Man shares the amount CBN told his friend to repay because he took the COVID-19 loan, says he may go to prison

- A Nigerian man has sent a crucial message to all those who were beneficiaries of the CBN COVID-19 loan

- The man with the Twitter handle, @shuaib_izge, said the loan is not free and that they are expected to pay up or risk going to prison

- His post caused an uproar as a young man shared the amount his friend was reminded to pay up via a text message

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A young man on Twitter, @Sir__md has stunned many on the platform with the huge repayment sum his friend who partook in the CBN COVID-19 loan exercise was told to make.

This is as a Nigerian man, @shuaib_izge tweeted that all who benefited from the CBN loan should endeavour to pay up or face going to prison.

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@Sir__md knocked the government for being insensitive and wondered how the government expected his friend to repay a loan at a time businesses were on pause due to the lockdown.

"I don't knw what's wrong Nigeria, NIRSAL gave people loan during Covid-19 lockdown when most of the markets/businesses were closed, ppl used that money to buy foods, 60% of the beneficiaries were not into business, and now they're expecting them to payback N145k per month. Hmmm"

Tweeps joined in the conversation. While some agreed with the government that since it was a loan, a repayment was necessary, others took a swipe at them.

@MyXahrerh said:

"Half of Nigerians will be in prison.

"Nobody will pay, even if they'll, it's not everything."

@naseerhcoco wrote:

"weting concern dem,let dem pay."

@itz_mabudi reacted:

"Some dey buy phone and roba roba.. now there eye go open."

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Meanwhile, Legit.ng earlier reported that the CBN had waived guarantor requirement for the Coronavirus loan.

Legit.ng reported that the apex bank made this revelation on its official Twitter account.

The CBN had initiated the N50 billion COVID-19 targeted credit facility for households and SMEs to mitigate the harsh economic impact of the coronavirus pandemic.

Victor Duru is a Legit.ng journalist with more than three years of working experience in the media industry. He holds a Bachelor's Degree in Management Studies from Imo State University, where he was a Students' Union Government Director of Information. Victor is a Human Interest Editor, Strategic Content Creator and a Google-certified Digital Marketer. Connect with him on Twitter @DuruCVictor2

Source: Legit.ng