Access Bank Begins Disbursement of N50bn Interest-free Loan Today Insurers move to assess damages for claims’ payment Obinna Chima Access Bank Plc will today commence the disbursement of the N50 billion interest-free loan and grant it set aside for micro, small and medium size
enterprises (MSMEs) that were destroyed by hoodlums in the wake of the protest against police brutality in the country last week. The Deputy Group Managing Director, Access
Bank, Mr. Roosevelt Ogbonna, in a telephone interview with THISDAY, yesterday, said: “From tomorrow (Monday), we would start collecting application from customers. There is an interest-free loan as
well as a grant also embedded in that.” He stated that the loan would be targeted at customers of the financial institution across its MSME business, commercial banking customers
as well as corporate banking customers affected by the looting and arson in some parts of the country last week. According to him, the idea is to support working capital as well as access finance.
He explained: “It has a maximum tenor of 24 months for the access finance and 12 months for the working capital. The structure is flexible and it Continued on page 8
Banks Count Losses to Hoodlums, Say 67 Branches Destroyed...Page 7 Monday 26 October, 2020 Vol 25. No 9331. Price: N250
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Again, Buhari Pleads for Peace, Assures Victims of #EndSARS Protests of Justice Warns looting will erode confidence of foreign investors Coordinated attacks targeted at weakening South-west economy, say govs, ministers Gbajabiamila: Lagos needs N1tn to rebuild damaged infrastructure Segun James in Lagos, Kingsley Nwezeh, Adedayo Akinwale in Abuja, Bassey Inyang in Calabar, Okon Bassey in Uyo As the nation continues to count its losses to the arson perpetrated by hoodlums at the wake of the protests
against police brutality, President Muhammadu Buhari yesterday pleaded again for peace, assuring the victims of the violence that justice would be done. A wave arson, looting and killings have convulsed many Continued on page 8
Police Need N10bn to Rebuild Burnt Stations, Barracks in Lagos 25 police stations, 20 patrol vehicles, three barracks razed Chiemelie Ezeobi
With the destruction of 25 police stations, 20 patrol vehicles, three barracks and communication gadgets, the Lagos State Police Command, will require at least N10 billion to replace the facilities lost to
the #EndSARS protests in the state, THISDAY’s investigation has shown. According to the state police command, the 25 stations burnt in the state are: Orile, Amukoko, Layeni, Ilasamaja, Continued on page 8
BEHOLDING THE RUIN... Delta State Governor, Senator Ifeanyi Okowa, inspecting the Koka Modern Leisure Park, torched by hoodlums on Wednesday night in Asaba…yesterday
No Justification for Shooting Lekki Protesters, Says Tinubu... Page 5