NYIF: Controversy as website requesting for payment for NYIF EDI Certificate resurfaces online

A website  https://datauth.io/YLVBOY  purportedly for the Nigeria Youth Investment Fund which instigates victims to pay for an EDI Certificate through Paystack as a criterion for accessing the NYIF Fund, stating that "over 3million Applicants have already applied, having your NYIF EDI Certificates gives you 90% chance of accessing the Loan," has resurface online with victims diving into the schematic website.

"Nigerian Youth Investment Fund

Happy New Month.

Disbursement of funds starts this month, don't be left out

Over 3million applicants have already applied.

https://datauth.io/YLVBOY

Having your NYIF EDI certificate gives you a 90% chance of accessing the loan

https://datauth.io/YLVBOY

Getting your FMYSD EDI certificate might be quite stressful, but we are trying as much as possible to simplify the process.

Please check your entire mailbox daily, for more updates from us.

Get your FMYSD EDI certification.

https://datauth.io/YLVBOY

We sincerely apologize, if you haven’t received any mail from us," a recent post from the Facebook channel stated.

The Facebook page with about 6,757 page Likes had 2 weeks ago posted the schematic antics which was withdrawn after a viral report but with victims lamenting to have been defrauded.

Recall>>>NYIF: Fraud bedevilles Nigeria Youth Investment Fund -Daily Info Update

The shortened url burried in https://datauth.io/YLVBOY  is  https://nyifedi.mystrikingly.com/ which has a Paystack plugin for effecting payment from victims.

This development according to reactions from many Nigerians, contradicts the position of the Minister for Youths and Sports, Mr Sunday Dare on the processes of accessing the N75Billion soft loan earmarked for youth entrepreneurship and job creation strategy.

The Ministry of Youth and Sports Development had through an online meeting, last week, disclosed a new plan for accessing the Nigeria Youth Investment Fund stating that following the application would be uploading a business plan which would come as questionnaire to avoid copy and paste, assessment of answered questionnaire and selection of Candidates for training and fund disbursement. 

The Minister had also in a press statement dated 30th October, 2020, stated that applicants of the Nigeria Youth Investment Fund "must on no condition pay any individual or organisation for the process which is free" while advising the youths to follow appropriate channels in the course of their registration.

The Minister furthered that " Prospective applicants should access the online form at "nfmb.com.ng/nigeria-youth-investment-fund/" (https://nyif.nmfb.com.ng/Applicants/New) and can also be redirected from www.youthandsports.gov.ng" and "noya.ng" adding that "Applicants should avoid randomly clicking on links purporting to be for the fund and they must also take all the security precautions they would normally take with their personal banking."

Mr Dare in the press statement reiterated "that the entrepreneurial training bundled with the NYIF loan application is free and should not be paid for" adding that "any demand for payment should be immediately flagged as a scam.