JAkpayen:

Please someone should do the maths for the bolded. It's not equal to ₦3M per each

Finally! Now i know i wasnt being paranoid

Chukzyfcb:
93million disurbused to 310corp members, means 300k each. simple maths na
93,000,090/310 = 300,000naira
this error alone tells how fake the report is.
moreover reports have it that the collateral would last for a period of 1year and the collateral would be the Bsc certf and Nysc certf.
unfortunately, there was a hidden clause behind the loan.
Guarantors will be required as certain people have confirmed above.
you need 2people who have 150% of 3m which is bout 7.5m EACH!!!..
u dey see the scam now Abi?
the 3m is the maximum ooo, no be say na for every corp member.
the plan is actually small loans of like 300k
,500k
3m loan is for a very very impressive business plan and not for every tom dick and harry like the report has made it seem

150% of 3 is 4.5

YouWin was a more transparent and realistic programme.

Nikita1:
That's nice but I won't believe it until an ex corper coman testify because all of una family uncle Lai Lai Mohammed

Na so ooo... even if u type lie for Google lai Muhammad will also pop up

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NYSC should nit be by force, graduate shud either be paid the total 12months to start a job as self entrepreneurs or serve and work for the govt after service.

5years in university only to become a slave to your country is bad.

I don't see how this is good news.

You are granted a loan not free money. You must pay back with interest.

How would CBN recoup funds? It's a stupid idea in my opinion. It's one thing to have a good proposal it's another thing to have the technical know-how. Lending to start ups doesn't even help them buy their capital base.

Nikita1:
That's nice but I won't believe it until an ex corper coman testify because all of una family uncle Lai Lai Mohammed

my name is on the list. I think they publish our names on punch newspaper on Monday but my dear no dime has been paid to anybody. The collateral the bank requires is so stringent that I hope any one will eventually get the money.
Collateral
2 guarantors that must be a top ranking civil servant and will sign a post dated cheque of 4.5millions

..the money in question will not be giving in cash but will be used to buy every necessary equipment on ur behalf.( that's reasonable thou)
But its a shame for govt to go all over the place claiming they have done what they did not do.

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Nikita1:
That's nice but I won't believe it until an ex corper coman testify because all of una family uncle Lai Lai Mohammed

Lolll
YIEDP is true Sir and a brother of mine got the loan (an ex corper).
Myself, I've registered for the stream 3 that is currently on!