₦airaland Forum

DeClan01:
Yes, i got another invitation but it was clearly stated on it to ignore it if you have done the meeting already

Okay, thanks bro

@Declan. Please can you send the new training link to me, so far you have already done yours, but haven't. abumujaheed17@gmail.com

Richman44:
Please be careful, all training are done online and not in a physical location.. don't fall in the hands of scammers

thanks alot

CBN suspends all loans to NIRSAL as corruption scandal rocks Anchor Borrowers, CEO Abdulhameed

The Central Bank of Nigeria has halted all further disbursements to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Peoples Gazette can report, amidst widespread allegations of corruption.

The agency’s flagship Anchor Borrowers’ Programme and its chief executive Aliyu Abdulhameed have been rocked by charges of endemic graft in recent months, with multiple officials plugged-in about the crisis telling The Gazette that Mr Abdulhameed has all but run down the flagship commercial agriculture scheme.

The CBN’s suspension of further loans to NIRSAL under Mr Abdulhameed was contained in a March 10 correspondence that referenced a February 24 meeting in which the decision was taken for an immediate pause on all loans. The memo said the decision would only be rescinded after all outstanding loans out of NIRSAL have been resolved.

NIRSAL was also asked to submit monthly reports on its activities to CBN, a decision that indicated a retraction of CBN’s confidence long enjoyed by the credit risk managers.

Officials said the action was a major blow to Mr Abdulhameed, although it would also leave some farmers stranded since NIRSAL would no longer have any loan to disburse or plunder.

“We know it is bad for the Anchor Borrowers’ Programme, but at least we know that there will be no money to steal further,” an official said under anonymity because of his current appointment under the Buhari administration. “The CBN’s action is a welcomed development because NIRSAL has been exposed to a lot of bad debts due to its focus on corruption rather than productivity and development of the agric value chain.”

Is nirsal incharge of NYIF loan or NMFB?

evanpass70:
Is nirsal incharge of NYIF loan or NMFB?

You're not suppose to get this loan for asking this type of question.

Oga you don take this matter personal nah! Oya charge your mind make I take the loan

evanpass70:
Is nirsal incharge of NYIF loan or NMFB?

NMFB

Rimemba:
You're not suppose to get this loan for asking this type of question.

He knows what exactly he's asking. NIRSAL and NMFB are two different organizations. Please visit the official NIRSAL Twitter handle and see for yourself Sir

Amen01:
He knows what exactly he's asking. NIRSAL and NMFB are two different organizations. Please visit the official NIRSAL Twitter handle and see for yourself Sir

NIRSAL and NMFB are the same. NMFB is a
Junior brother to NIRSAL reason are NMFB
Means NIRSAL MICROFINANCE BANK.

Oluwathoyin:
thanks alot

May God just Help in Nigeria. simple duty to share loan to people you took it for granted. I pray they rectify it on time because I know it will affect so many things

COULD THIS BE THE END?

CBN suspends all loans to NIRSAL as corruption scandal rocks Anchor Borrowers, CEO Abdulhameed

The Central Bank of Nigeria has halted all further disbursements to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Peoples Gazette can report, amidst widespread allegations of corruption.

The agency’s flagship Anchor Borrowers’ Programme and its chief executive Aliyu Abdulhameed have been rocked by charges of endemic graft in recent months, with multiple officials plugged-in about the crisis telling The Gazette that Mr Abdulhameed has all but run down the flagship commercial agriculture scheme.

The CBN’s suspension of further loans to NIRSAL under Mr Abdulhameed was contained in a March 10 correspondence that referenced a February 24 meeting in which the decision was taken for an immediate pause on all loans. The memo said the decision would only be rescinded after all outstanding loans out of NIRSAL have been resolved.

NIRSAL was also asked to submit monthly reports on its activities to CBN, a decision that indicated a retraction of CBN’s confidence long enjoyed by the credit risk managers.

