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ENDSARS

#EndSARS: Access Bank announces N50 billion interest-free facility for businesses

Access Bank Nigeria Plc has announced plans to offer N50billion interest-free credit facility to individuals and businesses. 

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Access Bank Plc, Nigeria's Creative Industry needs urgent financing from commercial banks to bridge unemployment gaps - Herbert Wigwe

Access Bank Nigeria Plc. has announced N50 billion in support of Nigerians through interest-free loans and grants to support communities, the youths, and micro, small and medium-sized businesses.

READ: Access Bank gets regulatory approval to become a Holding Company

READ: Banks lay-off 2,477 staff during lock-down

This information was disclosed by the bank through its official LinkedIn page. 

The bank’s official statement read thus,

“Now more than ever, we remain committed to our purpose of impacting lives positively. In light of the recent occurrences, we will be supporting Nigerian businesses with 50 Billion Naira interest-free loans and grants. Watch this space for more information.”

READ: Access, GTBank, two others pay PWC & EY N1.5 billion as Audit fees in H1 2020 

Why it matters

The impact of the pandemic, coupled with the hijacked #EndSARS protests that led to the looting of businesses and destruction of properties has thrown so many Nigerians into debts.

READ: $70 billion per annum will be needed to tackle pandemic induced poverty – World Bank

READ: WTO DG: US, EU divided over Nigeria’s Okonjo-Iweala and South Korea’s Yoo

This show of support from Access Bank will help alleviate and stimulate economic activities, as well as produce many positive multiplier effects on the economy.

READ: #EndSARS: Popular hacking group, Anonymous allegedly hacks Nigerian Govt. websites

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Chidi Emenike is a graduate of economics, a Young African Leadership Initiative Fellow and an Investment Foundations certificate holder. He worked as a graduate Teaching Assistant in the Federal College of Education Kano and is also a trained National Peer Group Educator on Financial Inclusion

38 Comments

38 Comments

  1. David5

    October 24, 2020 at 10:14 am

    This is good sir

    • Aniefiok Michael Udoh

      October 24, 2020 at 10:01 pm

      Glory be to GOD, thanks so much Access Bank GOD bless you more and more. Please I need this Grant for revamping my business. Am in Lagos

  2. Shamsu Abubakar khalid

    October 24, 2020 at 10:23 am

    Good idea but how can we benefit I mean to apply.

  3. Abdulkudus Isah

    October 24, 2020 at 10:30 am

    May Almighty God reward you all for your kind gesture in as far you stand to help an individual, this how God will continue to elevate you all and guide you onto the right path. Am Access and will always be an Access bank member. One love one Nigeria

  4. Odohsimeon1

    October 24, 2020 at 12:17 pm

    Please How can we access the loan

    • Roland Olaleye

      October 24, 2020 at 3:24 pm

      Thanks for being so understanding of the plight of the masses.

  5. Hamzat Abbas

    October 24, 2020 at 1:40 pm

    That’s great. I am interested.

  6. Joy Chisom

    October 24, 2020 at 2:07 pm

    I bank with Access Bank, please how do I apply for the loan to help me reform my business

  7. Anonymous

    October 24, 2020 at 2:12 pm

    Good move.

  8. Anonymous

    October 24, 2020 at 2:15 pm

    I need it, how
    would I apply

  9. Princewill Obika

    October 24, 2020 at 2:34 pm

    Good gesture. Please how can we access the loan? Any link for applications?

  10. Anonymous

    October 24, 2020 at 3:17 pm

    This is good news God bless access bank.please when can we start applying.

  11. Ishmael Peterside

    October 24, 2020 at 3:22 pm

    Brilliant move worth emulating by others. God bless Nigeria

  12. Hadiza ibrahim

    October 24, 2020 at 3:31 pm

    Is better

  13. Anonymous

    October 24, 2020 at 3:46 pm

    How can I apply for the loan.

