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NIRSAL MFB Denies Alleged Misappropriation of AGSMEIS Facility

James Emejo in Abuja NIRSAL Microfinance Bank (NMFB) yesterday denied allegations that it had misappropriated the sum of N5 million loan facility under the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) with respect to a beneficiary. Specifically, the bank said the accusation that an “AGSMEIS loan of N5 million was diverted by staff of NMFB is far from the truth”. The financial institution however, reiterated its commitment to delivering services in a seamless manner for more rewarding experience for customers. In a statement issued yesterday by Head, Corporate Communications, NMFB, Halima Idris Omar, the bank described the incident in question as a, “rare case of swap of phone numbers with similar names in 2019, when full automation had not been deployed.”

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