Officials said the action was a major blow to Mr Abdulhameed, although it would also leave some farmers stranded since NIRSAL would no longer have any loan to disburse or plunder.

“We know it is bad for the Anchor Borrowers’ Programme, but at least we know that there will be no money to steal further,” an official said under anonymity because of his current appointment under the Buhari administration. “The CBN’s action is a welcomed development because NIRSAL has been exposed to a lot of bad debts due to its focus on corruption rather than productivity and development of the agric value chain.”

YourBestWriter:
COULD THIS BE THE END?

CBN suspends all loans to NIRSAL as corruption scandal rocks Anchor Borrowers, CEO Abdulhameed

The Central Bank of Nigeria has halted all further disbursements to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Peoples Gazette can report, amidst widespread allegations of corruption.

The agency’s flagship Anchor Borrowers’ Programme and its chief executive Aliyu Abdulhameed have been rocked by charges of endemic graft in recent months, with multiple officials plugged-in about the crisis telling The Gazette that Mr Abdulhameed has all but run down the flagship commercial agriculture scheme.

The CBN’s suspension of further loans to NIRSAL under Mr Abdulhameed was contained in a March 10 correspondence that referenced a February 24 meeting in which the decision was taken for an immediate pause on all loans. The memo said the decision would only be rescinded after all outstanding loans out of NIRSAL have been resolved.

NIRSAL was also asked to submit monthly reports on its activities to CBN, a decision that indicated a retraction of CBN’s confidence long enjoyed by the credit risk managers.

Officials said the action was a major blow to Mr Abdulhameed, although it would also leave some farmers stranded since NIRSAL would no longer have any loan to disburse or plunder.

“We know it is bad for the Anchor Borrowers’ Programme, but at least we know that there will be no money to steal further,” an official said under anonymity because of his current appointment under the Buhari administration. “The CBN’s action is a welcomed development because NIRSAL has been exposed to a lot of bad debts due to its focus on corruption rather than productivity and development of the agric value chain.”

I am not sure this does not really concern covid 19 and NYIF, specifically Anchor Borrower was mentioned. Let's wait and see how it goes

YourBestWriter:
COULD THIS BE THE END?

CBN suspends all loans to NIRSAL as corruption scandal rocks Anchor Borrowers, CEO Abdulhameed

The Central Bank of Nigeria has halted all further disbursements to the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), Peoples Gazette can report, amidst widespread allegations of corruption.

The agency’s flagship Anchor Borrowers’ Programme and its chief executive Aliyu Abdulhameed have been rocked by charges of endemic graft in recent months, with multiple officials plugged-in about the crisis telling The Gazette that Mr Abdulhameed has all but run down the flagship commercial agriculture scheme.

The CBN’s suspension of further loans to NIRSAL under Mr Abdulhameed was contained in a March 10 correspondence that referenced a February 24 meeting in which the decision was taken for an immediate pause on all loans. The memo said the decision would only be rescinded after all outstanding loans out of NIRSAL have been resolved.

NIRSAL was also asked to submit monthly reports on its activities to CBN, a decision that indicated a retraction of CBN’s confidence long enjoyed by the credit risk managers.

Officials said the action was a major blow to Mr Abdulhameed, although it would also leave some farmers stranded since NIRSAL would no longer have any loan to disburse or plunder.

“We know it is bad for the Anchor Borrowers’ Programme, but at least we know that there will be no money to steal further,” an official said under anonymity because of his current appointment under the Buhari administration. “The CBN’s action is a welcomed development because NIRSAL has been exposed to a lot of bad debts due to its focus on corruption rather than productivity and development of the agric value chain.”

NYIF no get any business with this.... it's a different thing entirely just that Nisral was contracted to disburse the funds....

Amen01:
He knows what exactly he's asking. NIRSAL and NMFB are two different organizations. Please visit the official NIRSAL Twitter handle and see for yourself Sir

NMFB means Nirsal microfinance Bank. This isn't arguing if the latest news will affect NYIF or not, but just to state NIRSAL is NMFB.

