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Just In: CBN Recovers N3.7trn Intervention Funds 

Recipients of different Central Bank of Nigeria (CBN) intercession plans have re-paid a sum of N3.7 trillion out of the N9. 3 trillion dispensed over the most recent four years.

The Overseer of the Improvement Money Branch of the bank, Mr Yusuf Yila, uncovered this at a press preparation in Abuja, today.

According to him, a total of N5. 3 trillion of the intervention funds was not yet due for repayment.

He said that the apex bank would slow down intervention schemes, with it’s new move to curtail the inflationary trends.

Mr..Yila insisted that all beneficiaries of CBN intervention schemes must pay back their loans, as according to him, they were not grants.

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