NO FEE CHARGED ON COVID-19 LOAN APPLICATIONS -CBN

NO FEE CHARGED ON COVID-19 LOAN APPLICATIONS -CBN

April 16, 2020 Business
The Central Bank of Nigeria says the apex bank does not charge any fee on COVID-19 loan applications as claimed in false reports circulated on social media.



That is according to the Director of Corporate Communications Department of the CBN, Isaac Okorafor, in a fresh statement.

Mr Okorafor explained that procedures for accessing the N50 billion Targeted Credit Facility stimulus package for households and Micro, Small and Medium Enterprises affected by the pandemic were clearly spelt out.



He advised Prospective applicants to approach NIRSAL Micro Finance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the bank’s related loans.

It also noted that any observed irregularity should be reported to the Consumer Protection department of the CBN.

Comments

Post a Comment

Popular posts from this blog

Lawmaker distributes palliatives

Lawmaker distributes palliatives April 17, 2020 Deputy Speaker of House of Representatives Ahmed Idris Wase has commenced distribution of foodstuff to the less privileged in 20 wards of Wase federal constituency of Plateau State. His Chief Press Secretary, Umar Mohammed Puma, said in a statement that the move was part of measures to cushion effects of the lockdown caused by the coronavirus pandemic. Puma said the distribution, which commenced in all 20 wards, witnessed the despatching of items to wards for distribution to households. He noted that Wase said the food items were distributed without discrimination.
Read more

Virus pandemic spread to all states likely, NCDC warns

Image
Virus pandemic spread to all states likely, NCDC warns April 17, 2020 States yet to have coronavirus pandemic cases should brace for it, the Nigeria Centre for Disease Control (NCDC) has warned. The Presidential Task Force on COVID-19 also on Thursday said community transmission of the virus is now prevalent, caused mainly by people making inter-state travels. National coordinator of PTF, Dr. Sani Aliyu, said: “We have noticed that community spread is now being traced to people traveling across state borders. We need to try and restrict our movement in order to stop the spread of this Coronavirus infection, this is particularly pertinent with regards to the news of people being smuggled in trucks out of Lagos.” The virus has spread to 19 states and the Federal Capital Territory (Abuja) – 17 states are so far free of the virus since the index case in the country – the Italian who travelled from Milan – on February 27. The 14 COVID-19-free states include: Bayelsa, Cross...
Read more

COVID-19 funds:peter obi sends message to Buhari govt

Image
COVID-19 funds: Peter Obi sends message to Buhari govt April 17, 2020 The vice presidential candidate of the Peoples Democratic Party, PDP, in the 2019 general elections, Peter Obi has demanded accountability from the Federal Government and agencies in handling the COVID-19 funds. The former Anambra State governor said that the government must carry Nigerians along on how donations were being received and put to use. Many individuals, religious organizations and unions and agencies have made contributions to the Federal government to help in the fight against Coronavirus. Most recently, the European Union made a donation of €50 million to the Nigerian government to help the fight against the spread of the deadly coronavirus disease. “It is essential that the government and concerned agencies remain accountable in the usage of funds raised to combat #COVID19 in Nigeria. “In essence, Nigerians should be carried along on the inflow and outflow of #COVID19 funds – as ...
Read more