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Some Nigerians owing CBN N261.07bn COVID -19 loan -Report

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Some Nigerians who benefited from the Central Bank of Nigeria (CBN) and NIRSAL Microfinance Bank’s targeted credit facility (TCF) have failed to pay N261.07bn out of N419.42bn given out.

Daily Trust reports that the facility launched in April 2020 was to cushion the effects of the COVID-19 pandemic on households and SMEs.

In a document released by the CBN, it said the facility led to the creation of 1,585,872 direct and indirect jobs, contributing to Nigeria’s employment landscape.

It added that of the N419.42 billion disbursed, principal repayments amount to about N41.39 billion, with interest repayments standing at approximately N174.60 million.

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But there is a significant outstanding amount of roughly N378.03 billion, with an overdue amount of N261.07 billion, indicating that a large number of recipients have not kept up with their repayment schedules.

The document stated that each of the top beneficiaries of the loan get N2.5m for the purpose of SME finance but categorised as ‘non-performing’, indicating challenges or failures in repayment.

Only one, Centriculture Limited, has been noted as ‘performing’, with a repayment of N1m.

Some recommendations made in the document include to subsume the intervention under the Agri-Business/Small and Medium Enterprise Investment Scheme (AgSMEIS) for better management and outcomes.

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Another recommendation is developing a clear exit strategy that aligns with the outstanding balance to aid in the smooth final closure of the scheme.

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OBIO/AKPOR FEDERAL CONSTITUENCY FREE MEDICAL OUTREACH(PHOTOS)

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The month of March was a busy one at the Obio/Akpor Federal Constituency with numerous Programmes and Trainings approved and sponsored by Rep. O. K. Chinda.

The month of April is already showing signs of being busier as we have commenced a Free 3-day Medical Outreach.

Today, which is day 1, featured Health Talks and Sensitization, with some participants going home with 10kg of rice after being attended to.

The programme continues tomorrow and will include the following: –

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• Vital signs checking.
• Seeing of Doctor/optometrist.
• Laboratory/ diagnosis
• Pharmacy.

The medical outreach is anchored by Dailystar Pharmacy Nigeria Limited

“I WIN, U WIN”


From
The Media Team
Obio/Akpor Federal Constituency Office

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Security Personnel Shoots Himself Trying To Nab Suspect In Abuja

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By Kayode Sanni-Arewa

There was tension on Wednesday As vigilante operating at Dei-Dei community in Bwari Area Council of the Federal Capital Territory (FCT), Mujahid Ibrahim (32), has reportedly shot himself while trailing a suspect in the area. Abuja Metro learnt that the bullets from his rifle injured him around his feet, with at least seven cartridges extracted from his body

He was said to be awaiting x-ray results for the possibility of more cartridges in his body.

The incident took place around 12 am in the early hours of Wednesday when the victim and his colleague intercepted a resident in the neighbourhood, they were guarding for working at late hours.

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Speaking yesterday at the Kubwa General Hospital, where he was rushed to, Ibrahim said the suspect came around 12 am against the 11 pm, which was agreed upon by the members of the community.

“My colleague, who attended to him, tried in vain to make him understand the rule, but instead for him to cooperate, he resorted to violence and in an effort to scare him, I cooked my rifle pointing toward the sky. I later withdrew the rifle back to my shoulder, but forgot to pull it back and in the process of running toward him as the man was having a scuffle with my colleague, the gun fired out some bullets that hit me around my feet,’’ he said

Also speaking, his colleague, who accompanied him to the hospital, Ben Isaac, said following the incident, the resident in question disappeared but his elder brother has taken all the responsibilities including the treatment charges.

He added that a 24- hour warning was issued to him to appear or get arrested.

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Just in: INEC dumps recall petition against Sen Natasha

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The Independent National Electoral Commission,( INEC) has rejected the petition to recall the Senator representing Kogi Central, Natasha Akpoti-Uduaghan, inadequate.

The electoral umpire via its 𝕏 handle on Thursday, April 3, 2025, made this known in a terse statement where it disclosed that the group, who initiated the process did not meet the requirements of the constitution.

INEC in a tweet on its ‘X’ handle said; “The petition for the recall of the Senator representing the Kogi Central Senatorial District has not met the requirement of Section 69(a) of the Constitution of the Federal Republic of Nigeria 1999 (as amended)”.

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