    I need financial a help to start up a fish farm business

  14. Chidi Ibeleme

    October 24, 2020 at 4:03 pm

    How do interested persons get the loan. How do I apply?

    • Christiana John Udoma

      October 25, 2020 at 11:21 am

      Thanks so much for the move, may God continue to upgrade u to the next level. I’m an Access Bank member and will ever be without regret,when and how do I apply, thanks

  15. Edafe Deborah

    October 24, 2020 at 4:56 pm

    Am interested.how can I access the loan

  16. Bello Oluwatoyin

    October 24, 2020 at 5:15 pm

    Thank you for your efforts sir, the Lord will reward you

  17. Sunny

    October 24, 2020 at 5:18 pm

    This is great sir…. Guidelines on how to access this loan sir

  18. Joy ogbu

    October 25, 2020 at 2:48 am

    Oh very good sir, but how can we apply to the loan sir

  19. Prince U

    October 25, 2020 at 5:09 am

    Good and fine. But how can one access the interest free loan?

  20. Anonymous

    October 25, 2020 at 6:18 am

    This is not true. There’s no information about this loan on their LinkedIn page or online anywhere.

  21. Amu Theresa

    October 25, 2020 at 7:11 am

    Good morning please I need the load How can I apply please

  22. Nwankwo Vincent C

    October 25, 2020 at 7:29 am

    Please send me details how to access it, a good move in the right direction and that’s why I remain your customer over years because of your effective response to customers need…..thanks

  23. Olamilekan Hammed

    October 25, 2020 at 2:03 pm

    Thanks so much am access I will be access Bank customer for life ,how can we access to the loan?

  24. Chrismond

    October 25, 2020 at 5:47 pm

    Please how will I apply for the loan?

  25. Jennifer Iyojie

    October 25, 2020 at 9:10 pm

    Pls send information on how to access the loan

  26. Muhammad Bello

    October 25, 2020 at 9:20 pm

    Great! When shall the portal open?

  27. Dele ODUMOSU

    October 26, 2020 at 12:32 am

    If you have that much money, please, please, please, invest in infrastructure that is badly needed in the country, and we the masses,we’ll walk hand in hand to make sure that you will reap the rewards of your investment, we need good roads intercity rail network and electricity,

  28. Enobong Rankin Veshmastru

    October 26, 2020 at 2:44 am

    God bless Access Bank, God bless the management of this bank for this great decision and opportunity given to the populace. God Bless you

    I need this loan , for my business. How do I access this Grant?. I bank with Access Bank.

  29. Anonymous

    October 26, 2020 at 4:05 pm

    This is good,iam interested

  30. Joseph otache

    October 27, 2020 at 2:23 pm

    Thank you access, how can I apply for it

  31. Uchenna Emma

    October 28, 2020 at 12:43 am

    Pls how do I access the grant as it is not shown here in the article posted,may God bless u so much access bank for coming to our aid,all I want to know is how to go about the process,the code or the web site to reach u thank you

  32. chinedu

    October 30, 2020 at 11:57 am

    Thank you so much Access Bnak for this help,.. may i know how to apply for the loan

  33. Okanlawon Deborah Bolanle

    November 2, 2020 at 12:48 am

    Thanks to access bank
    Please how can I apply ?

  34. Okutu Uchenna

    November 12, 2020 at 7:08 pm

    First and foremost thanks u access bank for notifying the problem of Ur customer. Pls I’m a young man who is into agriculture and I need this loan to put into farm

  35. Saidi Omolade sekinah

    December 1, 2020 at 8:15 pm

    If this is true may God continue to bless you all in access bank.

    How can we access the loan and how do we pay back.

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Business

ICPC Chairman reveals #EndSARS protests was financed with cryptocurrency

ICPC Chairman has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

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School feeding, ICPC, FIRS moves to stop tax evasion with newly launched intelligence system 

The Chairman of Independent Corrupt Practices and Other Related Commission (ICPC), Bolaji Owasanoye has revealed to the Nigerian Senate that the #EndSARS protest was largely funded with cryptocurrency.

