Stanbic IBTC Bank Refutes Multi-million Agric Scam Claims
Our attention has been drawn to an article where Stanbic IBTC was mentioned, insinuating that Stanbic IBTC Bank was part of a “scam” reported in an article titled “SHOCKING – How BVN, Other Details of Farmers Seeking Loans Under CBN Scheme Were Used To Steal Multi-Million Naira From Government Coffers”.
Kindly note that Stanbic Bank only acted on the instructions of NIRSAL Microfinance Bank in respect of all their Anchor Borrowers Programme (ABP) related transactions at the time. Stanbic IBTC never received any CBN Anchor Borrowers Programme (ABP) funds whatsoever on behalf of either Evergreen Cooperative Agro company and/or any of its promoters.
Stanbic Bank remains very committed to strong ethics, values, governance and is dedicated to always doing the right business the right way.
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