The official site is nmfb.com.ng, you will see Nirsal written on their page

Richman44:
NIRSAL and NMFB are the same. NMFB is a
Junior brother to NIRSAL reason are NMFB
Means NIRSAL MICROFINANCE BANK.

No sir, NIRSAL means Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), while NMFB means National Microfinance Bank

Kabiyesi12:
I am not sure this does not really concern covid 19 and NYIF, specifically Anchor Borrower was mentioned. Let's wait and see how it goes

and beside this suspension was since on March 10th 2021, yet people's loan were approved on the 18th March 2021, and they received payment. my take on this - fake news or misconception

Georgemoore:
No sir, NIRSAL means Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), while NMFB means National Microfinance Bank

That's another NIRSAL entirely. People do mistake them for the Nirsal microfinance bank on twitter

Kabiyesi12:
I am not sure this does not really concern covid 19 and NYIF, specifically Anchor Borrower was mentioned. Let's wait and see how it goes

Is NYIF not an anchor borrower? Since the specific anchor borrower wasn't mentioned, I hope it's not NYIF.

Georgemoore:
No sir, NIRSAL means Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), while NMFB means National Microfinance Bank

You sabi, they're different organization with different operations.

Before we flood this thread with unnecessary back and forth arguments and assumptions, please note the date (10th of March) that was stated in the said letter.

It's a fact that several approvals and disbursements have been reported after that 10th. If the imports of that letter affected the Covid loan and NYIF, common sense (no insults intended) will tell us that there wouldn't have been any further approvals and payments.

What about the invites for NYIF training? Would they have still gone ahead with it? No?

DeClan01:
Yes, i got another invitation but it was clearly stated on it to ignore it if you have done the meeting already

I sha got one email o

DeClan01:
Yes, i got another invitation but it was clearly stated on it to ignore it if you have done the meeting already

This is what I got

Georgemoore:
No sir, NIRSAL means Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), while NMFB means National Microfinance Bank

NIRSAL OWNS NMFB. That's why it is Called (NIRSAL MICROFINANCE BANK).. NMFB is a sub-section of NIRSAL, they disburse loans to any borrowers registered by NIRSAL .

Georgemoore:
No sir, NIRSAL means Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL), while NMFB means National Microfinance Bank

NIRSAL OWNS NMFB. That's why it is Called (NIRSAL NATIONAL MICROFINANCE BANK).. NMFB is a sub-section of NIRSAL, they disburse loans to any borrowers or grant programs under NIRSAL .

Examples are
1. NYIF =( business start up/ support.)

2. COVID 19=(reduce covid 19 effect
on bussiness)

3. ANCHORR BORROWERS= (for small holders farmers & CO-OPERATIVE)

4 SURVIVER FUND=( to support mini business and employees)
E.T.C .
so since only ANCHOR BORROWERS( farmers) was mention
NYIF IS SAFE FROM THE NEWS HOPEFULLY..

NMFB (NIRSAL NATIONAL MICROFINANCE BANK)

you can just call it (NATIONAL MICRO FINANCE BANK) or just (NIRSAL MICROFINANCE BANK) which ever once you choose to call it is the same THING

kenddys:
This is what I got

Ignore am jor

Who else received this?

DeClan01:
Ignore am jor

Sure na

This NYIF guys have a habit of sending mails late


But I need to take that quiz o

How in take do am

Fucklove:
Who else received this?

I got it too

Fucklove:
Who else received this?

This doesn't look normal

I did not receive sha

Lets wait and see if someone else did

Fucklove:
Who else received this?

Did it come this morning?

kenddys:
Sure na

This NYIF guys have a habit of sending mails late


But I need to take that quiz o

How in take do am

The quiz sef get as e be....The exam portal no dey gree mark my courses, the one wey e mark, na zero e record...na only 2 courses i do successfully. I no do am again since them don say we go get our certificate in our emails.