The Central Bank of Nigeria (CBN), yesterday, denied reports making the rounds on social media that it is charging customers on COVID-19 loan applications.
This was contained in a statement by the CBN’s Director of Corporate Communications Department, Isaac Okorafor.
According to Okorafor, procedures for accessing the N50 billion Targeted Credit Facility (TCF) stimulus package for households and Micro, Small and Medium Enterprises affected by the pandemic were clearly spelt out.
The statement reads:
“The attention of the Central Bank of Nigeria (CBN) has again been drawn to false reports on 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 fees.CBN urges members of the public to disregard any message requiring them to pay any amount to process their applications.
“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.
“Prospective applicants are advised 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.
“Any observed irregularities should be reported to the Consumer Protection department of the CBN via email@example.com or call 07002255226.”
See the statement: