Fraud alert: FG warns Nigeria to beware of fraudulent youth scheme

Fraud alert: FG warns Nigeria to beware of fraudulent youth scheme

- The federal government has called on Nigerian youths to beware of a set of fraudsters planning to swindle them

- The group, according to the ministry of youths and sports development, is facilitating a certain investment fund

- The government warned that the fake group is not to be patronised because it is not officially recognised and aims to collect money for its services

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The ministry of youth and sports development has alerted Nigerians on a fake group that facilitates a so-called Nigerian Youth Investment Fund (NYIF).

On its Facebook page, the ministry revealed that the group operates through WhatsApp and the Telegram messaging platforms to provide business registration, account opening, and other services linked to the NYIF for a certain amount of money.

The sports ministry, therefore, alerted all citizens, especially youths never to patronise such a fraudulent set of persons.

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Fraud alert: FG warns Nigeria to beware of fraudulent youth scheme
The ministry of youths and sports development said the fake group is not to be patronised (Photo: @SundayDareSD)
Source: UGC

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For the record, the ministry clarified that application and Entrepreneurship development training for the NYIF is at no cost whatsoever, adding that business registration and account opening services are to be accessed directly through approved federal government institutions and legal organisations.

Meanwhile, the federal government had announced that it would commence the special job initiative which is designed to employ 774,000 Nigerians nationwide. gathered that the minister of state for labour and employment, Festus Keyamo, made this known on Sunday, January 3, via his official Twitter handle.

He explained that President Muhammadu Buhari had approved the commencement of the initiative designed for artisans.

According to Keyamo, the Special Public Works (SPW) programme to employ 1,000 Nigerians from each of the 774 local government areas in the country will commence Tuesday, January 5.

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The artisans will be employed to do public works for three months and get paid N20,000 monthly. The minister went on to note that all state structures of the National Directorate of Employment (NDE) were already in top gear for the take-off ceremonies.

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