BOI Gets Approval To Recover NERFUND’s N17.5bn Bad Loans The Federal Government has given approval to the Bank of Industry to recover the N17.5bn outstanding loans being owed by customers of the Nigeria Economic Reconstruction Fund. NERFUND is currently having liquidity challenges owing to its huge...

NERFUND’s N17bn Debt Under Investigation The House of Representatives has commenced investigation into the role played by the Central Bank of Nigeria ( CBN) in the failure of National Economic Reconstruction Fund (NERFUND) to recover about N17 billion owed it by Small and Medium Scale...

The Federal Government plans to shut down the National Economic Reconstruction Fund (NERFUND) over non-performing loans of over N17.5 billion. Pursuant to this, a committee has been formed to ensure the smooth liquidation of the company by the end of this month. The agency said a...

The management of the National Economic Reconstruction Fund has said it would engage the services of the Economic and Financial Crimes Commission in the recovery of its non-performing loans, which are estimated at about N17.2bn. Some 1,143 projects in the Small and Medium Enterprises sector...

Dr Ezekiel Oseni has been appointed as the new Acting Managing Director for the National Economic Reconstruction Fund, NERFUND. His appointment according to a statement signed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, was approved by the honourable Minister of...

The operations of the National Economic Reconstruction Fund (NERFUND) has been shut down by the Federal Government due to several crises which has affected the smooth running of the agency. In a notice signed by the Permanent Secretary of the Finance Ministry Dr. Mahmood Isa-Dutse,...