According to the Federal Account Allocation Committee revenue disbursement report obtained by Sunday PUNCH, the government deducted N45.52m every month from May 2023 to July 2024, totalling N622.75m in 15 months.
However, the repaid amount remains insignificant to the outstanding payment of N450.90bn owed to the CBN as of March 2024.
The amount, titled “CBN Anchor Borrowers”, was listed as a deduction from the nation’s gross revenue each month.
However, it did not specify the state or association to which the deduction was applied.
The Anchor Borrowers Program has been discontinued by the apex bank, which is currently trying to recover funds.
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