₦airaland Forum

This press statement is due for release by Monday.
Jan 27, 2017, 4:13 PM
From Agbeh Peggy to you & 74 more
Details
The Injustice of FGN, CBN and Heritage Bank on The Beneficiaries of (YIEDP)
We the beneficiaries of youth innovative entrepreneurship development program (YIEDP).
A program initiated by the federal government through Central Bank of Nigeria (CBN) in collaboration with Heritage Bank, has decided to let the world know about the injustice that had been done to the Nigerian youth with this scheme. This has become very necessary as we the final beneficiaries of the said scheme are yet to be disbursed with funds almost a year after the initiation of the scheme. This scheme was initiated January 2016 with over 10,000 graduates applying for the scheme, after their initial screening, HB made the world know that only 1,500 graduates were able to pass through the first stage, which was accepted by both losers and final shortlisted. The next stage was training which Heritage Bank (HB) did in collaboration with National Youth Service Corps (NYSC)to put us through all the processes of business plan. After the training our business plans were submitted with the hope that after three weeks funds would be released again we were shortlisted after the submission of our business plans and 310 persons were selected finally. HB in conjunction with CBN and NYSC organized a press conference in Abuja, where they presented placards of three million only to beneficiaries signifying the official business plan implementation. As if heritage bank was compelled by CBN to either do the scheme or lose their license , they came up with ambiguous conditions that even companies with large physical assets might find difficult to meet. We complained and they went back to meet with CBN and came up with conditions still unfriendly but because we are determined as entrepreneurs we forged ahead, to show both CBN and heritage bank that the Nigerian youths are capable. As the process progresses that’s how HB keeps coming up with more hidden conditions but for the determination and resilience we have, we kept on. Most of us eventually resigned from our jobs to be more focused on our passion to succeed.
We had to submit our institution certificate and Nysc certificates and also provide a guarantors that guaranteed 50% of the loan in case of default. This is a loan we are expected to pay with interest but we are made to undergo so much, apart from the fact that HB refused to train their staff on relationship management they continue to treat us as if we are beggars and they are doing us a favor. The federal government the initiator of the program through CBN has given a posture of ‘ I don’t care' and according to the federal government is expected to employ millions of youths during this administration. How on earth would that be possible with this kind of laxity on the part of government and heritage bank that act as if they suffering liquidity problem. It has gotten to a level where our patient had hit the peak and the following conditions are set out to the federal government, CBN or heritage bank:
That a definite date must be given on when the last beneficiary of this program is to be disbursed, with a date convenient to all parties.
That henceforth HB must let us take full custody of our business plan as this was the reason we were selected by them.
That HB must give us the room to initiate creative ideas for our businesses and create open platform for collaboration when necessary.
That the federal government must give us free channel to get across to agencies that will help our businesses succeed.
We are by this press statement giving all parties till 3rd of Feb 2017 to address the above conditions. If our request is not met by the stipulated date, the federal government and CBN should expect to see us at the headquarters in Abuja on the 6th of Feb 2017 and to show our seriousness we won’t be leaving the premises of the CBN until:
• They address the above issues with a concrete conviction of implementation
• All logistics incurred by every participant in this solidarity move must be fully paid .
We cannot be ready to productive while our institutions continues to discourage us.

