MANAGEMENT GROUP

INTERNAL MEMO

FROM: GH (RM)

TO: MD/CE 17/05/2018

RISK ASSESSMENT: SPOT CHECK ON ADAMAWA SAVINGS AND LOANS

LIMITED

We refer to the above subject and wish to notify the Management

that the Bank has a total exposure of N743,307,484.25 (Seven Hundred
and Forty Three Million, Three Hundred and Seven Thousand, Four
Hundred and Eighty Four Naira Twenty Five Kobo only) as NHF loan
disbursements with Adamawa Savings and Loans limited, as shown in
the table below:

In view of the above exposure, we are proposing a spot check/risk

assessment visit to the PMB with a view to:
 To ascertain the status of NHF facilities disbursed for the benefit
of NHF contributors
 To establish whether the disbursed NHF facilities were applied in
line with the terms and conditions of the facility.

The physical inspection of the PMB’s record will be conducted at their

Corporate Head Offices by Dorathy Akanwa and Jane Agujih.
 AM SS

N N

Airfare: Abuja – Adamawa (Return) 90,000 90,000

Night allowance (2 Nights) 60,000 50,000
Airport taxi 16,000 16,000
Local Running 6,000 6,000
Total 169,000 159,000

SUM TOTAL: N169, 000.00 + N159, 000.00 = N 328,000.00

Prayer

Management is invited to consider and approve the sum of

(N328,000.00) Three Hundred and Twenty Eight Thousand Naira only
being the total travelling expense to Yola for the above exercise on
Adamawa Savings and Loans Limited.

Thank you.

SADIQ A.GARBA

Cc: file