A report by the Central Bank of Nigeria (CBN) has revealed that out of the total loans of N10.3 trillion disbursed as intervention, N193 billion has been declared lost and another N418.9 billion remains doubtful.

According to the report, which was last updated in September 2023, detailed the breakdown of the bank’s intervention funds over the years.


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A doubtful loan is one for which full repayment is questionable and uncertain. The degree of repayment of loans in question ranges from a complete loss to an uncertain loss unless corrective actions are taken.

According to the report, out of the N10.3 trillion in intervention funds, N4.4 trillion has been repaid, while approximately N5.8 trillion remains outstanding. Some of the loans are tenured, meaning they only fall due when the principal repayments mature.


However, only N969.8 billion of the outstanding amount was past due, as some loans had repayment tenures extending years beyond 2023. Based on this, the report claimed the percentage of repayments to amounts due was 75.8%.

The apex bank report also indicates that N289 billion of the loans are performing, N67.9 billion is substandard and N418.9 billion is doubtful and N193.9 billion of the loans are lost.

The apex bank governor, Yemi Cardoso, has repeatedly criticised the intervention funds carried out under the leadership of Godwin Emefiele, claiming that the bank could not implement the interventions appropriately.

Cindypresh:

The ekuke above me has come to defend clueless Tinupoo and his patch patch Cbn gofano.

Or blame buhari that they praised and defended for 8 wasted years.

Helinues you need to see a psychiatrist

Cindypresh:


Go see a psychiatrist first...that will be a good headstart

helinues:


Don't be quarter clever, point out to what I have defended on this thread.

Why are you guys so fixated about others? Why?

Cindypresh:


Stop mentioning me, I cannot help you sorry...only a psychiatrist can.

blacknp:
Always Igbo, why?

helinues:


Imagine the person accusing me of something but when asked for proofs, he started fuming in the mouth.

I really don't know why some of they are just so bitter about politics matter

atiku4President:
Na so, that's how the state has been fraudulently empowering some lazy country men and women, especially from the North. How many Southerners benefit from such scam?
We know those who don't need govt loots to survive. They work hard to survive and build their communities and can beat their chests any day to say that to anyone who cares to listen.

blacknp:
Always Igbo, why?

atiku4President:
Na so, that's how the state has been fraudulently empowering some lazy country men and women, especially from the North. How many Southerners benefit from such scam?
We know those who don't need govt loots to survive. They work hard to survive and build their communities and can beat their chests any day to say that to anyone who cares to listen.

Day169:
.. that snake again!