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NYSC Secures N200m Bank Facility, Corpers To Access Loans

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Read the interesting piece below shared by a Youth Corper serving at Ijebu Ode…

The National Youth Service Corps (NYSC) on Friday said it had secured over N200 million bank facility for disbursement to corps members as loans to enable them start their businesses.

Brig-Gen. Johnson Olawumi, the Director-General of the corps, said this when the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf, paid a familiarization visit to the NYSC Headquarters in Abuja.
“That has been a challenge; we train these corps members in the camp after the camp we have partners all over the country where corps members also receive training throughout the service year.
“Now, the issue is that when they get this training they don’t have start-up capital but we have been doing a lot to see there is opportunity for them to get startup capital.
“We have the NYSC foundation as we speak, the NYSC foundation has just approved loan worth N10 million for corps members. “Corps members based on the business plan they submit could get as much as N250, 000 and N400, 000. We have also signed an MoU with Bank of Industry though it is yet to take off but we are working on it.
“A couple of months ago, I also approached Heritage Bank and Heritage Bank is setting aside the sum of N200 million under a package where corps members will get a soft loan and the only collateral they will have to drop will be their discharge certificate…
NYSC SCAM REVEALED.
To our amazement today, we were told all corpers nationwide will pay a token of N500 each, then those who are interested to apply for the loan of 250k-400k will have to submit their business proposal on or before passing out and then pay another N500 (that’s N1000 for them)…
The loan is interest free if repaid within 3months but from 3months to 2years maximum will now attract 5% interest….So when u multiply N500 from the total number of corpers currently serving now, plus the extra N500 from those who want to access the loan, you will discover that we are actually the ones raising more than N200m from which they will disburse to those who want the loan with their NYSC certificates as collateral plus more gain they will make from it from the 5% interest rate…
So doesn’t that mean that we are actually raising this funds ourselves? And also they will also very likely make gain from this money we will raise. But why wasn’t this clearly stated to the public in their press release?
I love Nigeria

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Davido kicks as producer Napji calls him out over unpaid royalties

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Davido, the Nigerian singer, has reacted to a claim by Napji, the music producer, that he has yet to complete his payment for “royalties and publishing”.

In an X post on Tuesday, the producer claimed the singer has yet to pay him fully for producing three songs off his 2020 album ‘A Better Time’.

Napji, who claimed to have produced ‘Fem’, ‘Jowo’, and ‘Sunlight’, added that he would release more details soon.

“I am Napji, producer behind Fem, Jowo and sunlight on @davido album (A better time) which was released 13th November 2020,” he wrote.

“I was paid an advance of 500 thousand naira for each of the songs. I will be releasing more information as I seek to collect my royalties & publishing.”

In his reaction, Davido, who neither denied nor confirmed the claim, hurled insults at Napji.

The Afrobeats star had faced similar accusations in the past.

In August 2023, Alabi Adetutu, the Nigerian model, accused Davido of owing her for her role in ‘Wonder Woman’ visuals.

In 2022, Dammy Krane, the singer, also called out Davido to pay him for his contribution to the hit song ‘Pere’.

Krane said despite co-writing the 2017 hit song — which featured Rae Sremmurd and rapper Young Thug — “Davido is yet to pay my outstanding fee”.

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Tyla praises Tems for opening door of global recognition for female artistes in Africa

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Tyla, the South African singer, says Tems, the Nigerian songstress, paved the way for global recognition of female African artistes.

The music stars recently joined forces on ‘No.1’, a song off Tyla’s self titled album.

In a recent interview on Kiss Fresh FM, Tyla described Tems as an “amazing” singer who opened doors for African female artistes globally.

She also expressed gratitude for the opportunity to collaborate with her.

“Amazing. Tems is so talented. She is literally a force. I am so honoured to have worked with her. She has opened so many doors for us,” she said.

“We made such a beautiful song with such a beautiful message. It is a song for the girls and it is made by the girls.”

In 2023, Tyla revealed Tems inspires her as an African artiste.

In response, Tems graciously accepted the accolades, and expressed confidence that Tyla is similarly empowering young South African girls through her music.

“Man, it is an honour, I am very very, 100% sure that she’s inspiring many many many many South African babe, many girls around the world as well”, she said.

Both artistes have continued to enjoy fame globally for their talents.

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Music producer Dr Roy calls out Mercy Chinwo over unpaid debt (Video)

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A Nigerian music producer identified as Dr Roy in a video breaks into tears as he narrates his ordeal while working with gospel singer Mercy Chinwo.

The middle-aged Nigerian music producer tearfully calls out gospel singer Mercy Chinwo over unpaid debt.

Dr Roy made this call out while featuring as a guest on the audio-visual podcast “The Honest Bunch: hosted by media personality Nedu and co-podcasters.

According to Dr Roy, he used to work with gospel singer Mercy Chiwno till 5 am then wake up by 7 am everyday in a back to back manner.

Speaking further, Dr Roy asserts that he produced, Excess Love, Omekannaya, Regular, Receive it and more for Mercy Chinwo and she never paid him.

Dr Roy further breaks into tears while on the podcast as he stressed that he was working hard while with Mercy Chinwo thinking he would make millions to feed his family but she left her with nothing but unpaid debt.

He noted that there was a time he informed Mercy Chinwo that his father had a stroke and she should assist him but she responded by saying “Make I no worry, he would be fine.”

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Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.

She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others

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