The N1.079trillion given as loans to farmers under the Anchor Borrowers Programme was part of the N30trillion given as overdraft to ex-President Muhammadu Buhari-led administration by the CBN from 2015 to 2023.
Speaking to newsmen, Isah said: “They defaulted and why do they default. You can’t restructure the loan forever. You can go after the collateral; you must up your games. We need to recover these monies. We can’t continue to restructure forever.“For those that have defaulted, I suggest that we put a peg on the interest. Our focus should be on the principal. On that, those loans must have been guaranteed by the banks.
“It saddens my heart to answer questions on things we don’t know. But we inherited both assets and liability. Things could have been done better.”
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