIS Loan who engage in unethical practices will be handed over to Law Enforcement Agencies.

JOIN US FOR MORE ON:
or

The Managing Director, Nirsal Microfinance Bank, Abubakar Abdullahi Kure made this known during a recent meeting of the Bank on the Loan Programme on Friday.

Kure who appraised the Bank’s accredited vendors for the Non-Interest Banking window for TCF & AGSMEIS tabled various complaints from aggrieved beneficiaries at the event which was attended by over fifty vendors from different parts of the country.

Reading the Riot Act to the NIB Vendors while cautioning against unethical practices, Kure warned that vendors who continue to contravene the Bank’s policy on unethical practices by shortchanging NIB beneficiaries will be severely dealt with.

SEE ALSO: NIRSAL Microfinance Bank Loan 2021; How to apply.

“They will be reported to law enforcement agencies, de-registered and have their names published in the national dailies”, he added.

The Nirsal Microfinance Bank MD’s reaction is not far from reports made by some beneficiaries of the Non-Interest Banking Window for COVID-19 Targeted Credit Facility and AGSMEIS Loan who alleged they were short charged by their vendors.

According to the beneficiaries, some of the accredited Vendors demanded that the beneficiaries take 50% of their approved loan in cash, and forget about the delivery of the agreed products the vendors were meant to supply.

SEE ALSO: NFMB commences Non-Interest Loan, approves another batch of Candidates

The beneficiaries further alleged that some vendors deliver products which are not commensurate with the approved loan by the bank.

The Nirsal Microfinance Bank is concerned about the safety and welfare of the people had also warned applicants of CBN Intervention Loan Programmes that it does not request money at any time in the disbursement of approved loans to the beneficiaries.

NMFB alerted that such dubious intentions should be reported to the bank, assuring that appropriate action would be taken to guard against imposters who may wish to defraud applicants in the name of the bank.

Originally published by Myinfoclock

NOW FREE: Telegram SuperGroup Sales Formula: How to use Telegram to Sell Digital Courses



DISCLAIMER: Do not pay or release sensitive financial details to any organizer/recruiter unless futher verified from your end.
Easter Hunt Sale
Easter Sale
Sam Rantimi

About the Author: Sam Oluwarantimi

Interpersonal Communication Specialist & Graduate (Biology), Obafemi Awolowo University. Join me on Twitter.

1 Comment

  1. Please snapcredit has been treating my life after paying there money and interest they are still asking me to pay late payment fee

Got a question/Suggestion? Let's talk!

LATEST OPPORTUNITIES:

πŸ•› Sep 30, 2022
2022 CFI Naija in Lights Training for skills Program For Nigerians photojournalists
in Trainings and Workshops | for Journalists

πŸ•› Sep 30, 2022
2022 Commonwealth Professional Fellowships for Developing Countries
in Fellowships | for Professionals

πŸ•› Sep 30, 2022
2023 KAS/SAIIA Masters Scholarship for African Students
in Masters Programs | for Africans

πŸ•› Sep 30, 2022
African Union Summit Essay Contest 2022
in Essay Contests & Prizes | for Africans

πŸ•› Sep 30, 2022
Airtel Nigeria Leadership Program for Young Nigerian Graduates 2022
in Internships / Graduate Trainee Progs. | for Graduates

πŸ•› Sep 30, 2022
Allianz 2022 Climate Risk Award for Researchers (up to €7,000)
in Awards & Prizes | for Post Graduates

πŸ•› Sep 30, 2022
Andersen Nigeria Graduate Trainee Programme 2022
in Internships / Graduate Trainee Progs. | for Graduates

πŸ•› Sep 30, 2022
Apply: 2023 Sydney Scholars Awards for Undergraduate International Students
in Scholarships | for Undergraduates

πŸ•› Sep 30, 2022
British Council IELTS Prize 2022 (Win Β£3,000)
in Awards & Prizes | for Everyone

πŸ•› Sep 30, 2022
Call for Applications: Lagos State Science Research and Innovation Council (N5 million in funding)
in Grants & Fundings | for Nigerians

1 2 3 4 5 6 7 8 9 10 11 12