The National Youth Service Corps Foundation is looking for 75 ex-Corp members who took somewhere in the range of N300,000 and N400,000 advances to begin private ventures and refused to pay back.
The ex-corp individuals during their administration year, utilized their testaments as security to gain admittance to the advances. Be that as it may, right around four years after, they have wouldn’t restore the credits and have deserted their declarations with the establishment.
The NYSC Foundation Chief Executive Officer, Bako Ventim, affirmed this on Monday during the opening of Skills’ Acquisition and Entrepreneurship Development workshop at the NYSC Orientation Camp in Kubwa, Abuja.
The chief stated, “We have been giving advances to corps individuals and our financing cost is one digit. There is no security with the exception of the NYSC authentication and two underwriters. We make the conditions truly adaptable with the goal that the corps individuals can profit by these advances.
“We have a test where corps individuals have would not pay back the advances. We have more than 100 corps individuals who took the advances however some of them have not paid back despite everything we have their NYSC authentications with us. They have not come to guarantee these endorsements for various years.
“We give as much as somewhere in the range of N300,000 and N400,000 relying upon the strategic plans. From the records, we have more than 75 corps individuals that have defaulted and we are seeking after them.”