This press statement is due for release by Monday.
Jan 27, 2017, 4:13 PM
From Agbeh Peggy to you & 74 more
Details
The Injustice of FGN, CBN and Heritage Bank on The Beneficiaries of (YIEDP)
We the beneficiaries of youth innovative entrepreneurship development program (YIEDP).
A program initiated by the federal government through Central Bank of Nigeria (CBN) in collaboration with Heritage Bank, has decided to let the world know about the injustice that had been done to the Nigerian youth with this scheme. This has become very necessary as we the final beneficiaries of the said scheme are yet to be disbursed with funds almost a year after the initiation of the scheme. This scheme was initiated January 2016 with over 10,000 graduates applying for the scheme, after their initial screening, HB made the world know that only 1,500 graduates were able to pass through the first stage, which was accepted by both losers and final shortlisted. The next stage was training which Heritage Bank (HB) did in collaboration with National Youth Service Corps (NYSC)to put us through all the processes of business plan. After the training our business plans were submitted with the hope that after three weeks funds would be released again we were shortlisted after the submission of our business plans and 310 persons were selected finally. HB in conjunction with CBN and NYSC organized a press conference in Abuja, where they presented placards of three million only to beneficiaries signifying the official business plan implementation. As if heritage bank was compelled by CBN to either do the scheme or lose their license , they came up with ambiguous conditions that even companies with large physical assets might find difficult to meet. We complained and they went back to meet with CBN and came up with conditions still unfriendly but because we are determined as entrepreneurs we forged ahead, to show both CBN and heritage bank that the Nigerian youths are capable. As the process progresses that’s how HB keeps coming up with more hidden conditions but for the determination and resilience we have, we kept on. Most of us eventually resigned from our jobs to be more focused on our passion to succeed.
We had to submit our institution certificate and Nysc certificates and also provide a guarantors that guaranteed 50% of the loan in case of default. This is a loan we are expected to pay with interest but we are made to undergo so much, apart from the fact that HB refused to train their staff on relationship management they continue to treat us as if we are beggars and they are doing us a favor. The federal government the initiator of the program through CBN has given a posture of ‘ I don’t care' and according to the federal government is expected to employ millions of youths during this administration. How on earth would that be possible with this kind of laxity on the part of government and heritage bank that act as if they suffering liquidity problem. It has gotten to a level where our patient had hit the peak and the following conditions are set out to the federal government, CBN or heritage bank:
That a definite date must be given on when the last beneficiary of this program is to be disbursed, with a date convenient to all parties.
That henceforth HB must let us take full custody of our business plan as this was the reason we were selected by them.
That HB must give us the room to initiate creative ideas for our businesses and create open platform for collaboration when necessary.
That the federal government must give us free channel to get across to agencies that will help our businesses succeed.
We are by this press statement giving all parties till 3rd of Feb 2017 to address the above conditions. If our request is not met by the stipulated date, the federal government and CBN should expect to see us at the headquarters in Abuja on the 6th of Feb 2017 and to show our seriousness we won’t be leaving the premises of the CBN until:
• They address the above issues with a concrete conviction of implementation
• All logistics incurred by every participant in this solidarity move must be fully paid .
We cannot be ready to productive while our institutions continues to discourage us.

Dear All,


We have received confirmation from our service provider, Background Check, that verification of guarantor status has been concluded. On the verification of university certificates, due to the season's holiday, the universities had been on vacation​; hence, verification could not be conducted. Universities are expected to resume this week into next week in order for Background check to conclude their verification exercise.


Please bear with us. 


Thank you, and have a nice day.


Kind Regards


Jubril Adeojo | Head, Interventions & Schemes

 



 

Heritage Bank Limited, RC: 1259460 

143 Ahmadu Bello Way, Victoria Island, Lagos
Office Phone:01-2369500 - 4564 (Ext.) | Mobile: 07068413002

E-mail: Jubril.Adeojo@hbng.com

www.hbng.com 
Heritage Bank Contact Centre | 0700HERITAGE | +234 1 2369000

 



Jubril Adeojo | Head, Intervention Funds & Other Support Scheme | Product Concept Department

 



 

Heritage Bank Plc, RC: 1259460

143, Ahmadu Bello way, Victoria Island, Lagos
Office Phone:01-2369500 | Ext: 4564| Mobile: +2347068413002

Yes...it's will be necessary for current account opening form

Loan confirm disburse on YIEDP... Thanks HB/CBN

Dear

Thank you for your patience, we are pleased to inform you that amendments and modifications have been made to the YIEDP guideline and we have effected these changes on our documentations.

To this end, we have resumed the issuance of offer letters to all shortlisted beneficiaries effective from the today 25th November 2016. You have 2weeks to ensure you pick up, execute and return the offer letter to the bank.

