CBN denies charging small businesses #10.000 for Covid-19 loan Application
The Central bank of Nigeria (CBN) has denied charging small businesses ten thousand naira (#10.000) for cushion to effect of Covid-19 as application processing fees.
Read Sahara reporters statement and evidence below….
Sahara reporters can confirm that NIRSAL Microfinance Bank, administrator of the loan for the CBN, is charging N10,000 for what it described as a “business plan link” compulsory for all applicants if they want their entries reviewed.
The CBN’s Director of Corporate Communications, Isaac Okorafor, on Monday said the apex bank would not demand money from anybody and urged customers with complaints to report to its consumer protection department.
The CBN statement reads “The attention of CBN has again been drawn to false reports on the social media that loan seekers and owners of small scale businesses who apply for loans provided to cushion the effects of COVID-19 are required to pay a certain amount as application processing fees.
“CBN urges members of the public to disregard any message requiring them to pay any amount to process their applications.
“Prospective applicants are advised to approach NIRSAL Micro Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the bank’s related loans.
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