The Economic and Financial Crimes Commission (EFCC) in Kaduna state says it has recovered N102 million diverted from the Bank of Agriculture (BOA) in the state. The funds were said to have been diverted by beneficiaries of the Central Bank of Nigeria (CBN) Anchor Borrowers Programme, disbursed by BOA.
According to the commission’s spokesman, Wilson Uwujaren, so far N297 million has been recovered in favour of BOA in Kaduna and Kebbi states.
The Head of Operations of the Kaduna office, Ibrahim Bappa, formally presented a bank draft for the N102 million to one Mohammed Babangida, who represented the BOA Managing Director. Bappa assured the bank that the EFCC would continue to assist it in the discharge of its statutory duties.
He, however, decried the worrisome trend in which beneficiaries of the scheme diverted the funds, and urged the BOA to ensure proper orientation before loans were disbursed.