Note upon execution you need to ensure you meet all conditions precedent within 20 working days or the funds will be returned to CBN.

Kindly visit our Experience Centre at 149 Abeokuta Express Way, Sango Ota. to pick up your offer letter.

Also liaise with Babatunde Egbebi who will be your relationship manager to complete the process leading up to the disbursement of funds.

Please note the following information, to ensure you meet all conditions precedents before the set deadline to disburse funds:

1. Your assigned relationship manager has been notified on the new development

2. A new offer letter will be issued for your execution

3. A personal guarantee form for your proposed guarantors is to be executed and notarized. (This document has replaced the initial statement of net worth and collection of post-dated cheque)

4. The guarantors form from Background Check International should also be executed.



Warm Regards,




Heritage Bank Plc | |







Heritage Bank Plc, RC: 1259460
171A, Moshood Olugbani street, Victoria Island, Lagos
Office Phone:01-2369000 | Ext: | Mobile:

E-mail: info2@hbng.com
www.hbng.com
Heritage Bank Contact Centre | 0700HERITAGE | +234 1 2369000

The YIEDP offer letter is back for better..no more updated cheques and networth.

Forget the money... No loan payment anymore except you agree to the terms and conditions.

YIEDP be like...bring back our offer letter.

fayose is busy with his 56th birthday instead of securing people's lives.

Dear GEM awardee, The training session above mentioned could it be the category of selection for new GEM grants after the induction?

BRACE YOURSELF, 2017 could be even tougher! See How!
Nov 2, 2016, 12:18 AM
From GEM Center
Details

BRACE YOURSELF, 2017 could be even tougher! See How!
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GEM Building, KLM 2, Arulogun Road , Ojoo, Ibadan
02-2911864 / 0909-957-6336 / 0909-957-6339
info@gem4success.com

Godiswise:
they are on the drawing board...soon a review will be done per person capcity...am talking to my relationship manager. I tell you they can give an in house voucher, but at a little commitment financially.

What rubbish our agreements is 3million naira loan with tertiary and nysc certificate only with no conditions.

I don't get the idea too

The two scheme as been finalize successful candidates is 310. While some other people got neither of the message today.

Dear OYABOADE SEUN,

We regret to inform you that your proposal was not shortlisted as one of the approved businesses under the Youth Innovative Entrepreneurship Development Programme.

This is due to your business plan not meeting the Bank’s risk acceptance criteria.

Your current application will be deleted and you will have another opportunity to re-apply under the scheme, as long as you still fall within the eligibility criteria.

You will be advised as to when you will be able to reapply for the scheme.

Thank you.


Heritage Bank Plc  |  |

 



 

Heritage Bank Plc, RC: 1259460 
171A, Moshood Olugbani street, Victoria Island, Lagos
Office Phone:01-2369000 | Ext: | Mobile: 

E-mail: info2@hbng.com
www.hbng.com 
Heritage Bank Contact Centre | 0700HERITAGE | +234 1 2369000

DISCLAIMER:

YIEDP NEWS: According to Mr Sekibo, who was represented by Group Executive Director, Lagos /South-West Corporate and Banking of Heritage Bank, Mrs Mary Akpobome, a proper process of disbursement would be done to the benefit and happiness of all parties.

“They will get the money as soon as all those issues they raised are addressed. The money is available. They have been disbursed. CBN has disbursed to the bans. It is now about sorting out whatever the challenges are, and then the funds are now made available,” the bank boss said.

Commenting on the process, Mr Sekibo stated that the target was for 1,000 beneficiaries, adding that the initial applicants were 4,000, while there are presently 7,000 applicants waiting.

He said, “We are optimistic that by the time we are done with the initial 1,000, and we go back, we would be able to accommodate as many as are qualified as possible, and obviously expand the amount of money that is needed to do that.”

