Nigeria: Reps probe CBN’s N1.12trn anchor borrowers scheme, NIRSAL’s N215b loan — Africa Links 24

The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria, CBN.

Also included in the probe is the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending, NIRSAL, the Bank of Industry, BoI, and other agencies.

The resolution followed the adoption of a motion by Rep. Chike Okafor (APC-Imo) on the floor of the House in…