The management of NIRSAL Microfinance Bank (NMFB), A financial entity owned by the Central Bank of Nigeria (CBN) and Bankers’ Committee, has raised the alarm and warned Nigerians over some unethical practices by individuals disguising as its staff or agents.

In a statement issued yesterday, the bank said its attention had been drawn to some unethical practices being perpetrated by individuals disguising as its staff or agents, demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 targeted credit facility or the AGSMEIS loan.

It, therefore, warned It, members of the public against falling prey to such people, adding that the COVID-19 targeted credit facility being disbursed by it on behalf of the CBN is a loan, and not a grant as beneficiaries must pay back with interest.

READ: BREAKING: CBN Reopened COVID-19 Loan Application Portal on NIRSAL Microfinance Bank Platform

The statement read: The attention of the management of NIRSAL Microfinance Bank has been drawn to some unethical practices being perpetrated by individuals disguising as its staff or agents demanding and receiving money from unsuspecting members of the public purportedly to secure COVID-19 targeted credit facility or the AGSMEIS loan. “We also wish to inform the public, who may have been scammed by these unscrupulous people, to lodge a complaint on our whistleblowing portal by sending us an email on WHISTLEBLOWER AT (whistleblower@nmfb.com.ng).