✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

Anchor Borrowers: House of Reps summons BOA

The House of Representatives has summoned the Management of the Bank of Agriculture (BOA) to appear before it to clear issues on the Federal Government’s…

The House of Representatives has summoned the Management of the Bank of Agriculture (BOA) to appear before it to clear issues on the Federal Government’s Anchor Borrower Programme (ABP).

BOA is also asked to appear before the House Committee alongside all the farmers who took loans from the bank under the Anchor Borrower Programme.

The House Committee on Agriculture issued the summon in Kaduna on Friday when it paid an oversight visit to the headquarters of the Bank in Kaduna.

Members of the committee during the visit expressed dismay that, beneficiaries of the Anchor Borrower Programme have complained bitterly to the committee about BOA’ s handling of the ABP fund, saying that, there are about 30 petitions on the Committee’s table against BOA.

A member of the Committee and member of the House of Representatives representing Bama/Ngala/Kalabalge constituency from Borno State, Dr. Zainab Gimba raised concern that farmers from the North-East like Dili-Biu, Daru Farm, Gorea Farm, Shiltam Farm and Dr. Mohammed Dogo, were not happy with the BOA.

She pointed out that, the farmers have complained to her office and the Committee that, they were finding it difficult to access loan under ABP from BOA.

Hon. Zainab Gimba who lamented that, the BOA seems to be frustrating the Federal Government’s efforts towards resettling the people of North-East affected by the insurgency, through Agriculture, said the Bank needs to go back to its core mandate.

Responding, the Managing Director of BOA, Kabir Adamu stated that it is a total lie to say that, the bank has not been releasing fund to the farmers in the North-East, saying that, many of the farmers have taken loan in billions of Naira under the Anchor Borrower Programme without paying back.

According to him, “we are collaborating with the National Refuge Commission to help resettle those that have been displaced through Agriculture. Last year, we made donation of rice, blanket and other materials to support those people. We have also signed an MoU with North East Development Commission and agreed on key areas of mechanisation, production and so on, to see how we can support them”

Chairman of the Committee, Hon. Muntari Dandutse however said the bank should appear before it along with all its debtors, as well as those who have applied for loans and did not get it.

LEARN AFFILIATE MARKETING: Learn How to Make Money with Expertnaire Affiliate Marketing Using the Simple 3-Step Method Explained to earn $500-$1000 Per Month.
Click here to learn more.

AMAZON KDP PUBLISHING: Make $1000-$5000+ Monthly Selling Books On Amazon Even If You Are Not A Writer! Using Your Mobile Phone or Laptop.
Click here to learn more.

GHOSTWRITING SERVICES: Learn How to Make Money As a Ghostwriter $1000 or more monthly: Insider Tips to Get Started. Click here to learn more.
Click here to learn more.

SECRET OF EARNING IN CRYPTO: Discover the Secrets of Earning $100 - $2000 Every Week With Crypto & DeFi Jobs.
Click here to learn more.