The Special Adviser to Ekiti State Governor on Micro-credit and Enterprise Development Agency, Kayode Fasawe, has said the agency is exploring ways to deduct micro-credit loans from the salaries of those who stood as guarantors for defaulters by the end of September.
Fasawe said the agency would be seeking the support of the Ministry of Finance and the Office of the Accountant General for the deduction of the loans running into about N1.5bn granted people of the state under the Small and Medium Enterprise Support Scheme during the Segun Oni administration.
The governor’s aide, who spoke in Ado Ekiti during a meeting with the loan guarantors, said the government, in conjunction with the participating micro-finance banks, was “determined to recover all the loans to the last kobo.”
He advised the guarantors to protect their incomes by prevailing on the beneficiaries to begin repayment. Read more