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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business (269) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday (655741 Views)

SCAM ALERT: Theobarth grant disbursement / CBN’s N50bn COVID-19 Fund Disbursement June Applicants / How To Apply For NIRSAL Microfinance Bank CBN N50bn COVID-19 Loan. (2) (3) (4)

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Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Annyhot(m): 9:40am On Apr 03, 2021
adebowalepeter:
When we have failed Government & Systems definitely their must be room for embezzlement...

Since they have failed us we don’t need to fail ourselves..

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4 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 11:59am On Apr 03, 2021
Annyhot:


What exactly is in for u? I have observed that when Nigerians make legit cash, they don't like showing others the way, except their money is tied to them telling others... And they will now come out and be sounding like they are so in love with their neighbors.

I'm sure at the end, he will ask for payment to buy his package.

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by marshman293: 4:33pm On Apr 03, 2021
I accepted the offer on the 23rd and received alert yesterday of 703k instead of 750k

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 4:43pm On Apr 03, 2021
marshman293:
I accepted the offer on the 23rd and received alert yesterday of 703k instead of 750k

Don't you know NMFB takes a certain amount as processing fee? They don't pay exact approved amount.
I really don't know how much is charged as processing fee though.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 6:09pm On Apr 03, 2021
peeps4u:


Don't you know NMFB takes a certain amount as processing fee? They don't pay exact approved amount.
I really don't know how much is charged as processing fee though.



is supposed to be 1% admin charges plus 5% interest
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by jmoore(m): 7:06pm On Apr 03, 2021
peeps4u:


Don't you know NMFB takes a certain amount as processing fee? They don't pay exact approved amount.
I really don't know how much is charged as processing fee though.
Processing fee? The way some of you spread misinformation.

There is nothing like processing fee.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 8:18pm On Apr 03, 2021
jmoore:
Processing fee? The way some of you spread misinformation.
There is nothing like processing fee.
Sir, You seem to know a lot so pls educate us. What are the deductions for?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by mejai(m): 8:20pm On Apr 03, 2021
jmoore:

Processing fee? The way some of you spread misinformation.

There is nothing like processing fee.

peeps4u is right. call it anything. But u will be charged some percentage B4 disbursement. And u are paying back complete money devoid of the previous deduction made. Even ur bank loan, they will still collect %
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Annyhot(m): 9:52pm On Apr 03, 2021
mejai:
peeps4u is right. call it anything. But u will be charged some percentage B4 disbursement. And u are paying back complete money devoid of the previous deduction made. Even ur bank loan, they will still collect %
If the people that accepted the loan offer read the T&C, there won't be any need to ask this question cos the answer was stated clearly....

INTEREST RATE: 5% per annum (all-in) up till February 28th, 2021(4% one off interest will be deducted on disbursement; 1% p.a to be charged till February 2021) 9% per annum (all-in) effective March 1st, 2021 till maturity (subject to money market condition)

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 11:07pm On Apr 03, 2021
Annyhot:

If the people that accepted the loan offer read the T&C, there won't be any need to ask this question cos the answer was stated clearly....

INTEREST RATE: 5% per annum (all-in) up till February 28th, 2021(4% one off interest will be deducted on disbursement; 1% p.a to be charged till February 2021) 9% per annum (all-in) effective March 1st, 2021 till maturity (subject to money market condition)


the 9% has been extended till 1st March 2022 not 2021
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by jmoore(m): 8:58am On Apr 04, 2021
mejai:
peeps4u is right. call it anything. But u will be charged some percentage B4 disbursement. And u are paying back complete money devoid of the previous deduction made. Even ur bank loan, they will still collect %
Where did you see processing fee in any offer letter?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Mrwise016: 8:58am On Apr 04, 2021
I accepted my offer on 18th march under SME, till now no alert
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 9:32am On Apr 04, 2021
jmoore:

Where did you see processing fee in any offer letter?
Oga if you have nothing reasonable to say then shut up. You keep cancelling peoples opinion without offering your superior argument. The nomenclature may be wqrong but the fact remains that NIRSAL will take a certain percentage at the point of disbursement.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by jmoore(m): 10:21am On Apr 04, 2021
BernieLee:

Oga if you have nothing reasonable to say then shut up. You keep cancelling peoples opinion without offering your superior argument. The nomenclature may be wqrong but the fact remains that NIRSAL will take a certain percentage at the point of disbursement.

