Stats: 3,159,335 members, 7,839,596 topics. Date: Saturday, 25 May 2024 at 12:24 AM |
Nairaland Forum / Nairaland / General / Business / South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments (16451 Views)
Midland Savings And Loans Bank In Trouble Over Assault On Nursing Mother / CBN To Order Banks To Repay Illegal Charges With Interest / Bill Gates To Repay Nigeria’s $76m Polio Debt (2) (3) (4)
(1) (2) (3) (4) (Reply) (Go Down)
South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by soldierkunle: 5:00am On Jun 01, 2017 |
The Bank of Agriculture has decried the alleged unwillingness of South - East businessmen to repay loans . A representative of Bank of Agriculture ’ s South - East Zonal Office , Enugu , Mr Aaron Obigbo , who spoke at a workshop organised by a research institute , the Development Strategy Centre, Enugu, raised the alarm over the high rate of loan defaulters among borrowers in the South - East . The workshop themed , “ Pro - poor growth , unemployment and poverty in Nigeria : A South - East agenda ” , was organised in partnership with the African Economic Research Consortium , Kenya. Speaking at the workshop , Obigbo said the Bank of Agriculture was faced with challenges that stemmed from the unwillingness of its borrowers in the South -East to pay back loans obtained from the bank . Obigbo also disclosed that businessmen usually disguise as farmers to approach the bank for loans in the zone. He said , “ Our (South - East ) businessmen come to the Bank of Agriculture and borrow money and they will not repay . “ Some will collect inputs and sell them . They collect these inputs as farmers but they are not farmers . “ The man in the North will collect loans from BOA and pay back but our big men from the South - East collect this money and don ’t bother to pay back . ” Obigbo also decried the inability of state governments in the South - East to take advantage of various schemes initiated by the bank , particularly the Anchor Programme, to better the lives of the people in the region . According to him , while states in the northern part of the country are maximising the opportunities provided by the Bank of Agriculture , many states in the South - East are yet to identify with the bank . Obigbo urged South - East governments to utilise the funding opportunities provided by BOA, and also abide by the institution’ s terms and conditions . The Managing Partner of the Development Strategy Centre, Dr Cosmas Ohaka , in a paper presented at the workshop , noted that the steady growth recorded by the Nigerian economy between 2000 and 2015 did not lead to a decline in the level of poverty in the country within the period . He said , rather , the poverty level continued to rise, despite the recorded economic growth . “ Available data show that every region witnessed a rise in poverty incidence between 2000 and 2015 — the same period that Nigeria recorded steady growth . “ This seems to indicate that increase in economic growth does not automatically translate to decline in poverty incidence in any of the regions in Nigeria ,” Ohaka said . He pointed out that people with low education are unlikely to benefit from economic growth . He said , “Even if growth continues for the next couple of decades , some people will still not benefit from it due to their level of education that makes them unemployable . ” http://punchng.com/seast-businessmen-dont-repay-loans-bank-of-agric-laments/ 5 Likes 2 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Blue3k(m): 5:08am On Jun 01, 2017 |
These guys committing the crimes are frauds. Throw these rogues in jail. Actions like this end up hurting other borrowers by banks raising interesting rate and lending requirements. He said , “ Our (South - East ) businessmen come to the Bank of Agriculture and borrow money and they will not repay . Ps: break this into paragraphs. 36 Likes 2 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Jaideyone(m): 5:13am On Jun 01, 2017 |
fraudsters ![]() ipob fraudsters 136 Likes 11 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Davash222(m): 5:14am On Jun 01, 2017 |
Blue3k:Pls read your post again and free your mind from hate. 10 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Blue3k(m): 5:18am On Jun 01, 2017 |
Davash222: I do hate scammers. Don't defend criminals because they happen to be in your tribe or region. Thanks for the heads up but I already edited my comment. 91 Likes 3 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Nobody: 5:21am On Jun 01, 2017 |
Tribal bigots thread..... who generalizes on a whole region... what is the ratio of agric loan for south east compared to the north?... if you have loan defaulters, you go after them individually not to generalize on a region despite claiming from the article they are rich business men.. How the FTC wakes up very early just to call a people rogues tells a lot about the youth, their reasoning and their daily scale of preference.. 108 Likes 16 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Nobody: 5:22am On Jun 01, 2017 |
Indirectly saying they are not credit worthy 10 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Mynd44: 5:28am On Jun 01, 2017 |
So a rep of the bank came out to make this BS statement and for some reason, his backside was not fired and also a overhaul was not ordered into the operations of that branch? What is wrong with this country? These guys just admitted that they have not been properly doing their job when it comes to investigating those who apply for loans. How can a businessman act like a farmer to ask for a loan and you did not know? Did you have discussions with him about his plans for the farm, the different farming techniques the challenges and he aced it? Questions only a farmer will know. So someone claims to be a bean (for example) farmer and he will know how many weeks it takes a particular strain of beans to grow? Or the expected weight of a chicken at 12 weeks? Dont they go with them to their farms to do assessment and follow up assessment? So when the diversion of funds start (for farmers but got "better ideas" and decided to go into business) Have they tried people who divert such loans in court? Have they sent the EFCC after the criminal people who take loans and not pay back? What is wrong with these people? 104 Likes 11 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by new2012: 5:50am On Jun 01, 2017 |
