Nigerian Senator, Abdullahi Adamu, and 240 other individuals have been named as delinquent debtors of First Bank Plc.
The breakdown shows that Nagari Integrated Dairy Farm took a term loan on July 21, 2011. It reportedly promised to pay up on July 20, 2016. But as at now, the outstanding payment stands at over N2.1billion. Mr Abdullahi was a two-term governor of Nassarawa, a state in Nigeria’s North-Central geopolitical zone, near Abuja.He became senator after his governorship terms ended and is now into his third terms in the Senate.
Nagari Integrated Dairy Farm and Keffi Floor Mills Limited are subsidiaries of the NAGARI Group, largely owned by Mr Adamu.
It serves the bank right since they always prefer to give loans to big names in the country at negotiable interest rates while small businesses are scared away with high rates 😨
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