NIRSAL) on Monday raised the alarm over the activities of scammers posing as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 Targeted Credit Facility (TCF) or the Agri-Business Small and Medium Enterprises Investment Scheme (AGSMEIS) loan.

NIRSAL Microfinance Bank in a statement cautioned the public against falling prey to such people because the COVID-19 Targeted Credit Facility being disbursed by NMFB on behalf of the Central Bank of Nigeria is a loan and not a grant which beneficiaries must pay back with interest.
“We also wish to inform the general public who may have been scammed by these unscrupulous people to lodge a complaint on our Whistleblowing portal by sending us an email on [email protected]
The Central Bank of Nigeria (CBN) unveiled an initial N50 billion target credit facility for households and small and medium enterprises hit by the COVID-19 pestilence last year.
The loan was through the NIRSAL Microfinance Bank.
Following its success, the apex bank unveiled another N50 billion for the same purpose.









