ABUJA–The National Youth Service Corp (NYSC) Foundation has said it had become imperative for it to recover over N14.8 million debts, arising from soft loans granted ex-corps members over the years, for it to fulfill its purpose.
The foundation established in 2008 was a voluntary organisation that could be joined by any ex-corps members with N500 registration fees to have access to soft loan, if they have marketable business plan.
The Executive Secretary of the foundation, Mr. Adebanjo Akinnigbagbe, said that the only way to keep the loan facility alive was to recover the debts owed by beneficiaries which according to him, was taken from a revolving loan.
Akinnigbagbe, who disclosed this at the 2016 Desk Officers Workshop held in Abuja, charged desk officers to assist them in monitoring the beneficiaries to respect the agreement they had with the foundation.
His words; “In view of a great sore the foundation has, I want to remind the old desk officers and inform the new ones about a decision taken at our last meeting in 2013. This is the effect that desk Officers should assist in monitoring our loan beneficiaries who, as at today, owe us N14,808,000.00.
“This assignment has become even more relevant and of great importance to the foundation today because it is the money taken from a revolving loan and in order for the purpose it is serving not to collapse, those owing us should be visited and made to fulfill their obligation by paying up.”
The Chairman Board of trustees, NYSC Foundation, Mr. Abubakar Abdullah expressed their readiness to continue the soft loan facility, in spite of low demand.
He noted that only N6 million out of the sum of N10 million set aside as loan for beneficiaries was utilized so far.
“We still have that four million remaining, the board has not met to decide how much we are going to add but at worst we have something from last year and we will add another for this year.”
The NYSC Director of Corps Mobilisation, Mr Anthony Ani has called for partnership from organisations to aid NYSC in achieving its mandates.
“More than any other time this is when NYSC needs help because the population of corps members coming in is increasing by the day and government cannot do everything especially now that the resources of government is dwindling.
“This is the time we need serious partnership not just with the foundation but with any organisation that can help NYSC,” he said.
The foundation established in 2008 was a voluntary organisation that could be joined by any ex-corps members with N500 registration fees to have access to soft loan, if they have marketable business plan.
The Executive Secretary of the foundation, Mr. Adebanjo Akinnigbagbe, said that the only way to keep the loan facility alive was to recover the debts owed by beneficiaries which according to him, was taken from a revolving loan.
Akinnigbagbe, who disclosed this at the 2016 Desk Officers Workshop held in Abuja, charged desk officers to assist them in monitoring the beneficiaries to respect the agreement they had with the foundation.
His words; “In view of a great sore the foundation has, I want to remind the old desk officers and inform the new ones about a decision taken at our last meeting in 2013. This is the effect that desk Officers should assist in monitoring our loan beneficiaries who, as at today, owe us N14,808,000.00.
“This assignment has become even more relevant and of great importance to the foundation today because it is the money taken from a revolving loan and in order for the purpose it is serving not to collapse, those owing us should be visited and made to fulfill their obligation by paying up.”
The Chairman Board of trustees, NYSC Foundation, Mr. Abubakar Abdullah expressed their readiness to continue the soft loan facility, in spite of low demand.
He noted that only N6 million out of the sum of N10 million set aside as loan for beneficiaries was utilized so far.
“We still have that four million remaining, the board has not met to decide how much we are going to add but at worst we have something from last year and we will add another for this year.”
The NYSC Director of Corps Mobilisation, Mr Anthony Ani has called for partnership from organisations to aid NYSC in achieving its mandates.
“More than any other time this is when NYSC needs help because the population of corps members coming in is increasing by the day and government cannot do everything especially now that the resources of government is dwindling.
“This is the time we need serious partnership not just with the foundation but with any organisation that can help NYSC,” he said.
No comments:
Post a Comment