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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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Celebrities

How UAE visa ban almost ruined my wedding – Rita Dominic

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Rita Dominic, the ace Nollywood actress, has recounted how the visa ban by United Arab Emirates (UAE) almost ruined her wedding.

The UAE immigration authorities had in October banned visa applications to 20 African countries including Nigeria.

In an appreciation post on Instagram on Tuesday, the movie star narrated how the distance between herself and her cloth designer almost affected the event.

It is believed that the fashion designer resides in Dubai.

Dominic also appreciated the gown designer for “going above and beyond” to get the dress to her despite the ban.

“Thank God for a beautiful weekend full of love and joy. Thank you to @michael5inco for making my dream wedding gown. It was a lot of hard work and patience since we were in two different countries,” she wrote.

“The UAE ban almost ruined it all but designer @michael_nardi_ who you see in this video came to the rescue by going and above and beyond to make the necessary alterations and final fittings. So huge hugs to both.

“Thank you to my dream team who worked hard to get me looking good in this gown. Love you all from the bottom of my heart.”

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Kiekie and husband welcome first child

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Bukunmi Adeaga-Ilori, the Nigerian comedian and skit maker better known as Kiekie, and her husband have welcomed their first child together.

The excited mother announced the birth of her baby girl via a post on her Instagram page on Tuesday.

She also shared a picture of the baby, who they had named Nola, alongside a clip from the Cocomelon, a popular children’s cartoon.

“Look who’s here! Our baby! NOLA. E ILORI @shonaola_ilori,” she captioned the post.

Colleagues and fans have since then taken to the comment section to congratulate the parents on the birth of their child.

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Gospel Singer, Sammie Okposo dies at 51

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Gospel singer and Welu Welu crooner, Sammie Okposo is reportedly dead.

According to a report making the rounds, the music producer slumped on Friday morning and died. He was aged 51.

Okposo made headlines early in the year after he publicly apologized to his wife, Ozioma for cheating on her with another lady in the United States.

In the apology which was shared on his Instagram page, the singer lamented over the incident which he noted happened in 2021.

The singer further stated that the development has seen him step aside from ministerial work until “full restoration.”

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