It's you that needs to shutup!!

Which superior argument are you seeking for? Just present where it is stated a processing fee is charged and you are spewing nonsense.

What's the purpose of your school if you even attended one?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 10:29am On Apr 04, 2021
jmoore:


It's you that needs to shutup!!

Which superior argument are you seeking for? Just present where it is stated a processing fee is charged and you are spewing nonsense.

What's the purpose of your school if you even attended one?
Look at this clown. You saId nothing reasonable. The time you spent replying to me and everyone is enough to give us the facts as you know it
Pls oga tell us, educate us what the deductions are for. If you cant, shut up.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 10:31am On Apr 04, 2021
jmoore:


It's you that needs to shutup!!

Which superior argument are you seeking for? Just present where it is stated a processing fee is charged and you are spewing nonsense.

What's the purpose of your school if you even attended one?
By reading through our posts, even a lay man can tell who went to school. Clown.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by traveluk: 11:34am On Apr 04, 2021
jmoore:


It's you that needs to shutup!!

Which superior argument are you seeking for? Just present where it is stated a processing fee is charged and you are spewing nonsense.

What's the purpose of your school if you even attended one?
My friend, learn to always open to correction... Banks charge 1 % processing fee and some other charges

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Ogenyipeter(m): 1:20pm On Apr 04, 2021
Same here. No alert and my account is a 3 tiar account. Don't know what could be the reason. Anyway let's see what happens this week.
Mrwise016:
I accepted my offer on 18th march under SME, till now no alert
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by jamesbridget13(f): 3:33pm On Apr 04, 2021
I think this latest update will calm some nerves.

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Sirfortune(m): 3:35pm On Apr 04, 2021
Hmmm.. make I book my space
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Jedalord: 1:46pm On Apr 05, 2021
Please how true is this news in circulation,that the disbursement of the funds have been delayed because of the anchor borrowers scheme corruption scandal,and how long would we wait till it is resolved?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Dickson25(m): 1:47pm On Apr 05, 2021
IF you applied for COVID19 SME, COVID19 HOUSEHOLD, NYIF, SURVIVAL FUND ( NOV. 2020) pls get prepared , I HEAR THE SOUND OF MASSIVE ALERTS
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 4:21pm On Apr 05, 2021
Dickson25:
IF you applied for COVID19 SME, COVID19 HOUSEHOLD, NYIF, SURVIVAL FUND ( NOV. 2020) pls get prepared , I HEAR THE SOUND OF MASSIVE ALERTS

That man has posted "I see massive alert this week" several times on his Facebook group before now and nothing happened.

He is just guessing like us. He doesn't work with CBN.


Thanks for the post though.

5 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by meetgaya: 6:06pm On Apr 05, 2021
Jedalord:
Please how true is this news in circulation,that the disbursement of the funds have been delayed because of the anchor borrowers scheme corruption scandal,and how long would we wait till it is resolved?

somebody got alert on last Saturday 3rd April
https://www./566125460753898/permalink/746554096044366/
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by jmoore(m): 12:07am On Apr 07, 2021
Anyone got approved this April?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by tboy1980(m): 12:22am On Apr 07, 2021
jmoore:
Anyone got approved this April?
None l know really but this below attached came up online

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by wallexy(m): 6:32am On Apr 07, 2021
Opera news come be news abi?...it was clear that disbursement will definitely come by.. Opera news is a clear term of peoples opinion
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by BernieLee(m): 8:11am On Apr 07, 2021
tboy1980:

None l know really but this below attached came up online
Bros if you want to upgrade educationally and mentally, pls delete that operanews off your phone. The things you will read there, written by mediocres will degrade your IQ levels.
I come in peace.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 8:20am On Apr 07, 2021
BernieLee:

Bros if you want to upgrade educationally and mentally, pls delete that operanews off your phone. The things you will read there, written by mediocres will degrade your IQ levels.
I come in peace.
No lies bruv.

2 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 8:30am On Apr 07, 2021
tboy1980:

None l know really but this below attached came up online

If CBN Governor or anyone wasn't quoted in that news, it is just a mere cooked up news.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Ouzidi77(m): 4:34pm On Apr 07, 2021
Don't know what their requirements... But a friend's wife applied this year about a month or so ago... And she has been approved and paid.. it's here in Rivers State...
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 4:47pm On Apr 07, 2021
Is this real? Are they sending the latest approvals via email?

The email quoted there seems real

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