COVID-19 loan applications free, says CBN

The Central Bank of Nigeria (CBN) on Monday said application for COVID-19 loan applications are free.

In a statement signed by its Director of corporate Communications, Isaac Okorafor, CBN said it had receivedreports in the social media circles that loan seekers and owners of small-scale businesses who apply for loans provided to cushion the effects of COVID-19 are required to pay a certain amount as application processing fee.

“For the avoidance of doubt, there are clearly spelt out procedures for accessing the N50 billion Targeted Credit Facility (TCF) stimulus package to support households and micro, small and medium enterprises (MSMEs) affected by the COVID-19 pandemic, which are disbursed through the NIRSAL Microfinance Bank (NMFB).

“Members of the public, particularly households and owners of small-scale businesses, are therefore advised to disregard any message requiring them to pay any amount to process their applications,” the statement said.

It urged prospective applicants to approach NIRSAL Microfinance Bank or the CBN branch nearest to them for clarification on the procedure for accessing any of the CBN-related loans.

It also advised members of the public to report any observed irregularities to its Consumer Protection Department.

YOU SHOULD NOT MISS THESE HEADLINES FROM NIGERIAN TRIBUNE

Buy and read digital replicas of your TRIBUNE titles by subscribing through E-VENDING

We Understand The Need For Lockdown Extension, But Palliative Not Well Handled, Says Afenifere
Pan-Yoruba sociopolitical group, Afenifere, on Monday said it understood the need to extend the lockdown occasioned by the COVID-19 pandemic as announced by President Muhammadu Buhari in his nationwide broadcast, but quickly expressed worries about the continuation of the palliatives promised by him as the stimulus… Read full story

COVID-19: FG Working On Comprehensive Package For Health Workers
The Federal Government, through the Presidential Task Force (PTF) on COVID-19, is already working on a comprehensive package for health workers in the frontline of the battle against COVID-19 pandemic, the Minister of Health, Dr Osagie Ehanire, said on Monday… Read full story

COVID-19 Loan Applications Free, Says CBN
The Central Bank of Nigeria (CBN) on Monday said application for COVID-19 loan applications are free. In a statement signed by its Director of corporate Communications, Isaac Okorafor, CBN said it had receivedreports in the social media circles that loan seekers and owners of small-scale businesses who apply for loans provided to… Read full story

COVID-19: Nigeria Not On IMF’s Debt Service Relief List
The International Monetary Fund (IMF) on Monday announced debt service relief to 25 countries most of them in Africa to cushion the effects of COVID-19. Nigeria is not on the list. A statement issued by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF) which contained… Read full story