The Central Bank of Nigeria (CBN) says
The Central Bank of Nigeria (CBN) says the bank does not charge any fee on the COVID-19 loan applicati find on as claimed in false reports circulated on social media. The CBN’s Director, Corporate Communications Department, Mr. Isaac Okorafor said this in a statement in Abuja on Monday. Okorafor explained that procedures fo house r accessing the N50 billion Targeted Credit Facility (TCF) stimulus package for households and Micro, Small and Medium Enterprises affected by the p business andemic were clearly spelled out. “The attention of CBN has again been drawn to false reports on the social media circles, those loan seekers and owners of small scale businesses who apply for loans provided to cushion the effects of COVID-19 are required to pay a certain amount as application processing fees. “Members of the public, particularly, households and owners of small scale businesses are therefore advised to disregard any message requiring them to pay any amount to pro