Connect with us

Hi, what are you looking for?

News

NYSC Hunts For 75 Ex-Corps Members Over Unpaid Loans

The National Youth Service Corps Foundation is searching for about 75 corps members who took between N300,000 and N400,000 loans to start small businesses but refused to pay after about four years.

The defaulting corps members, who have now passed out, used their certificates as collateral, which was the only condition to access the loans.

The Punch correspondent learned the corps members had abandoned their certificates with the foundation for almost four years.

The NYSC Foundation Chief Executive Officer, Bako Ventim, confirmed this in an exclusive interview on Monday during the opening of Skills’ Acquisition and Entrepreneurship Development workshop at the NYSC Orientation Camp in Kubwa, Abuja.

The foundation was in the camp to donate 10 sewing machines to the camp for SAED training.

The director said, “We have been providing loans to corps members and our interest rate is one digit. There is no collateral except the NYSC certificate and two guarantors. We make the conditions very flexible so that the corps members can benefit from these loans.

“We have a challenge where corps members have refused to pay back the loans. We have over 100 corps members who took the loans but some of them have not paid back and we still have their NYSC certificates with us. They have not come to claim these certificates for a number of years.

“We give as much as between N300,000 and N400,000 depending on the business proposals. From the records, we have over 75 corps members that have defaulted and we are pursuing them.”

Meanwhile, the NYSC medical corps in Borno State on Monday protested non-payment of allowances promised by the state government.
The Batch B NYSC members, who gathered at the Borno State Government House in Maiduguri, told journalists they had not been paid for four months.

One of them, Cornelius Azi, said, “Often times, we work extra hours due to the shortage of medical personnel in the state health facilities. We have explored all alternative ways of dispute resolution but they haven’t yielded results. We appeal to the government to honor its promise.”

The Permanent Secretary, Ministry of Health, Alhaji Mustapha Alau, who later addressed journalists, said the governor had already directed the ministry of finance to pay the corps members.

_______

Follow us on Twitter at @thesignalng

Copyright 2019 SIGNAL. Permission to use portions of this article is granted provided appropriate credits are given to www.signalng.com and other relevant source.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Advertisement

Related

News

Barr. Hannatu Musawa, minister of art, culture, and the creative economy, has refuted a media-reported statement about her participation in the NYSC as a...

News

The National Youth Service Corps (NYSC) has provided an explanation for why allowance due to corps members nationwide in June 2023 has not been...

News

The National Youth Service Corps, NYSC, has announced the dates for the 2023 Batch A Stream II online registration exercise. The Corps made this...

News

The Chief of Army Staff (COAS), Lt.-Gen. Faruk Yahaya has ordered immediate release of a detained female soldier, Private Hannah Sofiat Akinlabi. Sofiat had...

Copyright ©