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2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan - Agriculture - Nairaland

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2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Blue3k2: 6:25am On Jun 26, 2018
Wheat Farmers Association of Nigeria (WFAN) in Kano on Monday said it had dragged 2,000 farmers to court for defaulting to repay N270 million loan.

WFAN Chairman, Faruk Rabi’u, told the News Agency of Nigeria (NAN) in Kano that 26 of the affected farmers had so far been arraigned before the Magistrates’ Court, Gyadi-gyadi, Kano.

Mr Rabi’u, who is also the state chairman of the All Farmers Association of Nigeria (AFAN), said the court had also ordered the arrest of the remaining 1,974 farmers, who refused to acknowledge its summon.

He said the association secured the facility from the state government and some Agro dealers under the 2015/2016 and 2016/2017 wheat farming season.

“We sourced the loan from the state government and some stakeholders and disbursed to about 2, 000 wheat farmers in the state,” he said.

He said the association had no option than to take legal action against the defaulting farmers to serve as a deterrent to others who might contemplate committing same mistake.

He said the decision to secure the facility was aimed at assisting farmers and encourage them to stay in the business to boost wheat production.

“But regrettably, our members decided not to repay the loans after harvesting period,’’ Mr Rabi’u said.

He said the association would ensure that those who benefited from the facility and defaulted in repayment were apprehended and prosecuted.

Mr Rabi’u said the leadership of the association would soon commence public enlightenment on the need for farmers to ensure prompt payment of loans collected.

“Unless this is done, the government may stop giving farmers loan in the state,” Mr Rabi’u said.


Source: https://www.premiumtimesng.com/regional/nwest/273790-2000-kano-farmers-dragged-to-court-for-default-on-n270-million-loan.html

1 Like

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Homeboiy: 6:28am On Jun 26, 2018
farms that herdsmen has destroyed

8 Likes 1 Share

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Blue3k2: 6:28am On Jun 26, 2018
These farmers owe 135k each. This doesnt seem like a lot of money considering they had a year to recoup. If they default take what ever assets they own. I doubt this is an unsecured loan.

The nation shouldnt waste cash on deadbeats snd frauds who dont care to pay back their loans. Theirs plenty of good farmers who might make use of loan.

Lol instant front page.

5 Likes 2 Shares

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Nobody: 6:29am On Jun 26, 2018
angry


My Mother has always warned me never to interfere in family matters.



This is a case between Buhari and his Brothers. If you dare interfere now, you're either killed, maimed, butchered, kidnapped without trace, charged for hate speech or tagged an enemy of the state.

I'll just be observing

20 Likes 1 Share

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Nobody: 6:29am On Jun 26, 2018
How will they get it back when the output is not there ?

1 Like

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by inoki247: 6:29am On Jun 26, 2018
dis Nigeria maybe some of dem did not use d money for farming
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by omowolewa: 6:31am On Jun 26, 2018
All they need to do is to claim natural disaster and 'Fulani war'


These loans are a time mistaken as grant - share of national cake.

4 Likes 1 Share

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Nobody: 6:33am On Jun 26, 2018
It's a new day, Thank you Jesus

2 Likes

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by GMBuhari: 6:33am On Jun 26, 2018
They got loan, they didn't pay back, i expect some idiots to say it's because their crops were eaten by herders, that's the latest blame in town

3 Likes

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by nicholartsdesign: 6:35am On Jun 26, 2018
u
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Pavore9: 6:35am On Jun 26, 2018
omowolewa:
All they need to do is to claim natural disaster

That happened only in their farms?
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by kizaronto: 6:36am On Jun 26, 2018
They have used the money to marry 3rd and 4th wives. Hausa men wey like p***sy pass everything!!

10 Likes

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Akinz0126(m): 6:36am On Jun 26, 2018
Shikenan...Kudi ya shi ga raga
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by peterkelechi30(m): 6:38am On Jun 26, 2018
Can you imagine only Kano get that huge amount of money . I don weak. ONE NIGERIA MY FOOT
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by hushshinani(m): 6:38am On Jun 26, 2018
Dont know what to say
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by SoNature(m): 6:38am On Jun 26, 2018
The news that comes out of Nigeria these days is just shocking!! grin
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by ITbomb(m): 6:41am On Jun 26, 2018
Most of the Agric loans are in the North and most northern farmers sees the loan as payment for supporting sai barbarian.

The rice Anchor Borrower loan is a good example

4 Likes 1 Share

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by DavSagacity(m): 6:42am On Jun 26, 2018
They should be made to pay back the loan . They don't want to spend their own money on anything that pertain to agriculture . Even those of them that are into cattle rearing want free land for Colonies. They should be made to pay back the loan to the last penny.
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by begwong: 6:47am On Jun 26, 2018
Homeboiy:
farms that herdsmen has destroyed
No Herdsmen attack in kano.
They just used the money to marry more wives. Shikena!
They will say after all na government money!

2 Likes

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by Flexherbal(m): 6:47am On Jun 26, 2018
SacredMustang:
angry


My Mother has always warned me never to interfere in family matters.



This is a case between Buhari and his Brothers. If you dare interfere now, you're either killed, maimed, butchered, kidnapped without trace, charged for hate speech or tagged an enemy of the state.

I'll just be observing

Dem be say na all of us national cake ooo.
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by anibi9674: 6:47am On Jun 26, 2018
Hausa people just too like freebies and cheap article stuffs.
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by ignis: 6:52am On Jun 26, 2018
k
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by okomile(f): 6:52am On Jun 26, 2018
I also need the share of the national cake.

They can't get the money back and can't jail them.
All is publicity stunt.
Am sure, nothing will be hear of this again as election is round the corner.

Farmers will get the votes of the pple in the rural areas.
grin
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by zone51: 6:54am On Jun 26, 2018
Can you see that we are the captivity of our negativity. Just because it's a government funded angry

Now they have blocked chances for other serious farmer that might be serious

2 Likes

Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by mudiana(m): 6:56am On Jun 26, 2018
Abeg I am listening to Tasha Cobbs... Fill me up, I wanna run over. Wetin concern me.
Re: 2,000 Kano Farmers Dragged To Court For Default On N270 Million Loan by fulaniHERDSman(m): 6:58am On Jun 26, 2018
grin

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