Saturday, May 28, 2022

MSME Survival Fund: FG cautions Nigerians against fraudsters

The federal government says there’s no “N80,000 or any amount in grant or loan” that is being disbursed.

• January 17, 2022
Ambassador Maryam Yalwaji Katagum
Ambassador Maryam Yalwaji Katagum

The federal government has warned Nigerians against fraudsters claiming to be disbursing Micro, Small and Medium Enterprises (MSME) Survival Fund of N80,000.

A statement issued on Monday by Tola Johnson, Coordinator, Project Delivery Office (PDO) of the MSME Survival Fund Scheme, said the fraudsters try to steal from unsuspecting members of the public.

“The fraudsters scam the public under the guise of the MSME Survival Fund Scheme,” he said.

Mr Johnson stated that tracks of the survival fund scheme have closed, but even the initial verification process did not require beneficiaries to drop their account details as being demanded by the fraudsters. 

“The public is hereby notified that requests circulated via social media and SMS for people to disclose their account details to benefit from the Survival Fund Scheme is a scam.

“Hence, members of the public should disregard such requests. The Scheme is also not disbursing the sum of N80,000 or any amount in grant or loan to individuals or businesses as advertised by the fraudsters.”

Mr Johnson also stated that the committee in charge of the survival fund headed by the Minister of State, Industry, Trade and Investment, Maryam Katagum,has contacted law enforcement agencies to track and bring the fraudsters to justice.

He further stated that developments in the implementation of the survival fund scheme would be communicated to the public through formal channels established by the steering committee. 

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