₦airaland Forum

I woke up this morning with a debit alert. I knew I didn't initiate such transaction so I checked the description and browsed about it. It dawned on me that CBN is recovering COVID-19 loan abi na grant sef, IDK.

My only problem is that they should have embarked on a public enlightenment campaign to alert the general public on what to expect. I'm sure banking halls will be overcrowded by next week because most people have no idea why they're being debited.

For a context, around 2020 or thereabout, CBN opened a portal where people could apply for loan. Selected applicants were credited various amounts through Nirsal microfinance bank. A lot of people thought it was a grant. But CBN is now actively recovering it. Some people even paid a percentage of the money to people that helped them with the application. The notion was that it was free money from government the way many other countries did

In my own case, I was going through a very hard time. Not long I completed NYSC, the small business I started collapsed due to circumstances beyond my control. (a topic for another day).

When the money entered, I think around 300k, I quickly got a spot and started POS business. 2020 was a bad year. We all know how endSARS protest turned out in owerri. All the police stations closed down and all security operatives went underground. So criminals were having a field day.

So my small POS business was attacked three times between May and November thereby leaving me with nothing and a lot of loans... That was how my COVID-19 loan went...

People thought it was for free

Aonkuuse:
People thought it was for free

No be lie

I know someone who was told its a grant and was to pay 50 percent for it to be done for her.

She and 2 others at home were each given 500k which they all paid 250k back to the person who did it

5 years later they're debiting her account and we just realised after checking google

AlwynDigital:
I know someone who was told its a grant and was to pay 50 percent for it to be done for her.

She and 2 others at home were each given 500k which they all paid 250k back to the person who did it

5 years later they're debiting her account and we just realised after checking google

It's sad. Government needs to carry out adequate public awareness campaign for their programs to eliminate speculations and assumptions

uncleck:
It's sad. Government needs to carry out adequate public awareness campaign for their programs to eliminate speculations and assumptions

Exactly, I remember around that time people telling my grandparents to bring bvn, bring this and that.

I never paid any mind to such things and it seemed I was the only one in the house who was not interested in getting free money.

AlwynDigital:
Exactly, I remember around that time people telling my grandparents to bring bvn, bring this and that.

I never paid any mind to such things and it seemed I was the only one in the house who was not interested in getting free money.

Now we're repaying it the hard way

uncleck:
It's sad. Government needs to carry out adequate public awareness campaign for their programs to eliminate speculations and assumptions

Govt did .It was all over even on Nl.If you had a browsing phone ,you'd have sought for more information before collecting it.
I did and when my husband and I were approached and they told us their percentage cut.I backed out when they didn't have any sensible thing to say when I asked if they'd take part in repaying the loan when govt comes knocking.
It's written 'covid loan' which means you will pay back.
What other sensitization do you need as an educated person?

The COVID loan recovery is random
Ans not really specific

At some points ,they were serious
Them they left lots of people
I know
And the system of recovery is still faulty

Ulunne777:
Govt did .If you had a browsing phone ,you'd have sought for more information before collecting it.
I did and when my husband and I were approached and they told us their percentage cut,I backed out.
It's written 'loan' which means you will pay back.
What other sensitization do you need as an educated person?

Las Las education no be scam.

I've always known that the government will find a way to recover their money by hook or by crook.

Two people that you can't eat their money in this country; the government and MTN.

I got 150k…

I reason say na free money until after some 2 years, I woke up to multiple debit alerts, fever catch me no be small…


All my body from head to toe start to dey hot like car radiator.

#NoFreeLunchInFREETOWN

ecomalchemisttt:
I got 150k…

I reason say na free money until after some 2 years, I woke up to multiple debit alerts, fever catch me no be small…


All my body from head to toe start to dey hot like car radiator.

#NoFreeLunchInFREETOWN

No be small thing