CBN denies suing rice farmers in Kebbi over unpaid loan

The Central Bank of Nigeria has scrambled a denial to a media report that the federal government sued many of the 70,000 rice farmers for failing to pay back N17 billion loan under the Anchor Borrowers’ Programme.

The bank’s spokesperson, Isaac Okorafor, told PREMIUM TIMES on Thursday that the report that 70,000 farmers in Kebbi have refused to pay back the ABP loans was “false and misleading.”

Mr Okorafor was reacting to the report by Daily Trust newspaper where the chairman of the Kebbi State chapter of the Rice Farmer Association of Nigeria (RIFAN), Muhammed Augie, claimed that of the 70,000 farmers that benefited from the ABP loans in 2015, only about 200 farmers were able to repay their loans.

He recalled that before the launch of the programme in 2015, the state’s…

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