Tailor cries out as COVID-19 loan of N580k gets debited from his account, shares amount he borrowed

A tailor in Kogi lamented online after N580,000 was debited from his bank account to repay a COVID-19 loan he took years ago.
He revealed that the Nirsal Micro Finance Bank gave him a N400,000 loan initially, but the amount deducted was significantly higher.
The incident sparked mixed reactions from Nigerians, some highlighting interest accrued and others sharing similar experiences.
Nigerian borrowers still owe about N261 billion of COVID-19 loans aimed at supporting households and SMEs during the pandemic.