On February 17, 2021, some concerned citizens alerted fact-checkers at the Centre for Democracy and Development (CDD) to a Twitter page “Nigerian Youth Investment Fund” (NYIF_NGR) which claimed to be a ‘Youth-focused business funding scheme of the Federal Government of Nigeria’.
The handlers of the page also called on interested applicants to pay a certain fee before applying for any of the grants.
The Twitter account Nigerian Youth Investment Fund (@NYIF_NGR) is fake and not associated with the Federal Ministry of Youth and Sports Development.
Checks by CDD show that the ministry has not also asked participants to pay a fee before applying for any of its grants as portrayed by @NYIF_NGR.
Findings by CDD fact-checkers also revealed that the authentic page for the FG-approved grant is the Nigerian Youth Investment Fund with Twitter handle @NYIF_NG.
The Nigeria Youth Investment Fund (NYIF), launched by the Federal Ministry of Youth and Sports in July 2020 completed its pilot disbursement of loans totalling N165,700,000 to 239 beneficiaries.
Furthermore, our fact-checkers reached out to Areola Oluwakemi, the Special Assistant (ICT & Corporate Relations) to the Minister of Youth and Sports Development who confirmed that the said account is fake.
Oluwakemi told CDD that the handlers of @nyif_ngr are showcasing the account as that of the FG initiative under the Federal Ministry of Youth and sports development not related to the Ministry.
“They are scamming innocent Nigerian youth,” Oluwakemi said.
The Twitter account @NYIF_NGR is not associated with the Ministry of Youth and Sports Development.
The real account for the FG-approved initiative for Nigerian youths is @NYIF_NG.
CDD urges members of the public to always verify the information they see online before clicking any link or paying for any online service.
You can forward suspicious messages for verification via +2349062910568 or contact us on Twitter @CDDWestAfrica
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