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CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday - Business (144) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday (656771 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 bashir4063: 10:41pm On Nov 20, 2020
Congrant am really happy uptil now my own is stil showing bvn dose nt exist for the past 5month now waiting person go do now my brother
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by makonko(m): 10:45pm On Nov 20, 2020
If anybody can link me up to get fast approval i will give a certain percentage.

SEND PM
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ArewaWife(m): 10:53pm On Nov 20, 2020
makonko:
If anybody can link me up to get fast approval i will give a certain percentage.

SEND PM

You will attract scammers out of desperation

5 Likes

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Osaro4u2k(m): 11:02pm On Nov 20, 2020
Fibonacci88:
Just got credit alert this night o..was approved day B4 yesterday. I just filled account details thinking na next month Dem go credit me grin
Congratulations, I tap into the blessings of quick alert....
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by makonko(m): 11:06pm On Nov 20, 2020
ArewaWife:


You will attract scammers out of desperation

Let them come.

I'm not really that desperate. I applied since April and i've not been making noise here as you can see grin
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Fibonacci88: 11:11pm On Nov 20, 2020
Osaro4u2k:

Congratulations, I tap into the blessings of quick alert....
Thanks..very surprised to see d alert less than 48hrs

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by bashir4063: 11:15pm On Nov 20, 2020
Wht do we do for dose of us dt have been showing bvn dose nt exist for the past 5month 'are we really going to be aprove bcz we are tired of waiting
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Osaro4u2k(m): 11:23pm On Nov 20, 2020
bashir4063:
Wht do we do for dose of us dt have been showing bvn dose nt exist for the past 5month 'are we really going to be aprove bcz we are tired of waiting
Don't get tired please. I was like you until yesterday morning when I decided to check and to my greatest surprise it was approved. Your hope full pass �. Keep checking...
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by bashir4063: 11:28pm On Nov 20, 2020
Tanx bro but almost 5 month nah fa 'how many month did ur own spend b4 aproving
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Ewizard(m): 11:55pm On Nov 20, 2020
Omo, bin following since quietly.
Have bin checking that link since with my BVN.
Lo and Behold diz nyt after goin tru diz thread, i say mek i do my normal checking routine.
400k approved (applied for 1million), checked my friends own 700k approved(she applied 1.5million)
e be like film tricks oo.
we both applied 21st june.
remaining my mum and two oda siblings who i also applied for same day.
You all keep the hope alive.
e go reach everybodi.

3 Likes 1 Share

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Ewizard(m): 12:09am On Nov 21, 2020
Some highlights of the T and C's.
I know most of you all jus clicked i approved without reading.
since i checked mine on my PC and got approved, i quickly copied the T&C's and paste on Ms Word to peruse later.

HIGHLIGHTS

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)

REPAYMENT STRUCTURE: Fixed amount per month (covering both principal and interest) TENOR: 12 months from Disbursement Date.

MORATORIUM: 3 months moratorium on both principal & interest COLLATERAL: 1. Acceptable 3rd Party Guarantor OR 2. Moveable Assets OR 3. Simple deposit of Title documents. (Valued at least 70% of the loan amount for 2&3)
The above is in contrast with the approval i got in dat image above, but who cares we move!


The Borrower consents that the Bank shall, without notice or demand, apply any credit balance (whether then due), to which the borrower is at the time beneficially entitled to in any account with the Bank and/or with any other bank/other financial institutions, in (or towards satisfaction of any sum then due and payable (but unpaid) by the Borrower to the Bank under this Agreement.

b. Sequel to the Borrower’s aforesaid application, the Bank offered the Borrower a Term loan facility of ₦ 400,000 vide a letter titled ‘OFFER OF HOUSEHOLD TERM LOAN FACILITY ‘(COVID-19 TCF)’ and dated 29TH April, 2020, on the terms and conditions specified therein.
They also lied on the date here. but we still move grin

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by peeps4u: 5:42am On Nov 21, 2020
I think last week, people who applied less than a million were mostly approved, seems they have started attending to above a million naira now.

