Welcome to NYSC Foundation
NYSC Foundation is a Non-Governmental, Non-Political, Non-Profit and Private Sector-driven Organization, founded by former corps members who felt there is need to provide support for the continued healthy existence of NYSC Scheme and by extension, giving back to the Society. The Foundation is duly registered with all the relevant regulatory organs of government, including the Corporate Affairs Commission (CAC) (RC.11,883), the Economic and Financial Crimes Commission (EFCC), (Special Control Unit), in accordance with the provisions of Money Laundering (Prohibition) Act, 2011, and also with the Federal Ministry of Youth Development, its supervisory agency.
Courtesy visit to the office of the DG NYSC by the Board of Trustees and Management of the Foundation
NYSC hunts for 75 ex-corps members over unpaid loans
The National Youth Service Corps Foundation is searching for about 75 corps members who took between N300,000 and N400,000 loans to start small businesses but refused to pay after about four years. The defaulting corps members, who have now passed out, used their certificates as collateral, which was the only condition to access the loans.
Our correspondent learnt the corps members had abandoned their certificates with the foundation for almost four years. The NYSC Foundation Chief Executive Officer, Bako Ventim, confirmed this in an exclusive interview on Monday during the opening of Skills’ Acquisition and Entrepreneurship Development workshop at the NYSC Orientation Camp in Kubwa, Abuja.
I am very grateful to NYSC Foundation for this great assistance. I invested the money in poultry business, now I have five other employees.
Theresa GodwinFrom Lagos
I applied for NYSC Foundation soft loan to set up a bakery business which is doing well. Now, I am a proud employer of some of my friends.
Matthew OnokpaFrom Ogoja
The NYSC loan came at a most appropriate time. I am now in the supply of building material business in partnership with others. Business has been good!