NYIF: Youth and Sports Ministry warns Nigerian Youths against NYIF Fraud

The Federal Ministry of Youth and Sports Development has warned Nigerian Youths to be wary of individuals posing as FMYSD agents for the N75Billion Nigeria Youth Investment Fund as the Ministry embarks on mass processing of application data.

The Ministry through a statement signed by its Director of Press, Lere-Adams Adjobome advised Nigerian Youths to shun groups that facilitate access to registration, training, and other services for the NYIF at a fee especially a group known as Facilitators of NYIF on Whatsapp and Telegram Platforms. 

The Federal Ministry of Youth and Sports Development wishes to alert all Nigerian Youth and the public about a group known as Facilitators of NYIF.

"The group operates through WhatsApp and the Telegram messaging platforms to provide business registration, account opening, and other services linked to the Nigerian Youth Investment Fund (NYIF) at a fee.

"All Nigerian youth and the public are advised to avoid patronizing groups that facilitate access to registration, training, and other services for the NYIF at a fee."

Mr Adjobome reiterated that "application and Entrepreneurship Development Training for the Nigerian Youth Investment Fund (NYIF) is FREE and  NO FEE IS REQUIRED." Read more here: https://bit.ly/2Lzjvkh

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He added that "Business registration and account opening services are to be accessed directly through approved Government Institutions and legal entities."

The Director of Press further outline Important Information that would guide Nigeria Youths to ensure safety from fraudulent individual who may intend to prey on unsuspecting youths.

i. Do not access unsecured and fraudulent application portals: Apply on: https://nmfb.com.ng/nigeria-youth-investment-fund/

ii. Do not disclose your BVN, NIN and other sensitive information to fraudsters and unauthorized persons/ groups.

iii. Deal directly with the approved government institution for business registration and with a licensed bank for account opening services.
iv. Disregard messages and advertisement inviting youth to pay any sum of money for entrepreneurship training, writing/business plan development or other services related to application for the Nigerian Youth Investment Fund

v. Access to the Application portal and Entrepreneurship Training for the NYIF is FREE. NO FEE REQUIRED. Read More here: https://bit.ly/2Lzjvkh

For further information and enquiries, please contact the following:
07047024251- South –South ZONE
07047598382- North-East ZONE
08181127180 - North West ZONE
08152947812 - South West ZONE
07087792103- North Central ZONE
07053820081 - South East ZONE

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