Cbn coronavirus loan Disbursement – Nirsal Bank warns against fraud

Following the recent disbursement of funds to applicants of the CBN 50bn COVID-19 TCF Loan, attention of the Management of NIRSAL Microfinance Bank (NMFB) has been drawn to various messages, requesting for “Processing Fee” or “Technical Support Fee” from successful applicants.

Management of NIRSAL Microfinance Bank (NMFB) wish to categorically state that the bank is not in partnership with any third party on the said Targeted Credit Facility and are not aware of any such partnerships.

Applicants under the CBN Covid-19 Targeted Credit Facility were required to go through the application process directly via the bank’s online portal and are not required by the bank to fill any other forms or provide any other information to any other party outside what is stipulated on the NMFB website. In this regard, disbursement is also carried out directly to the applicant and not via any third party. NIRSAL Microfinance Bank (NMFB) will not be responsible for any losses as a result of failure to heed this warning.
Nirsal Microfinance Bank, Your True SME Partner.

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