1.1trn Loan: TOP 10 ANCHOR BORROWERS’ BENEFICIARIES UNDER BUHARI (2015-2022)
1 🔴Kaduna: ₦139.9b
2 🟠Niger: ₦61.8b
3 🔴Kano: ₦58.2b
4 🔴Sokoto: ₦49.3b
5 🔴Jigawa: ₦48.1b
6 🔴Kebbi: ₦42.6b
7 🔴Katsina: ₦42.5b
8 ⚫Borno: ₦36.5b
9 ⚫Gombe: ₦36.1b
10 🔴Zamfara: ₦34.5b
Findings by the newspaper show that out of the N1.1 trillion disbursed by the CBN to the beneficiaries of the ABS since its inception, only a little above N546 billion has been repaid while a whopping balance of N577 billion remains unaccounted for.
Saturday Vanguard learnt that at a meeting with security agencies in Abuja, the president was very upset when he was told that one of the CBN’s subsidiaries was among the defaulting banks, holding up vital cash that was meant for farmers to improve their production and ensure food security in the country.