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FG raises alarm over fraudulent messages on cost of N80,000 to Survival Fund beneficiaries

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The Federal Authorities has raised an alarm over fraudulent messages being circulated over the purported cost of N80, 000 to beneficiaries of the Survival Fund Scheme.

In its warning to most people, the federal government maintained that the quantity given to beneficiaries stay N30,000 and N50,000 for Payroll Help; N30,000 for Artisans and Transport Grants; N50,000 for the Basic MSMEs Grant; and N100,000 per MSME for the assured off-take stimulus scheme.

This disclosure is contained in an announcement issued by the Challenge Supply Workplace (PDO) of the scheme, on Saturday in Abuja, wherein it stated that the information of such cost was the handiwork of fraudsters looking for to rip-off unsuspecting members of the general public.

What the PDO of the scheme is saying within the assertion

In accordance with NAN, the PDO within the assertion emphasised that the Steering Committee of the MSMEs Survival Fund and the Assured Off Take Stimulus Scheme headed by the Hon Minister of State, Trade, Commerce and Funding, Amb. Maryam Katagum, was unaware of the fraudulent collation of account particulars.

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The assertion reads, “The eye of the Steering Committee of the MSMEs Survival Fund and the Assured Off Take Stimulus Scheme has been drawn to an ongoing fraudulent social media marketing campaign requesting people to drop their account particulars on a WhatsApp platform to entry N80,000 as stipends underneath the Payroll Help scheme.

“The discover requesting the general public or people to reveal their account particulars on a WhatsApp platform is fraudulent and needs to be disregarded by one and all, as this message will not be from the challenge supply workplace of the scheme.

“The process for the implementation of all tracks of the survival fund and assured off-take stimulus scheme doesn’t require public show of account particulars to people or teams.

“It is usually pertinent to notice that underneath no observe of the scheme are beneficiaries given the sum of N80,000 both in instalments or in entire.

“The quantity given to beneficiaries stay N30,000 and N50,000 for Payroll Help; N30,000 for Artisans and Transport Grants; N50,000 for the Basic MSMEs Grant; and N100,000 per MSME for the assured off-take stimulus scheme.

“The steering committee needs to state that the purported scheme will not be recognized to authorities, therefore most people is enjoined to ignore any message(s) from any particular person or group requesting them to submit account particulars.’’

The assertion additional identified that the steering committee had established strains of communication with most people and beneficiaries, together with potential ones, and can deploy identical in offering updates to all stakeholders.

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What it is best to know

The MSME Survival Fund, which is a part of the N2.3tn stimulus bundle of the Nigeria Financial Sustainability Plan, was launched by the Federal Authorities as a part of efforts to assist companies overcome challenges posed by the Covid-19 pandemic.

The MSMEs Survival Fund scheme is a conditional grant to assist weak micro and small enterprises in assembly their payroll obligations and safeguard jobs within the MSMEs sector. The scheme is anticipated to save lots of not less than 1.3 million jobs throughout the nation and particularly influence on over 35,000 people per state.

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Recall that in March 2021, the Federal Authorities warned unsuspecting members of the general public, who want to apply for the MSME Survival Fund, to watch out for fraudulent web sites demanding account particulars, earlier than giving candidates N50,000.

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