TRADERMONI

Nigerian govt appeals to beneficiaries of TraderMoni, Others to repay loans

The Nigerian government has appealed to the beneficiaries of TraderMoni, FarmerMoni, MarketMoni under the Government Enterprise and Empowerment Programme (GEEP) to repay their loans in order to enable them to get a higher credit facility.

According to a disclosure on Tuesday via its Twitter account, the call followed concerns over the repayment of the empowerment funds as stipulated in the terms and condition of disbursement.

The government agency added that the repayment will make them have access to other GEEP products.

GEEP, through its verified tweet, said: “Beneficiaries are advised to repay their loan to enable them to get a higher loan, and to have access to other GEEP products.”

It also outlined practical steps for the repayment of these loans. To repay the loans, beneficiaries were urged to walk into any of the listed banks; GTB, UBA, Ecobank, Union Bank, Stanbic, Sterling, Wema, Fidelity, Heritage, and Jaiz Bank.

The beneficiaries were further instructed to report to any of the aforementioned banks, telling them that they would like to pay the BOI-GEEP loan on PayDirect.



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