SEIFAC Awaits CBN N12.5Billion in Trenches, Begs Members for calm

>SEIFAC Beg for calm, read the riot act, discourages protest

>Funds to be disbursed soonest

>Applicants warned of Scammers

SEIFAC Awaits CBN N12.5Billion in Trenches, Begs Members for calm: The National Coordinator of the Smallholder Economic Interest Farmers Agricultural Cooperative (SEIFAC), Mr. Patric Abur has pleaded with applicants to exercise more patience, as CBN finalizes the loan disbursement

This is coming at a time, when applicants are calling for protest, demanding the implementation and disbursement of the SEIFAC loan fund (CBN CBN Anchor Borrowers Program (ABP))

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N12.5Billion will be disbursed in no distant time, as the Wet season farming has begun in all parts of the country, this fund is hanging with the apex bank, and it has met all requirements to be released

Mr. Patric Abur cautioned all applicants and members of SEIFAC to be guided by the rule and regulations of the programs, stating that, all disbursement now lies with the CBN, and in no distant time, CBN will release the fund to members

Reacting if SEIFAC has met CBN Anchor Borrowers’ Program (ABP) Guideline, Mr. Patric Abur said, all guidelines are met and 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

Activities for Scammers and Fraudsters Disguised as HERITAGE BANK Representatives

In another development, all SEIFAC members are advised to be careful with the activities of fraudsters and scammers, disguising themselves as Heritage Bank representatives

SEIFAC has noticed that unidentified persons are calling its members demanding codes sent to their registered phone numbers, the management has therefore advised all members, to stay on alert and not respond to calls from scammers, demanding codes and money from you

If you have issues with your account, quickly visit your Heritage Bank brank and lay a formal complaint, SEIFAC added

SEIFAC Awaits CBN N12.5Billion in Trenches, Begs Members for calm