“Has The Fund Stopped Granting New Loans to Members ” Teachers Trust Fund Clears Air

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The management of Teacher’s Trust Fund through a letter wishes to urge its members to disregard any false information circulating on social media that the Fund is no longer granting new loans to members.

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According to the Trust Fund, some
companies claiming to be serving as intermediaries between the Fund and its
members are passing out falsehood information for their own selfish gains.

Read the full statement from the Trust Fund below 

“It has come to the notice of the Fund Secretariat that representatives of some
companies claiming to be serving as intermediaries between the Fund and its
members are approaching GNAT/TF members and suggesting the ff:

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1. The Fund is no longer granting new loans to members.

2. The only avenue for accessing funds from the Fund Secretariat involves refinancing existing loans.

3. It is better and easier to access a new loan by paying off one’s loan balance with cash.

4. Members can be assisted to defray their loan balances and obtain new ones from the Fund speedily.

5. Loan processing at the Teachers’ Fund Secretariat can be fast tracked at a fee of 10% of the amount obtained as loan from the Fund”.

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“The Fund is urging members to disregard such statements and by this communication advising all members to transact any Teachers’ Fund related business through their GNAT District Secretariats or the Teachers’ Fund Secretariat”.

Management is urging all members to  contact theur District GNAT Secretariat or the Teachers’ for further information and directives regarding the loan applications.

Source: obotanweb.com

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