Tag Archives: ABP

ABP: Farmers who refuse to pay back loans will be arrested- CBN vows

The apex bank, Central Bank of Nigeria has stated that farmers who fail in paying back loans from the Anchor Borrowers’ Program will be arrested and locked up until they pay back the loans. This was disclosed by the CBN Comptroller, Bauchi Branch, Saladu Idris, while speaking at the Secretariat of the Nigerian Union of Journalists (NUJ). The CBN official ...

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Banks, govt. officials are frustrating Anchor Borrowers Programme, says RIFAN official

Malam Sadiq Daware, National Treasurer, Rice Farmers Association of Nigeria (RIFAN) on Thursday accused some banks and governments officials of frustrating the successful implementation of the Anchor Borrowers Programme (ABP). Sadiq Daware announced in Abuja that many farmers had complained that they were unable to access the loan of ABP, executed by the Central Bank of Nigeria (CBN). He said ...

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