Mariam Abeeb
NIRSAL Microfinance Bank (NMFB) has debunked the reports suggesting that it disbursed the sum of N215 billion under the Anchors Borrowers Programme (ABP), initiated by the Central Bank of Nigeria (CBN).
In a statement, the bank explained that the correct figure, as verified by the bank’s records and which the Bank has shared during public sessions, is N51 billion.
It noted that the recent media coverage erroneously inflated NMFB’s disbursement totals, potentially causing confusion among stakeholders.
NMFB emphasized 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., distinct entities with separate operations.
“For the avoidance of doubt, our verified Anchors Borrowers Programme (ABP) intervention loan disbursements stand at N51 billion, not N215 billion,” the bank stated, urging the public and press to disregard the inaccurate reports.”
“Media professionals must exercise due diligence to avoid misleading the public,” the bank added.
The clarification, it said, aims to preserve transparency and trust in NMFB’s role in Nigeria’s financial intervention management programmes.MFB emphasized the importance of fact-checking in financial reporting, calling on journalists to confirm figures with the bank before publication.
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