The beneficiaries further alleged that some vendors deliver products that are not commensurate with the approved loan by the bank.

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The Nirsal Microfinance Bank is concerned about the safety and welfare of the people had also warned applicants of CBN Intervention Loan Programmes that it does not request money at any time in the disbursement of approved loans to the beneficiaries.

NMFB alerted that such dubious intentions should be reported to the bank, assuring that appropriate action would be taken to guard against imposters who may wish to defraud applicants in the name of the bank.

NIB Loan Update: Dubious NIB Vendors To Face Punishment – NMFB