NAPEP To Recover N580m In Katsina

The National Poverty Eradication Programme (NAPEP) in Katsina State has set up three committees to recover N580 million from loans defaulters.
The NAPEP Coordinator in the state, Alhaji Gambo Rimi, said this in an interview with newsmen in Katsina.
He said the first committee was mandated to recover N30 million disbursed under the Keke NAPEP, farmers empowerment and general micro finance programmes.
Rimi further said that the second and third committees were to recover N400 million and N150 million disbursed under the multi-partner micro-finance and village solutions schemes respectively.
The three committees, he said, had been directed to visit the defaulters in the 34 local governments to recover the outstanding debts.
“ The agency is trying as much as possible to avoid legal action against the defaulters, hence the decision to set up the committees to recover the loans,” he said.
According to him, all the loans were long over- due as they were disbursed to the beneficiaries more than three years ago.
He urged beneficiaries to reciprocate government’s gesture by ensuring prompt repayment of their loans.