The House of Representatives is to investigate the non-recovery of over N81.502 billion disbursed as part of the Anchor Borrower Programme launched by the federal government in November 2015.
Ogun said it is on record that in line with its mandate, the Central Bank of Nigeria established the Anchor Borrowers’ Programme with the intent to create a linkage between anchor companies involved in processing and the Small Holder Farmers of key agricultural commodities. The lawmaker informed the House that out of the N104,226,956,985.10 provided by the CBN for the Scheme, a total of N86,634,165,880.59 was disbursed to the Anchor companies with the sum of N81, 502,322,030.31 is yet to be recovered from the defaulting Anchor companies.
Source: Loan Digest (loandigest.net)
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