 has refuted misleading reports claiming the bank disbursed ₦215 billion in the loan disbursement){kind=link}
NIRSAL Microfinance Bank (NMFB) has refuted misleading reports claiming the bank disbursed ₦215 billion in the Anchors Borrowers Programme interventions.
The Bank in a statement said the correct figure, as verified by the bank’s records and which it has shared during public sessions, is ₦51 billion, a significant discrepancy that demands public correction.
Recent media coverage erroneously inflated NMFB’s disbursement totals, potentially causing confusion among stakeholders.
“For the avoidance of doubt, our verified Anchors Borrowers Programme (ABP) intervention loan disbursements stand at ₦51 billion, not ₦215 billion,” the bank stated. “We urge the public and press to disregard the inaccurate reports.”
NMFB emphasised the importance of fact-checking in financial reporting, calling on journalists to confirm figures with the bank before publication.
The notice also addressed recurring confusion between NIRSAL Microfinance Bank and NIRSAL Plc., noting they are distinct entities with separate operations.
“Media professionals must exercise due diligence to avoid misleading the public,”the bank added.
The clarification aims to preserve transparency and trust in NMFB’s role in Nigeria’s financial intervention management programmes.
Hauwa Abu