Access Bank Plc will today commence the disbursement of the N50 billion interest-free loan and grant it set aside for micro, small and medium size enterprises (MSMEs) that were destroyed by hoodlums in the wake of the protest against police brutality in the country last week.
The Deputy Group Managing Director, Access Bank, Mr. Roosevelt Ogbonna, in a telephone interview with THISDAY, yesterday, said: “From tomorrow (Monday), we would start collecting application from customers. There is an interest-free loan as well as a grant also embedded in that.”
He stated that the loan would be targeted at customers of the financial institution across its MSME business, commercial banking customers as well as corporate banking customers affected by the looting and arson in some parts of the country last week.
According to him, the idea is to support working capital as well as access finance.
He explained: “It has a maximum tenor of 24 months for the access finance and 12 months for the working capital. The structure is flexible and it is to align with the customers’ cash flow. The term facility would have a moratorium period of six months and then we would structure the repayment following the customers’ own cash flow cycle. Both are interest-free.
“For the grant, we have broken it into two. Firstly is that for youth empowerment and community development. The youth empowerment is in two parts. We have a segment of the grant that is focused on supporting the tech industry and we have another that is focused on skill development, which is for those that are for tailors, barbers, mechanics, criteria.
“The idea is that our branches are all over the country, so whatever skill you have, go to any of our branches and you will get whatever support you require.”
The bank had explained in a notice to announce the fund that: “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 N50 billion interest-free loans and grants.”
The creative industry comprising the advertising, architecture, the arts and antiques market, crafts, design, designer fashion, film, interactive leisure software, music, performing arts, publishing, software, television, and radio can bridge the unemployment gap in Nigeria if commercial banks in the country are much more receptive to financing them, the Group Managing Director of Access Bank, Mr. Herbert Wigwe, had said.
However, if your business was affected by the recent vandalization and looting, First Bank is requesting you fill their survey form as you stand a chance of receiving financial assistance. Fill form here.
NTDC boss, Folly Coker”s 2nd Marriage Crashes
The second marriage of Folorunsho Coker, the Director-General of the Nigerian Tourism Development Company, (NTDC), to Aisha Rimi, has reportedly crashed.
Just when everyone thought Coker’s second marriage to Aisha Rimi, a member of Rimi Partners, an Abuja -based law firm specialising in corporate legal services, business advisory services and government relations, would outlast his first, it ended up making a dry run while it lasted.
Coker was first married to Folake Akindele-Coker, the boss of foremost fashion design label, *Tiffany* *Amber* . Folly Coker as he is fondly called, ended the marriage, which produced three children, abruptly. Still dazed by the manner with which her marriage ended, Folake retained her ex-husband’s name and still does to this day. While she is still single, Folly (as he is fondly called) moved on quickly and jumped into another marriage with Aisha. Aisha also used to be married to Lateef Bello Osagie, a sibling of Hakeem Bello Osagie, a former Chairman of United Bank of Africa (UBA). No sooner had her marriage to Lateef ended than she hooked up with Folly and married him. They resolved to give their second attempt at marriage their best shot and make their new ‘partnership’ work.
In fact, early in the marriage, Folly and his wife managed to keep the union together, but seeing that they could no longer continue to patch things up, they both finally decided they had had enough of each other.
What could have led to breakup of their marriage?
Pundits are however of the opinion that the Economic and Financial Crimes Commission investigation of Aisha’s alleged involvement in the diversion of the sum of N3 billion from the account of Lagos State Government Number Plate Production Authority, when Folly was the managing director, was allegedly the beginning of the end of their marriage.
Recall that the EFCC in an affidavit had alleged that the investigation of the fraud was based on an intelligence received by the Nigerian Financial Intelligence Unit of suspicious transactions on the account of Rimi and Partners.
According to the EFCC, there were “heavy inflows” in excess of N3 billion from LSGNPPA into the account of the company owned by Aisha Rimi, who was still married to Coker at the time.That perhaps,was the catalyst that set the tone for the marriage break up as Aisha was said to have revealed many things to the anti graft body.
Presently, close friends and associates of the family are watching with keen interest what the outcome of this break up will result to.
Shop Big Deals This Black Friday On Squad Black November
With Black Friday finally around the corner, HabariPay is thrilled to announce that it has launched a seller community platform highlighting some of its merchants who have amazing deals for the season! Shoppers are encouraged to check out the Squad Black November sale page here to buy fashion pieces, groceries, household items, electronics, food, art, and so much more at unbeatable discounts! The sale is currently live and will run from now till 30th November 2022.With over 60% of shoppers set to purchase Black Friday deals online this year, HabariPay launched its #SquadBlackNovember campaign to help small businesses seamlessly showcase their products and services online. The company also supported these businesses with discounted logistics, FREE advertising, and connections with millions of ready-to-buy customers to ensure they would achieve massive sales during the period.Also, beyond the discounted prices, customers also have the opportunity to win shopping vouchers and coupons through trivia and contests on the brand’s pages. Follow and stay tuned @Officialsquadco on all platforms to be a part of this!Thinking of treating yourself or getting some early Christmas presents? Shop the Black November sale here – https://squadco.com/black-november/! PS: You still have a chance to be a part of this campaign as a merchant! Follow these steps:Sign up to Squad here – https://dashboard.squadco.com/sign-up and complete your KYC (if you haven’t).Upload the products you have for the black Friday sale to your Squad Storefront in readiness for sale, and make sure you reflect the discounts on each product. Visit the Google form here to input your details! Share your business name & category, brand logo, email, phone number and Squad frontlink.
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