COVID-19 TCF/AGSMEIS/NYIF: Beware of Fraudsters, NMFB warns again

Following the end of the 2021 COVID-19 Targeted Credit Facility Loan registration, the continuation of it's approval and disbursement in conjuction with other CBN Intervention Schemes such as the AGSMEIS Loan and the Nigeria Youth Investment Fund, the Nirsal Microfinance Bank has, Today, warned the applicants to be wary of  Fraudsters who may be lurking to unleash havoc on them.

NMFB in a public announcement alerted the applicants stating that should anyone contact any of the applicants regarding paying money to secure the COVID-19 Targetted Credit Facility, the AGSMEIS loan or other Programmes managed by the bank, the applicant should firstly call the official number 094621730 for confirmation immediately and stop all contact with the suspected fraudster as soon as possible.

The Nirsal Microfinance Bank further advised that the applicant should not quickly delete any trail of communication with the suspected scammer instead, the applicant should proceed to report such correspondence through https://nmfb.com.ng/whistleblower or email "whistleblower@nmfb.com.ng".

Note that the official website of Nirsal Microfinance Bank is https://nmfb.com.ng "www.nmfb.com.ng".

Official website for applying for the AGSMEIS Loan which is on going https://agsmeisapp.nmfb.com.ng

The current Website for the Nigeria Youth Investment Fund is https://nyif.nmfb.com.ng/app. For Training is https://nyif.nmfb.com.ng/app. Application has ended.

For checking of COVID-19 Targetted Credit Facility Approval Status with or without text notification:

1. The Official website is https://covid19.nmfb.com.ng

2. When it loads, select the type of Loan you applied for. Either SME or Household

3. Enter your BVN. Do not worry, the website is safe. That's the official website of Nirsal Microfinance Bank.

4. A response will be displayed. 

(A) If it says your Loan has been approved, it will load your details asking you to accept your Loan offer. Proceed to accept the offer and enter your Bank Name (First Bank, Ecobank, Union Bank etc) and your account number. Avoid mistakes here. Very important!

(B) If it says 'Your loan has not been approved, check back later. Kindly check back later as they said.

(C) If it however displays "BVN does not exist", do not panic. Just keep checking back from time to time as approval is on going and hope is high.

Applicants are advised to note that Approval is done in batches and not a sole decision of the Nirsal Microfinance Bank -the NFMB sends application to CBN, CBN reviews and approves, gives order to NMFB to disburse the fund. According to CBN, the loan approval/disbursements is based on the activity, cash flow, and industry size of the beneficiaries. Kindly remain patient.