House of Representatives Committee on Agriculture has summoned the Management of the Bank of Agriculture , Kaduna, to clear issues on the bank’s inability to recover the N81 billion loan disbursed to farmers under the CBN Anchor Borrowers Programme .
According to him the bank should also submit it’s audited account and the amount it recovered from the farmers. Dandutse, however, said the committee in particular and the National Assembly was determined to engage stakeholders including CBN on measures to recover outstanding loans from the N81 billion said to have been disbursed.
Gimba listed commercial farmers including “Dili Daru Farms, Gorea Farms, Shiltam Farms and Dr. Mohammed Dogo among those who expressed concern with the way the bank handled the funds. However, Mr. Kabir Adamu, Managing Director of the bank, while addressing the committee disclosed that farmers in the North-East region were major beneficiaries of the loans.
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