FG Cautions Farmers Against Paying To Access Agric Loans

Agriculture

The Federal Ministry of Agriculture and Rural Development (FMARD) on Saturday cautioned Nigerian farmers and associations not to pay any money to persons or group for the purpose of accessing agricultural loans.

This came following reports that the APC Secretary (Bayelsa State) alleged that fraudsters had duped unsuspecting members of the public with the promise to help them obtain loans from the FMARD.

In a statement signed by Director of Information, FMARD, Mr. Tony Ohaeri, the ministry maintained that it had not asked any person or group of persons to open any account with either the Agricultural Development Bank or Bank of Agriculture for the purpose of obtaining loans from FMARD, nor has it asked anyone to collect money from people for the same purpose.

It therefore, urged the general public and farmers to ignore the seemingly attractive proposals from fraudulent and unpatriotic individuals who may be going around deceiving farmers and prospective farmers.