NYIF: Fraud bedevilles Nigeria Youth Investment Fund -Daily Info Update

A website "https://nyif--edi.mystrikingly.com/" purportedly for the Nigeria Youth Investment Fund has requested for payment in other to secure Certificates for accessing the fund, stating that "without the FMYSD EDI Certificates, you would be automatically disqualified and have no access to the Nigeria Youth Investment Fund," which contradicts the earlier plan of inviting a candidate for Training and Certifcation after the Training.


This development according to reactions from many Nigerians also contradicts the position of the Minister for Youths and Sports, Mr Sunday Dare on the processes of accessing the N75Billion soft loan earmarked for youth entrepreneurship and skill development as job creation strategies.

The Minister had in a press statement dated 30th October, 2020, stated that applicants of the Nigeria Youth Investment Fund "must on no condition pay any individual or organisation for the process which is free" while advising the youths to follow appropriate channels in the course of their registration.

The Minister furthered that " Prospective applicants should access the online form at "https://nfmb.com.ng/nigeria-youth-investment-fund/" and can also be redirected from "www.youthandsports.gov.ng" and "www.noya.ng" adding that "Applicants should avoid randomly clicking on links purporting to be for the fund and they must also take all the security precautions they would normally take with their personal banking."

Mr Dare in the press statement reiterated "that the entrepreneurial training bundled with the NYIF loan application is free and should not be paid for" adding that "any demand for payment should be immediately flagged as a scam.

Applicants for the Nigeria Youth Investment Fund have reacted to the unclarity of processes involved in accessing the fund especially the Training which would, if not contained, open chances for fraudulent activities as youth desperation rises amids confusion.  

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