The House of Representatives Committee on Nutrition and Food Security has commenced a probe into the ₦1.12 trillion spent on the Anchors Borrowers Programme (ABP).

The committee is also probing the NIRSAL Microfinance Bank for ₦215 billion spent on agro-businesses as well as the Bank of Industry for disbursing ₦3 billion to 22,120 smallholder farmers through the agriculture value chain financing programme.

The Chairman of the Committee, Chike Okafor, during an investigative hearing on the alleged misuse of government interventions and agricultural funding by departments, agencies, schemes, and programmes of the Federal Government, raised concern that of the 24 participating financial institutions (PFIs) who disbursed the amount for the APB, they only had evidence of nine of the institutions.

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