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Is Niger Agricultural Bank (BAGRI) on the verge of collapse?

Broadcast United News Desk
Is Niger Agricultural Bank (BAGRI) on the verge of collapse?

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Written on Published on policy.

001 Baghri NigerFinally, the Agricultural Bank of Niger (BAGRI) has been talking about this issue. After the severe economic consequences she has experienced, even today her situation seems to be worse than what she has experienced in the past. In addition, according to insiders, the management of the bank leaves much to be desired. According to our sources, this management is inconsistent with good practices in the sector. The source claims that the bank will be the victim of certain personal attacks, in which officials of the financial institution are also involved. According to our sources, the bank is at risk of bankruptcy as a victim of suspicious actions and transactions. Because, according to the source, these unscrupulous officials, in collusion with financial bandits, will drain the meagre resources of the bank. This will prompt COLDEF to quickly take an interest in the case of BAGRI. Moreover, it seems that these officials have been summoned to COLDEF to explain themselves. This is happening at a time when the country’s authorities have vowed to invest in the rural world (agriculture and livestock) to respond to the food and nutrition crisis. Therefore, the current management of BAGRI (an agricultural bank) is contrary to the commitments of the authorities. Changing careers for the benefit of a few who are happy to get rich from funds intended for agricultural development and climate shock response in Niger, including the Green Fund.
We’ll come back to it!
Rabbi Koye (The Messenger)

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