General announcement to all those who received Government Loan.
The central bank of Nigeria CBN adopt Global standing instruction which means they should deduct money directly from your bank account.
If you’re among those who received loans from government and you didn’t payback you should know that the CBN adopt Global standing instruction that they’ll deduct your money directly if you have it in the account.
Some people who received Nirsal microfinance loan refuse to pay back but now they deduct the money.
So if you collect one of the government loan and you’re yet to pay back remember if you deposit money they will deduct it.
We strongly advise you to payback because the CBN will redesign the money paper and you must save your money in your bank account before the end of December failure to save your money in bank will lead to loses of your money and you must pay only if you don’t choice to use any bank since you must use BVN for any bank that you will use.
Wish you best of luck