Tag: Microfinance bank
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Ogun gets first non-interest microfinance bank
Ogun gets first non-interest microfinance bank Hayat Trust Non – Interest Microfinance Bank Limited, the first Islamic non–interest microfinance bank in the country has opened a branch along Folagbade – Ibadan road banking hub of Ijebu Ode, Ogun State, saying it is poised to provide inclusive financial services to small and medium scale entrepreneurs. Among its…
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Umahi says N9.3bn wasn’t paid under him to MFB
Umahi says N9.3bn wasn’t paid under him to MFB Minister of Works David Umahi has said the disbursement of N9.3 billion to a microfinance bank by the ministry was not awarded when he assumed office. He was reacting to Tracka, BudgIT’s service delivery promotion platform, that exposed how the Federal Ministry of Works paid N9.3bn…
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Microfinance bank staff sent to prison for granting self loan without approval
Microfinance bank staff sent to prison for granting self loan without approval A 25-year old staff of LAPO MicroFinance Bank, Abiodun Mayowa David, has been arrested in Lagos State after he allegedly granted himself loan of N1m without the permission of the management. Newstrends reports that the incident happened at the Bank’s branch located at…