Mynd44: Who fired you for pushing the false news on supreme court decision on PDP to front page? You were jubilating on the thread of false news- were you fired? 60 Likes 6 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by mrkings84(m): 7:32am On Jun 01, 2017 |
OK na |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Teewhy2: 7:32am On Jun 01, 2017 |
Can't say am surprised or that the man is either say the truth or not because I know that they always have issues with house owners in Lagos, when they are looking for houses they can pay for 5 years at exorbitant prices but once the rent expires don't ergo get rent from them for another 3 years. Are you building on a swampy area, want to do pile foundation /Need Roof parapet. Reduce the building load by making use of polystyrene material for your roof parapet and slab. Click below to get more information https://www.nairaland.com/3726763/alternative-building-material-expanded-polystyrene 11 Likes 1 Share
|
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by abescom: 7:32am On Jun 01, 2017 |
This will degenerate into a tribal war soon. 2 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Nobody: 7:32am On Jun 01, 2017 |
kk 1 Like
|
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by adewumiopeyemi(m): 7:32am On Jun 01, 2017 |
Na wa oo ![]() |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by samkay3g(m): 7:33am On Jun 01, 2017 |
una don start this new month 3 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Nobody: 7:33am On Jun 01, 2017 |
![]() |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by vickylincon(m): 7:33am On Jun 01, 2017 |
hmmm, I hope if these defaulters are arrested...we won't hear persecution of our tribe alone o. Case of Uba is still fresh 7 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Chanchit: 7:33am On Jun 01, 2017 |
SE! Na true? 27 Likes
|
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Naijaguy12345(m): 7:33am On Jun 01, 2017 |
They are fraud. Jumping from one fraud of a leader to another scammer named kanu, I kind of want to see how their bi*fraud country will look like. 59 Likes 1 Share |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Nobody: 7:34am On Jun 01, 2017 |
chai Igbos.. why always Dem.. is it not dose ones with d hairy cleavage? spits 47 Likes
|
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by nextprince: 7:34am On Jun 01, 2017 |
Can you imagine this rubbish? These people don't even pay tax, wtf. 12 Likes 1 Share |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Tkester: 7:34am On Jun 01, 2017 |
Just like the news that Jamb arrested over 10000 student for exam malpractice in Anambra. This news will also be debunked in coming days. I've noticed that since yesterday the Lagos-Ibadan gutter media has gone into the overdrive, trying to belittle the success of our seat at home protest, and will lay hands on any garbage they find to make it look like we are not a special people. Well, the truth is that no amount of smear campaign or even scare mongering is going to deter The spirit of Biafra that has be resurrected. People, we are Igbos and we succeed in everything we do!!!! 18 Likes 2 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by petrov10: 7:34am On Jun 01, 2017 |
new2012:lol savage |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by MoodysMood: 7:34am On Jun 01, 2017 |
Is the South East still part of the zoo? You people should wake up from your wet dreams. 1 Like |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by seanswitch(m): 7:34am On Jun 01, 2017 |
Please let's not start this month with this tribal rubbish. |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by ednut1(m): 7:34am On Jun 01, 2017 |
Dont mind them. Na otedola and adenuga dey pay abi. Dangote still dey pay bt hin brodas wey get MRS nd dat water company dey pay ![]() 1 Like |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by siie: 7:34am On Jun 01, 2017 |
I trust.. Na dem dem. füking pirates ![]() 17 Likes
|
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by profosenogoboy: 7:34am On Jun 01, 2017 |
Give me I will pay |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by slyopez(m): 7:35am On Jun 01, 2017 |
It's our money, why paying back what belongs to you. 3 Likes 1 Share |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Omeokachie: 7:35am On Jun 01, 2017 |
How many businesses are there in the South East? He didnt say. How many businesses in the South East applied for the loan? He didnt say. What percentage of businesses have so far failed to repay the loan? He didnt say. And how many have you prosecuted for breach of contract? He didnt say. All he did was make an unsubstantiated and sweeping statement that South East businesses are not repaying their loan! And some people will make some unintelligent comments based on this hogwash! Give a dog a bad name to hang it. Indeed there was a country. 20 Likes 2 Shares |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by Alitair(m): 7:35am On Jun 01, 2017 |
![]() I honestly haven't heard that banks grant loans and u a chop their money and go scot free... This one that man is saying is either a big lie or an unreasearched fact.. Plz how do I go about getting my own loan? 10 Likes |
Re: South East Businessmen Don’t Repay Loans, Bank Of Agriculture Laments by AworiLagosian: 7:35am On Jun 01, 2017 |
This one pass me o... shuoo! ![]() 7 Likes |
Contact Us For Your Logo Design, Business Card Design And Other Graphics Designs / Popular Power-line Market Aba Abia State Destroyed By Fire / Tony Elumelu & UBA Staffs In Happy In Selfies
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 36 |