Hope Rekindled as CBN, EFCC, Police Grill SEIFAC Loan Program 2022

Hope Rekindled as CBN, EFCC, Police Grill SEIFAC Loan Program 2022: Hope is rekindled as the CBN, EFCC, Police Grill SEIFAC Loan Program organizer, the CBN, and EFCC are now fully aware of the activities of the Smallholder Economic Interest Farmers Agricultural Cooperative (SEIFAC)

The CBN, EFCC, and the police will be dully informed to investigate many issues and concerns surrounding the SIEFAc program, applicants are encouraged not to take the law into their own hands but to wait for the authorities to investigate financial irregularities in the program

The SEIFAC loan program has come under heavy fire as applicants and management are asking a series of questions. The National Chairman of SEIFAC has denied requesting applicants to open accounts with Heritage and Zenith Banks, MR Velrem, outrightly has not authorized applicants to open or pay money to the said banks

this is coming at a time, when applicants are complaining and waiting for the Seifac promised loan, after opening accounts with the two banks

Thousands of applicants have spent up to 4,000 naira each to open and process the bank account and ATM fees, culminating in millions of naira. This account is not authorized by the founder and chairman of SEIFAC, Mr. Velrem Turough

SEIFAc applicants want the law enforcement agency and the EFCC to investigate and bring to book whoever is found wanting regarding the opening of an account. there is planned strike action to express concern over these issues and applicants have prepared themselves, informing the Police and other sister security agencies

The management and 36 States coordinators of SEIFAC loan, has called on all applicants to remain calm and be focused as CBN gives directive and process the loan request from SEIFAC.

The Founder and Chairman no SEIFAC has claimed that all guidelines about the disbursement is over 90% complete

“SEIFAC has completed and implemented CBN’s APB guidelines for N5B Loan Disbursement. All is set for CBN to relate APB plans and release funds for the APB program which SEIFAC is a boni-fade and formidable cluster

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Applicants have vowed to express their concern via public protest, but the management of the SEIFAC loan is asking for more time to look into the situation.

Hope Rekindled as CBN, EFCC, Police Grill SEIFAC Loan Program 2022