Banking & Finance

Stanbic IBTC Bank Refutes Multi-million Agric Scam Claims

Our attention has been drawn to an article where Stanbic IBTC Bank was mentioned, insinuating that Stanbic IBTC Bank was part of a “scam” reported in an article titled “SHOCKING – How BVN, Other Details of Farmers Seeking Loans Under CBN Scheme Were Used To Steal Multi-Million Naira From Government Coffers”.

READ: How To Apply For CBN Agric Loan – AGSMEIS Loan | Agric Loan Without Collateral

Kindly note that Stanbic IBTC Bank only acted on the instructions of NIRSAL Microfinance Bank in respect of all their Anchor Borrowers Programme (ABP) related transactions at the time.

READ: Stanbic IBTC Holds 5th Youth Leadership Series

Stanbic IBTC never received any CBN Anchor Borrowers Programme (ABP) funds whatsoever on behalf of either Evergreen Cooperative Agro company and/or any of its promoters.

Advertisement

Stanbic IBTC Bank remains very committed to strong ethics, values, governance and is dedicated to always doing the right business the right way.

READ: IWD 2022: DLM Capital Group Lends To Break The Bias With Ibukun Awosika (Photos)

Facebook Comments
Brand News Day

Recent Posts

Stanbic IBTC PMI: Business Activity Rises For First Time In Six Months

There were tentative signs of improvement in the Nigerian private sector during the final month…

3 weeks ago

Stanbic IBTC Insurance Limited Passes Audit Certification; Reinforces Commitment To Excellence And Transparency

Stanbic IBTC Insurance Limited, a subsidiary of Stanbic IBTC Holdings and a leading life insurance…

3 weeks ago

BREAKING: Jeju Air Plane Crash Leaves Over 149 People Dead In Korea [Video]

It is a black Sunday in South Korea as the Jeju Air Plane Crash news hits…

3 weeks ago

Black Market Dollar To Naira Exchange Rate In Lagos, FCT, 29 December 2024

Black Market Dollar To Naira Exchange Rate Today In Lagos, FCT, 29 December 2024. BrandNewsDay…

3 weeks ago

Digital Payments Ecosystem Requires Robust Collaboration- TeamApt Ltd CEO, Ajalie

TeamApt Ltd’s Managing Director, Dennis Ajalie, has said that fintech companies and banks play very…

3 weeks ago

Stanbic IBTC Bank Leads In Capital Importation, Achieving 28.30% Foreign Inflows In 2024

In a remarkable demonstration of resilience and strategic adaptation, Stanbic IBTC Bank, a member of…

3 weeks ago

This website uses cookies.