NIRSAL Goes After N50 Billion COVID-19 Loan Borrowers

Central Bank of Nigeria’s approved Targeted Credit Facility (TCF) COVID-19 loans bank, Nirsal Microfinance Bank is calling on all borrowers to commence repayment of loans granted to many entrepreneurs to alleviate COVID-19 suffering and help revamp their businesses.

The financial institution disclosed this via its official Twitter handle.

In the message put out by NIRSAL, it said “now it is your turn, we have played our part.”

To start repayment, borrowers are advised to visit the nearest NIRSAL bank to obtain a loan repayment schedule and ensure their loan account is always funded. The bank account to be debited has been previously sent to their mobile phone, the bank stated. For further clarification, contact customer care on 09010026900-7.

Meanwhile, there were unconfirmed reports that beneficiaries thought it was a grant to help alleviate COVID-19 negative impact on their business. Some beneficiaries claimed they paid certain officers that approved their grant as much as N130,000. Therefore, they can not pay back the complete amount.