MSME Survival Fund: Beware of Scammers, FG Warns Nigerians

The Federal Government has warned Nigerians to be wary of fraudsters claiming to be disbursing an 80, 000 naira Micro, Small and Medium Enterprises (MSME) Survival Fund.

Mr Iola Johnson, Coordinator, Project Delivery Office (PDO) of the Federal Government’s MSME Survival Fund Scheme, said in a statement released on Monday that the scammers strive to steal from unsuspecting members of the public.

“The fraudsters scam the public under the guise of the MSME Survival Fund Scheme,” he said.

Although the tracks of the survival fund scheme have been closed, Johnson noted that the initial verification process did not compel beneficiaries to hand over their personal account information, as scammers required in the ongoing hoax.

“The public is thereby notified that requests circulated via social media and SMS for people to disclose their account details to benefit from the Survival Fund Scheme is a scam.

“Hence, members of the public should disregard such requests.

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“The public is asked to note that the only valid number for inquiries and information for the Survival Fund Scheme is 07004000500.

“The Scheme is also not disbursing the sum of N80,000 or any amount in grant or loan to individuals or businesses as advertised by the fraudsters.

Johnson further added that the committee in charge of the survival fund, which is chaired by Amb. Maryam Katagum, Minister of State for Industry, Trade, and Investment, has contacted law enforcement agencies to track down and prosecute the fraudster.

He went on to say that any new developments in the implementation of the survival fund program would be notified to the public through the steering committee’s formal channels.

Source: Nyscinfo

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Updated: January 17, 2022 — 4:55 pm

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Stephen Adoga

Stephen Adoga is a trained journalist, researcher, creative writer, content creator, video editor and freelancer. He studied Mass Communication at the Lagos State Polytechnic, Ikorodu, where he acquired requisite training for the practice of journalism. He loves the media. His interest mostly lies in the print medium where his creative writing skill makes him a perfect fit.

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