N2 Billion SME Fund: Leah only Obtained N16m Loan – Lanre Bello

By Alabi Omotosho

The executive director, Leah Foundation, Mr Lanre Bello has refuted the claims and impression making the rounds that Leah Foundation obtained a loan to the tune of 2billion Naira from the operators of the Small and Medium Scale Enterprises Directorate in Ilorin.

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Reacting to a publication in the Nations Newspaper of 13 August 2019 where the founder of the foundation was alleged to have personally used part of the loan, Mr Lanre considered the publication as an erroneous impression, adding that the Foundation only obtained a loan of 16 million Naira and had since commenced the loan repayment before the said publication.

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Mr Lanre Bello addressing participants in a conference


According to him “the insinuation suggested in the write up is absolutely untrue and a brazen attempt to malign our founder,” he continued, “while neither our organization nor our founder was directly mentioned, the publication contained innuendo fully suggesting that our Founder was being targeted as reference was made to our mission statement”

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Mr Lanre Bello confirmed that the foundation approached the Small and Medium Scale Enterprises Directorate and obtained a loan of 16 million to develop a health facility in pursuit of its intervention program and  particularly, the fight against breast and cervical cancers that is daily killing women.

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He maintained that “the application was duly processed and approved. So far, the organization has repaid 3 million naira and is currently working on paying the balance” Mr Bello  stressed that at no time was any money paid into the accounts of its founder by the SMED neither has she received any cash from the scheme.

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Leah foundation was founded by the wife of the former Governor of Kwara State, Deaconess Omolewa Ahmed. The foundation is a non governmental interventionist, empowerment cum charity Organization that has proffered solutions to most health challenges bedeviling women across the state.

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