Beneficiaries complain as CBN set to recover COVID-19 intervention loans

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The Central Bank of Nigeria (CBN) is set to recover loans it granted some categories of Nigerians to ameliorate harsh socio-economic realities.

The News Agency of Nigeria reports that the loan initiative involved is the Targeted Credit Facilities (TCF), granted to some Nigerians in 2020 to cushion the economic effect of COVID-19.

Some beneficiaries of the facility, however, expressed concern about the manner of recovery.

A beneficiary, Fatimah Alli, said that the sudden move to recover her N500,000 COVID-19 loan had worsened her financial challenges.

“I got a loan of N500,000 in…

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