NIRSAL Microfinance Bank @NirsalMFB, an agency of the
Central Bank of Nigeria @cenbank, is demanding a payment of N10,000 from applicants for a loan facility it claims was designed to support households and SMEs hard hit by COVID-19, with up to N3m and N25m respectively.
1/3

2/3 You know people’s businesses have been ruined by this virus and you still want them to pay? This cannot be right!

One interesting thing about this payment demand is that it was made midway through the application process...

3/3 — not at the start — which means applicants who are too broke to pay will not be moved to the next stage.

And this is supposed to be a N50bn intervention. So why did you come up with it in the first place?