News

Credicorp: NYSC Unveils N200,000 Loan Scheme For Corps Members

Published

9 months ago

August 6, 2025

The Nigerian Consumer Credit Corporation has unveiled a new initiative to empower corps members with access to single-digit interest loans of up to N200,000 under a programme dubbed “YouthCred.”

The scheme officially kicked off on Wednesday in Abuja with the signing of a Memorandum of Understanding between Credicorp and the National Youth Service Corps.

Speaking at the ceremony, the Managing Director/CEO of Credicorp, Uzoma Nwagba, disclosed that N9bn has been earmarked for the first phase of the programme, targeting NYSC members nationwide.

He explained that the initiative goes beyond credit access, aiming to instill responsible borrowing habits and financial planning among young Nigerians.

He said the programme is part of President Bola Tinubu’s consumer credit drive announced during his Democracy Day address on June 12.

“The heart of YouthCred is actually not just credit, but credit orientation that is teaching young Nigerians, especially as they are coming into the workforce, teaching them good credit habits, teaching them how to build a credit history, teaching them how to plan financially and borrow responsibly, and then ultimately also giving them credits that enables them to access goods and services,” he said.

Eligible corps members will be required to complete a brief digital credit education course before they can access the loans.

Those who repay promptly can gradually qualify for higher amounts, up to the N200,000 cap.

The loans are expected to support a variety of needs including relocation, acquisition of work tools and devices, skills training or small-scale business funding.

Nwagba emphasised the strategic importance of the NYSC scheme to national development, describing it as a “national gold mine for credit reorientation.”

“Our first target for this is N9 billion. But like I said in the signing ceremony, the loans will grow, and the amounts will grow as the programme continues to gain adoption,” he added.

He urged beneficiaries to embrace the opportunity with discipline, stressing that repayment is vital to sustaining and expanding the scheme.

In his remarks, the Director-General of the NYSC, Brigadier General Yusha’u Ahmed, who was represented by Brigadier General Olakunle Nafiu, hailed the initiative as “epoch-making,” praising Tinubu for prioritising Nigerian youths.

The DG assured Credicorp of NYSC’s full cooperation, including the integration of credit education modules into orientation and training programmes.

He added that the programme would not only empower corps members during service but also prepare them for life afterward, creating a generation of financially literate, credit-worthy, and business-minded Nigerians.

He stated, “I am glad and I want to thank the MD/CEO of CrediCorps and his staff for this initiative and partnership. I particularly would like to appreciate His Excellency, Mr President, for having the Nigerian youths at heart and driving this initiative.

“It shows that Mr President is committed to this, and he’s passionate about this. We are glad that we are recognised at that level.”

News

Edo NLC Crisis: Caretaker Committee Drags Rival Exco, Govt To Court

Published

12 hours ago

May 6, 2026

Editor

The division in the Edo State Council of the Nigeria Labour Congress (NLC), took a new dimension on Wednesday as Prof. Monday Monday Lewis Igbafen-led caretaker committee approached the National Industrial Court of Nigeria, Benin Judicial Division, seeking to affirm its authority and restrain a rival executive from parading itself as the council’s leadership.

Joined in the suit are the Edo State Government, the Commissioner for Labour and Productivity, and the Attorney-General and Commissioner for Justice.

In a suit marked: NICN/BEN/12/2026, and filed before the court in Benin, the claimant, Igbafen, acting for himself and on behalf of the NLC Caretaker Committee in Edo State, is challenging the continued occupation of the union’s secretariat and control of its assets by members of the Bernard Egwakhide-led factional State Executive Council.

The claimants are asking the court to declare that the caretaker committee (Igbafen-led faction), constituted on August 11, 2025, by the NLC national leadership, remains the only lawful authority to administer the affairs of the Edo State Council pending fresh elections.

They further seek a declaration that the continued occupation of the NLC secretariat located at No. 1 Teboga Road, Benin City, as well as the retention of union assets, financial records, and official instruments by the defendants, is illegal and void.

The suit also prays for an order of perpetual injunction restraining the defendants from parading themselves as officials of the NLC Edo Council or interfering with the functions of the caretaker committee.

In addition, the claimants are seeking a mandatory order compelling the defendants to immediately hand over the secretariat, vehicles, financial documents, cheque books, and all other properties belonging to the union.

The caretaker committee further urged the court to restrain the state government and its officials from interfering in the internal affairs of the union, alleging undue support for the dissolved executive.

The claimants further demand N50 million as general and exemplary damages against the defendants for alleged unlawful usurpation of office and acts prejudicial to the administration of the council.

According to court documents made available to our correspondent, the crisis followed the dissolution of the Edo State Council by the NLC National Executive Council on February 27, 2025, over allegations of misconduct, anti-union activities, and constitutional violations.

However, the matter has yet to be assigned a hearing date.

News

Transfer: Premier League Clubs Scramble For Dele-Bashiru

Published

18 hours ago

May 6, 2026

Editor

Lazio midfielder, Fisayo Dele-Bashiru is a subject of interest from three Premier League clubs, according to Sky Sports.

Lazio reportedly rejected offers from Nottingham Forest and Bournemouth for the Nigeria international in January.

La Biancolesti are bracing for more interest in Dele-Bashiru ahead of the summer transfer window, according to Sky Sports.

The 24-year-old has two years left on his contract with the Serie A club.

The attacking midfielder joined the Rome-based club from Turkish Super Lig outfit Hatayspor in 2024.

He has been a regular feature for Lazio this season.

News

Xenophobic Attacks: Nigerian Students To Picket MTN, MultiChoice, Other Businesses

Published

19 hours ago

May 6, 2026

Editor

The leadership of the National Association of Nigerian Students, NANS South-West Zone D, has announced plans to picket South African companies in Nigeria following the ongoing xenophobic attacks in the country.

DAILY POST reports that some Nigerians were recently killed in South Africa over the violent attacks.

A statement issued to newsmen by Comrade Adeyemo Josiah Kayode, Coordinator, NANS South-West, Zone D, said that the association is mobilizing to take decisive and lawful action by organizing peaceful picketing and mass advocacy against South African business interests operating in Nigeria.

“We categorically state that the continued targeting of Nigerians under any guise is unacceptable and must come to an immediate end.

“This will include major corporations such as MTN Group and MultiChoice Group. It is morally indefensible for businesses to thrive in an environment where the lives of Nigerians are protected, while Nigerians are subjected to fear and violence elsewhere.

“This contradiction will no longer be tolerated,” the statement said.