Numerous farmers in Nasarawa State are presently assessing their losses after being deceived out of millions of naira by fraudulent agricultural loan syndicates posing as providers of credit facilities.
After allegedly establishing an office in Doma town to bolster their trustworthiness, the scammers target farmers with loan proposals that span from N100,000 to N20 million.
Several farmers in Doma Town and the villages of Agyeshamatu, Alagye, and Alwaza were defrauded; some even sold their properties in an attempt to raise more money.
In an interview with Daily Trust, some of the victims explained how well-dressed agents, including those who wore hijabs, convinced the low-income farmers to apply for the lending facilities.
Together with another woman, Ms Azizi Yusuf raised N100,000, which she delivered to them in the hopes of receiving N500,000, only to discover that they had been tricked, she told Daily Trust.
“What they got in my area is more than N4 million. I know people who gave up to N350,000, some N200,000, some N100,000, and some N400,000. Mine was N50,000. I joined hands with another woman to raise N100,000. We were hoping to get N500,000,” she said.
Akwaba Musa also told Daily Trust that he was approached by two individuals (a woman and a man) to apply for the loan, but he declined because he didn’t want repayment challenges.
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