Mixed reaction trails CBN COVID-19 loan repayment

NIGERIANS have been going on Twitter to slam available repayment plans for of COVID-19 loans secured by many entrepreneurs across Nigeria through the Central Bank of Nigeria’s (CBN) Targeted Credit Facility (TCF).

  The tweet storm started when management of NIRSAL Microfinance Bank requested for the payback through the financial institution its Twitter handle.

  Vending their displeasure through tweets, some describe the process as complex while others call it anti-masses. But some simply admitted not having the means to pay back the loans.

  A Twitter user, Abdulrasheed Ibrahim with the handle, @Abdulra19898072 made some claims that are hard to verify but his comment had the most interactions.

  “@cenbank I don’t think many people have the means of paying, coz those that want to do business were not the ones given the loan, rather, some of your staff collected% from individual and randomly disbursing to those that will buy iPhones,” he said.

  Ibrahim’s comment was, however, countered by one Omowole Tope who claims he got his loan and didn’t have to give any percentage to NIRSAL official.