Close Menu
    What's Trending

    EFCC plotting to freeze Osun government accounts ahead of guber poll, Adeleke alleges

    Niger procured 2000 hospital beds, equipment worth N2.5bn, inaugurates remodeled general hospital

    WAFCON: Nnadozie says Falcons will bounce back against Zambia

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Nexter News Nigeria
    • News
    • Politics

      Advisory council inaugurates 26 LGA coordinators for Wadada’s 2027 guber bid in Nasarawa

      August 1, 2026

      Obanikoro says he no longer wants to be Lagos governor

      July 20, 2026

      ADC faction submits 2027 candidates, unveils Barkindo as running mate

      July 13, 2026

      BREAKING: Tinubu retains Shettima as running mate for 2027, submits APC nomination forms

      July 10, 2026

      Babachir Lawal: SGF should have flagged ‘fake’ PFIPC before it reached Tinubu

      July 7, 2026
    • Business

      Dangote to donate one-third of his wealth to charity, daughter reveals

      July 28, 2026

      FOR THE RECORDS  KEYNOTE ADDRESS BY PRESIDENT BOLA AHMED TINUBU, GCFR, AT THE UNVEILING OF THE NG-CARES ADDITIONAL FINANCING, SOLID, AND HOPE PROGRAMMES

      July 18, 2026

      Court upholds FCCPC’s authority to probe Air Peace ticket pricing dispute

      July 10, 2026

      FG pushes fleet renewal, deepens aircraft partnership with bombardier

      July 10, 2026

      Marketers project petrol at N800/litre if allowed to import directly

      July 7, 2026
    • Sports
    • Features
    • Agriculture
    • Nexter Media
      • NEXTER Radio/FM
      • NEXTER TV
      • Podcast
    Nexter News Nigeria
    Home»Uncategorized»N3.7bn farmers loan: Niger Foods drags guarantor to court, dismisses political undertone 
    Uncategorized

    N3.7bn farmers loan: Niger Foods drags guarantor to court, dismisses political undertone 

    Adeloje OjoBy Adeloje OjoNovember 11, 2025No Comments2 Mins Read
    Share WhatsApp Telegram Facebook Twitter LinkedIn Copy Link
    Follow Us
    Facebook Instagram
    Share
    WhatsApp Telegram Facebook Twitter LinkedIn Copy Link

     

    By Aideloje Ojo

    Minna

    The inability of the Niger Foods Company to recover the N3.7bn loan it granted Shikafa Cluster Farmers in Niger state during the 2024 farming season has resulted in the arraignment of farmers guarantor, Mallam Idris Usman Makanta.

    Niger Foods Company had said in a statement in Minna that it only recovered N25 million, representing just 0.74% of the total N3.4 billion despite the guarantor’s written commitment to complete repayment.

    According to the statement, the company’s Chairman, Mr. Sammy Adigun, debunked claims suggesting that the matter is politically motivated

    He clarified that the matter originates from a breach of agreement under the Niger Foods Input Financing Program, a scheme designed to support genuine smallholder farmers across Niger State through transparent and bank-verified input financing.

    He said, “all farms were mapped, coordinates recorded, and three critical documents were duly signed by Makanta, a Farming Framework Agreement, a Global Standing Instruction (GSI), and a Letter of Guarantee in which he personally undertook to ensure 100% recovery in case of default”, adding that the guarantor is contractually responsible for ensuring compliance.

    Makanta was first arraigned Chief Magistrate Court 1 on the November 3, 2025 by the police on  First Information Report (FIR), marked MN/CR/CMC/55/2025 and was granted bail. He was however re – arrested soon after and detained before he was re-arraigned on Monday at the same court by police prosecutor ASP Emmanuel Ochayi who sought to substitute the earlier FIR with a fresh one

    The defense counsel, Mohammed Tsado Esq Mohammed objected to re-arraining the defendant in court on a fresh First Information Report FIR arguing that the defendant was granted bail after his earlier arraignment on the 3rd of November, 2025, adding that “after perfecting the bail conditions the same police came back to re-arrest him. Therefore we filed contempt of court proceedings against the Commissioner of Police at the Federal High Court”.

    The Chief Magistrate Murtala Mohammed Ibrahim refused to mention the fresh FIR and also declined jurisdiction over the matter directing the prosecutor to take the case to Federal or State High Court within 24 hours.

    Share. WhatsApp Telegram Facebook Twitter LinkedIn Email Copy Link
    Previous ArticleNAHCON announces reduction in Hajj fare
    Next Article Your support beyond party differences encouraging, invaluable, Bago tells Aliyu @70
    Adeloje Ojo

    Related Posts

    Infantino says FIFA is open to expanding World Cup to 64 teams

    July 13, 2026

    ECNBA Chairman rejects calls to resign, insists NBA election will hold july 18

    July 12, 2026

    CNG Condemns Alleged Exclusion Of North-West From N3.9tn Federal Road Projects

    July 7, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Advertisement
    Latest Posts

    EFCC plotting to freeze Osun government accounts ahead of guber poll, Adeleke alleges

    Niger procured 2000 hospital beds, equipment worth N2.5bn, inaugurates remodeled general hospital

    WAFCON: Nnadozie says Falcons will bounce back against Zambia

    Onaiyekan: Tinubu’s government bent on winning 2027 elections by all means

    Trending Posts

    Infantino says FIFA is open to expanding World Cup to 64 teams

    July 13, 2026

    ECNBA Chairman rejects calls to resign, insists NBA election will hold july 18

    July 12, 2026

    CNG Condemns Alleged Exclusion Of North-West From N3.9tn Federal Road Projects

    July 7, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    © 2026 Nexter News
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.