Sterling Bank has been accused by farmers of opening accounts for them without their authorisation and knowledge. Sterling Bank was said to have opened the accounts in disguise in order to obtain loans that are given to farmers.

According to two farmers, Umar Abubakar and Muhammad Sani-Abdul, they got an unexpected and unexplained loan alert which stated they have a debt of NGN1,291,888.00 per person, to pay Nigeria Incentive-based Risk Sharing System for Agricultural Lending (NIRSAL).

The accounts were opened with... https://allnews.ng/news/sterling-bank-accused-of-opening-fake-accounts-to-secure-loan