• N17.2bn loan: NERFUND to drag clients to ICPC, EFCC

    N17.2bn loan: NERFUND to drag clients to ICPC, EFCC

    National Economic Reconstruction Fund, NERFUND, is considering enlisting the services of the anti-graft agencies -Independent Corrupt Practices and Other Related Offences Commission, ICPC, Economic and Financial Crimes, EFCC, in the recovery of the over N17.2bn non-performing loan.

    About 1,143 projects, mainly in SMEs and micro categories funded between 2010 and 2013, are said to have been involved in the N17.2bn loan portfolio.

    Acting Managing Director of the development finance institution, Dr. Ezekiel Oseni, disclosed this in Abuja yesterday after a meeting with […]