Ewizard:
Omo, bin following since quietly.
Have bin checking that link since with my BVN.
Lo and Behold diz nyt after goin tru diz thread, i say mek i do my normal checking routine.
400k approved (applied for 1million), checked my friends own 700k approved(she applied 1.5million)
e be like film tricks oo.
we both applied 21st june.
remaining my mum and two oda siblings who i also applied for same day.
You all keep the hope alive.
e go reach everybodi.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by SADYBABA(f): 5:57am On Nov 21, 2020
favex:
Wow! I just got an approval of N400,000. A very big thanks to everyone for your words of encouragement. Honestly, I had forgotten about this stuff but this thread kept giving me hope that one day my approval will come after series of "Your BVN doesn't exist".
is yours sme or HOUSEHOLD and how much did you apply for?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by samazagudu(m): 7:06am On Nov 21, 2020
Help .....!!! brothers and sisters of this beautiful nairaland forum, my friend got approved of #250,000 but the problem is that, he put his name instead of a bank name and click on accept. now what is way out of this case. thanks
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by osahonmk(m): 7:59am On Nov 21, 2020
samazagudu:
Help .....!!! brothers and sisters of this beautiful nairaland forum, my friend got approved of #250,000 but the problem is that, he put his name instead of a bank name and click on accept. now what is way out of this case. thanks
I did the same mistake too, not to worry they will resend another link to correct that.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by samazagudu(m): 8:09am On Nov 21, 2020
osahonmk:
I did the same mistake too, not to worry they will resend another link to correct that.
thank you for making our BP relax.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by FatimaMK: 8:12am On Nov 21, 2020
Did my update this week Thursday and what I observed at the stage of entering my account number is a drop down menu where I only select my bank from the list of available Banks. I wasn't typed any bank name. I only select my bank. It was only my account number I typed. Don't know when you have done your own sir.
samazagudu:
Help .....!!! brothers and sisters of this beautiful nairaland forum, my friend got approved of #250,000 but the problem is that, he put his name instead of a bank name and click on accept. now what is way out of this case. thanks
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Eray(f): 8:18am On Nov 21, 2020
Seems am the only one left who got approval message on the 16th of October and has not been paid. Its over a month now, will I still be paid so?
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by promisedwealth(m): 8:25am On Nov 21, 2020
samazagudu:
Help .....!!! brothers and sisters of this beautiful nairaland forum, my friend got approved of #250,000 but the problem is that, he put his name instead of a bank name and click on accept. now what is way out of this case. thanks
Go back and check the last 4 pages follow the exact instruction by Viking007 use the backlink input ur bvn then edit your bank name, it works wonders Thanks to viking007 for that important update.

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by favex: 8:43am On Nov 21, 2020
SADYBABA:
is yours sme or HOUSEHOLD and how much did you apply for?

Mine was Household and I think I applied within the range of 800k to 1million cos I can't really figure out exactly.
Thanks
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Viking007(m): 8:49am On Nov 21, 2020
promisedwealth:
Go back and check the last 4 pages follow the exact instruction by Viking007 use the backlink input ur bvn then edit your bank name, it works wonders Thanks to viking007 for that important update.
sad
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by bashir4063: 8:54am On Nov 21, 2020
Morning my freinds plz why are dey nt sending aproval to dose wit whose bvn start with 22-is it state by state or by serial number of bvn or by batch
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ojeshola: 9:23am On Nov 21, 2020
bashir4063:
Morning my freinds plz why are dey nt sending aproval to dose wit whose bvn start with 22-is it state by state or by serial number of bvn or by batch

Nobody knows braa
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by bashir4063: 9:30am On Nov 21, 2020
Are we stil going to recieved the aprove bcz this year wil soon run out we need to protest on their website oooo
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 11:45am On Nov 21, 2020
How am I getting to know about this Is the application closed
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by cryles(m): 12:23pm On Nov 21, 2020
Jay95:
How am I getting to know about this Is the application closed
It closed
I also missed this
I don't know why and am always on NL

1 Like

Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Nobody: 1:12pm On Nov 21, 2020
cryles:

It closed
I also missed this
I don't know why and am always on NL
Now I am Sad cry
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by citizenjim: 1:13pm On Nov 21, 2020
Kabiyesi, Arewawife, Stacyadams, I applied 23rd of june, still waiting for approval. Any update(s) as people are getting approval? smiley
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by ArewaWife(m): 1:16pm On Nov 21, 2020
citizenjim:
Kabiyesi, Arewawife, Stacyadams, I applied 23rd of june, still waiting for approval. Any update(s) as people are getting approval? smiley

More approvals are coming in. I myself applied 2 times. 10 and 13 june. I haven't been approved yet. It's the application o did for a sibling that was disbursed. Just occasionally keep checking the website.
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by Rosebell(f): 1:20pm On Nov 21, 2020
citizenjim:
Kabiyesi, Arewawife, Stacyadams, I applied 23rd of june, still waiting for approval. Any update(s) as people are getting approval? smiley
Don't wait for approval click on the link and try updating your bvn
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by stacyadams: 1:30pm On Nov 21, 2020
citizenjim:
Kabiyesi, Arewawife, Stacyadams, I applied 23rd of june, still waiting for approval. Any update(s) as people are getting approval? smiley

Ur approval go show...hope full ground
Re: CBN’s N50bn COVID-19 Fund Disbursement Begins Thursday by stacyadams: 1:33pm On Nov 21, 2020
bashir4063:
Morning my freinds plz why are dey nt sending aproval to dose wit whose bvn start with 22-is it state by state or by serial number of bvn or by batch
be Hopefull..my bvn starts with 22.I have been paid,,leave analysis..be hope ful bro

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