Niger Delta
Women Allege Politicisation Of Delta Micro Credit Scheme

The Echidime Traders Co
operative Society, Ogwashi-Uku, Delta State, has accused the Delta State Micro, Small and Medium Enterprise Development Agency (DMSMA), of distributing its micro credit loans to political cronies in the state.
Chairperson of the group, Mrs Catherine Okwumbu, said, in Ogwashi-Uku, that members of genuine cooperatives in the state had been denied the loans.
According to the leader of the community-based women group, “a few faceless individuals have continued to enjoy the micro credit loans.”
Okwumbu said that some politicians in the state had been influencing DMSMA to approve loans for their loyalists.
The chairperson said that such politicians secured the approvals as a form of compensation for their associates who worked for them during elections.
”If you take a look at the beneficiaries of the micro credit loan, you will discover that many of them belong to faceless groups who just emerged overnight under fictitious names.
”We have come to discover that some politicians are using the microcredit loans to compensate their loyalists who worked for them during campaigns,” she said.
She appealed to the state government to investigate the activities of the agency, with a view to curtailing the sharp practices being perpetrated by the officials in collaboration with corrupt politicians.
The Public Relations Officer of DMSMA, Mrs Agnes Eferusuoa, however, dismissed the allegation, describing it as baseless, insisting that approvals for all loan applications followed due processes.
”The allegation that approvals for loans are being politicised is not true. Here, we have laid down procedures for every application in respect of loans.
”The executive secretary of the agency is not a politician, but a seasoned technocrat who believes in due process. She ensures that every application for loan abides by laid down procedures.
”The problem is that most of these people making the allegations are ignorant of the procedures for accessing loans under the state government’s micro credit scheme,” she said.
Eferusuoa explained that procedures for accessing the loans required a prospective applicant registering under a cooperative society and opening an account with a micro-finance bank.
According to her, the bank acts as a clearing house for the agency in processing the loan application, by taking into consideration, the applicant’s business plan, scope and budget.
Eferusuoa appealed to the people to seek clarification from the agency or the micro finance banks on the procedures of accessing the micro credit loans, rather than make unsubstantiated accusations.
Niger Delta
NEMA Assists Windstorm-ravaged Communities In C’River

Niger Delta
Edo To Host 40,000 Delegates For CGMI 2025 Convention

Niger Delta
IGP Lauds Diri For Honouring Police Officer, SP Sentome Obi

-
Politics1 day ago
FG Not Serious About Youth Dev, ADC Alleges
-
Rivers2 days ago
BoI, CloudNotte Task Educators On Strategic Funding For Dev
-
Sports1 day ago
HandBall Federation mourns national coach
-
Editorial2 days ago
2026 CBT for SSCE: How Feasible?
-
News2 days ago
RSG ?Reschedules Verification For RSUBEB, RSSSSB Staff
-
News1 day ago
Let Your Moral Values Be Visible, Ibas Tells Corps Members
-
Rivers2 days ago
Correctional Service, Not For Juveniles – Controller
-
Sports1 day ago
NBBF Announce tip-off date for men’s basketball league