CBN disburses N930m to YEDP beneficiaries

OCTOBER 21, 2016 BY ORIENTALNEWSNG IN MONEY MARKET · 0 COMMENT

    

The Central Bank of Nigeria (CBN) has disbursed N930 million to 310 young people under the Youth Entrepreneurial Development Programme (YEDP). The credit facility, which comes at a single digit interest rate is given to young people in productive activities, which will lead to the employment of 1 million other young people.

At a ceremony in Abuja, the CBN’s Deputy Governor in charge of Corporate Services, Alhaji Suleiman Barau explained that the programme is aimed at stimulating growth and promote economic development. Nigeria’s unemployment rate is on the increase, according to the National Bureau of Statistics, unemployment rate has increased to 13.3 per cent from 12.1 percent in the first quarter.

The CBN is taking steps to address the situation by launching the Youth Entrepreneurship Development Programme introduced in March 2016, the programme is designed to simulate the entrepreneurial spirit among young people. There are 310 beneficiaries in this first phase and each of them will be receiving 3 million Naira to start their businesses.

However, the beneficiaries had issues with the collateral requirements issued by a commercial bank before they can access the funds but the Apex Bank, promised to review the requirements. As those concerned in facilitating the programme enter into a meeting to review the conditions for accessing the funds, they hope that the programme will stimulate the entrepreneurial spirit of young people.
source  citizens .

DXXMI:
What stage are stream two?

Scream 1 and 2 were shortlisted for 310 candidates for the loan.

Congratulations on your selection as a beneficiary of the CBN YIEDP Loan.

Kindly visit our Experience Centre at 149 Abeokuta Express Way, Sango Otta, to pick up your offer letter.

Also liaise with Mr ***** who will be your relationship manager to complete the processes leading up to the disbursement of funds.

It is important to note that you have to meet the following conditions (in addition to the conditions in the offer letter):

1. Obtain a Registered Business Name

2. Open an SME business account in your business name

3. Authorize for a CRMS and Background Check (if you do not have a savings account with the Bank open an account)

4. Completed guarantor’s form (Click Here to download)

5. Submit your Tertiary Institution Certificate and NYSC Certificate

Thank you.




Heritage Bank Plc |


I run bank of industry and Heritage Bank loan scheme... The two bank loan details on Guarantor are similar to each other. So, 310 successful candidates was listed in punch newspaper on 17/10/2016. Which I was part of it. Congratulations to you all!!!

It is important to note that you have to meet the following conditions (in addition to the conditions in the offer letter):
1. Obtain a Registered Business Name
2. Open an SME business account in your business name
3. Authorize for a CRMS and Background Check (if you do not have a savings account with the Bank open an account)
4. Submit your Tertiary Institution Certificate and NYSC Certificate and 2 financial guarantors.
Thank you.
From Heritage Bank

fingers crossed on 3million naira loan.

Hello GEM grants awardee.. I will like to ask if you guy made a presentation of your business plan before the grants were given to you. And in what formats did you submit your business plan online..is it PDF? Thanks

[9/3, 11:23] Gbenga Oba Adeniran: cuccx@hbng.com
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9/2/2016 11:17:56 PM - Remote Server at site:m0; version:14 (10.0.1.9) returned '451 4.4.0 Primary target IP address responded with: "421 4.3.2 Service not available." Attempted failover to alternate host, but that did not succeed. Either there are no alternate hosts, or delivery failed to all alternate hosts. The last endpoint attempted was 10.0.1.9:25'
[9/3, 13:34] Gbenga Oba Adeniran: Delivery is delayed to these recipients or groups:

cuccx@hbng.com

Subject: Re: YIEDP Portal[CBN-HERITAGE]: Application not started !!!

This message hasn't been delivered yet. Delivery will continue to be attempted.

The server will keep trying to deliver this message for the next 1 days, 19 hours and 58 minutes. You'll be notified if the message can't be delivered by that time.

This is becoming fake youth empowerment loan disbursement. After several months and they want us to reapply.. Fake government

The 1500 candidate are the once in the streams.
Stream 1: selection of candidates
Stream 2: business plan submission for screening
Stream 3: Approval and Disbursement