A forum of Agricultural Input Suppliers on the federal government’s Anchor Borrowers Programme from Sokoto state has petitioned the Minister of Finance over non-payment of their contract sums by the United Bank for Africa Plc (UBA).
It would be recalled that the Forum had earlier petitioned the Central Bank of Nigeria (CBN) Governor on the matter.
The Forum however asked the Finance Minister Mrs Kemi Adeosun to direct and to prevail on CBN to proffer meaningful solution that will ensure that the affected companies are rightly, justly and expeditiously paid their money.
Speaking in the petition signed by 15 agricultural input supplying firms and dated 24th April said, the Forum said that their companies were severally engaged as input suppliers in the Federal Government’s Anchor Borrowers Programme in Sokoto state under the administration of the Central Bank of Nigeria.
The petitioners said, “all the companies have fully discharged their contractual obligation thereof; however, the undesirable challenge is that payments due to some of the companies have been withheld by United Bank for Africa (UBA) PLC Sokoto state branch, five months after taking custody of the fund for onward disbursement to the companies.
“Also, Access Bank PLC prematurely withdrew from the programme, leaving some of the companies stranded while FCMB commenced disbursement to companies on their payment list but did not complete the process thereby excluding some companies from payment.
