Monday, 31 October 2016

Empowerment Aim Defeated In Katsina; As Only 5% Loan Beneficiaries Repaid their Respective Loan

The department of economic and empowerment directorate has disclosed that only 5%  of the beneficiaries of the interest free loan in Katsina have repaid back their loan.
While speaking during a stakeholder’s meeting, Alh Abdulkadir Nasir confirmed this to representatives of Central Bank of Nigeria, Traders Union, & Heads of Micro Finance Banks.
He said the loan was aimed to benefit over 500,000 beneficiaries across the state and that the objective of the empowerment has been defeated.
The Special Adviser, later on disclosed that they have employed the services of a legal practitioner to deal with beneficiaries that failed to pay back the loan.
Cliqq Magazine
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