The National Youth Service Corps Foundation has publicly declared 75 ex-corps members wanted. The ex-corp members are said to have absconded with a cumulative of N16m worth of business loans availed to them with a collateral exchange of their discharge certificates.
The NYSC Foundation mentioned that it may seek the assistance of the Economic and Financial Crimes Commission (EFCC) in the quest to recover the N16m worth of loans.
This news was made known by the NYSC Foundation Chief Executive Officer, Mr Bako Ventim, while speaking with newsmen at the soft loan disbursement program held at the NYSC Headquarters, Abuja.
The foundation chief stated that the foundation was still in possession of the defaulters’ discharge certificates and that their details will be published on national newspapers across the nation if they refuse to pay up.
Mr Ventim also expressed that the defaulting ex-corps members who have refused to pay back their credits have made it difficult for other ex-corps members to enjoy the benefits of this financial empowerment scheme.
The NYSC Foundation boss also expressed their bewilderment as to why the ex-corps members have refused to pay back, to the extent that the body had to verify with the certificates department if the collaterals were authentic.
Ventim went on to explain that the foundation does not wish to employ the expertise of the EFCC for these recoveries, but it is being forced to consider the option as defaulters have chosen to abandon their NYSC certificates.
The NYSC Director-General, Brigadier-General Shuaibu Ibrahim, concluded by urging the new recipients of the financial empowerment to make sure that the loans are repaid in time to avoid jeopardizing the opportunity for future corps members.