The House of Representatives has ordered probes into the N1.12 trillion anchor borrowers scheme, an initiative of the Federal Government’s interventions and agricultural funding through the Central Bank of Nigeria . Also included in the probe is the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending , the Bank of Industry and other agencies. NAN reports that the resolution followed the adoption of a motion by Chike Okafor on the floor of the House in Abuja on Tuesday.
This, he said was responsible for the current acute scarcity of food in the country. Adopting the motion, the House mandated the Committee on Nutrition and Food Security as well as the Committee on Agricultural Production and Services; Agricultural Colleges and Institutions and Finance, to probe The committees were mandated to thoroughly investigate CBN’s alleged mismanagement of the Anchor Borrowers Program for which N1.12 trillion was to be disbursed to 4.67 million farmers.