A forum of Agricultural Input Suppliers on the federal government’s Anchor Borrowers Programme from Sokoto state has petitioned the Central Bank of Nigeria (CBN) over nonpayment of their contract sums by the United Bank for Africa Plc (UBA).
The forum in the petition signed by 15 agricultural input supplying firms said, they were engaged in the first quarter of 2017 by the Project Management Team on CBN Anchor Borrowers Programme to supply inputs to farmers, with a promise that, they would be paid two weeks after the supply.
They lamented that, after eight months of the contract, input suppliers attached to UBA have not been paid, when those under Unity Bank Plc have since been paid.
The agricultural input suppliers however asked CBN to compel UBA to immediately disburse the funds due to each of the suppliers along with the accrued interest from the date of release of funds from CBN.
According to the petition, “that all companies who are party to this complaint were severally engaged in the first quarter of 2017 as agricultural input suppliers by the Project Management Team on CBN Anchor Borrowers Programme, Sokoto state and the companies fully executed their respective responsibilities accordingly.
“That disbursement due to us has been witheld for several months amounting to dereliction on the part of commercial banks in custody of the monies we are entitled.
That the commercial banks designated to werehouse our payments are; United Bank for Africa Plc (UBA), Access Bank Plc and Unity Bank Plc,” the petition read.