This is as he said there are strong indications that it could be used to fund Insurgency in the country.

According to a report from Vanguard, this disclosure was made by the ICPC Chairman, during an interactive session with Senate Joint Committee on Banking, ICT, Cybercrime and Capital Market led by Senator Uba Sani on Tuesday, February 23, 2021.

READ: ICPC uncovers N9.8 billion Government money hidden in Aso Savings

The Joint committee was mandated to look at the decision of the Central Bank of Nigeria (CBN) to ban Cryptocurrency in Nigeria.

The ICPC boss while supporting the position of the CBN, said that the nature of operations of Cryptocurrency exposes it to money laundering and terrorism financing.

Meanwhile, the Nigerian Financial Intelligence Unit (NFIU) has said that the agency averted a $3million fraud linked to 20 bank accounts.

READ: ICPC moves against NDDC top management over corruption allegations, quizzes directors

Owasanoye further explained that the anti-graft agency currently has a number of cases linked to Cryptocurrency but is unable to track the suspects.

He brought the attention of the Senate to a period in 2018 when a number of globally rated financial institutions said their financial statements had been hacked with the perpetrators asking to be paid in Cryptocurrencies.

ICPC Chairman noted that the CBN as a regulator has the responsibility to ensure sound financial stability and it will be difficult to achieve in the case of Cryptocurrencies where the players are anonymous.

While sharing the experience of the Indian Supreme Court and how it ruled and admitted that it does not know what it is, he urged the Lawmakers to as a matter of urgency, take decisive action against Cryptocurrencies.

READ: Most powerful financial leader takes side with CBN, says Bitcoin is untrustworthy

What you should know

  • It can be recalled that the CBN had directed the financial institutions to immediately close the accounts of such persons or entities transacting in or operating cryptocurrency exchanges, warning of severe regulatory sanctions in the event of any breach of the directive.
  • The apex bank warned the Deposit Money Banks, Non-Financial Institutions and other Financial Institutions against doing business in crypto and other digital assets.
  • The latest directive is coming after the CBN had in 2018 stated that cryptocurrencies are not legal tender and as such are illegal.

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ENDSARS

#OccupyLekkiTollGate: Lagos Attorney-General explains large police presence at Lekki toll gate

Lagos Attorney-General has stated that the State does not support the abuse of peaceful protesters.

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The Lagos State Attorney-General, Moyosore Onigbanjo says that the reason for large numbers of policemen at the Lekki toll gate during Saturday’s protest was to prevent the protest from getting hijacked by hoodlums.

The Attorney-General of the State disclosed this in an interview with Channels TV on Sunday evening.

“Our duty is to face the dictate of the law.

“The state does not derive any joy from seeing people brutalized, but we must ensure that we have a society where law and order prevails and where everyone is free and secure to go about their businesses.

“Your right to protests only extends to where the other person’s freedom of association starts,” Onigbanjo said.

READ: #EndSARS: Sanwo-Olu presents Buhari report on Lagos destruction by hoodlums

He added that the State Government wanted to prevent any problems during the protests, citing Covid-19 regulations preventing the mass gathering of people and hoodlums hijacking the protests.

“I believe that was the desire of the state government yesterday that people can protests, but think about the Covid-19 regulations, the existing laws.

“We cannot afford the sort of vandalism we saw before, the state was genuinely apprehensive that hoodlums might take over a peaceful protest, we have seen this before. And that was why the police came out in large numbers that this did not degenerate the last time,” he added.

READ: #EndSARS: Freezing of accounts may trigger further protests – Tunde Bakare

What you should know 

Nairametrics reported over the weekend that Officers of the Nigerian Police Force arrested #OccupyLekkiTollGate protesters at the Lekki toll gate on Saturday morning.

This was confirmed by multiple media images and videos on social media, showing the protesters being arrested and loaded inside police trucks and van, popularly known as Black Maria.

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