NIRSAL Microfinance Bank (NMFB) has issued a formal rebuttal against misleading reports claiming the bank disbursed ₦215 billion in Anchors Borrowers Programme interventions.
A statement by the Microfinance Bank disclosed: “The correct figure, as verified by the bank’s records and which the Bank has shared during public sessions, is ₦51 billion—a significant discrepancy that demands public correction”.
It added that 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. We urge the public and press to disregard the inaccurate reports.”
NMFB emphasized the importance of fact-checking in financial reporting, calling on the affected 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.
The clarification, according to the bank aims to preserve transparency and trust in NMFB’s role in Nigeria’s financial intervention management programmes.
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