Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Naira Rebounds Against US Dollar after CBN FX Intervention

    October 28, 2026

    Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy

    October 28, 2026

    Tokenized Stock Dips as Meta Priced Equity Offering at Discount

    October 28, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Naira Rebounds Against US Dollar after CBN FX Intervention
    • Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy
    • Tokenized Stock Dips as Meta Priced Equity Offering at Discount
    • NVDAB Rises as Investors React to Nvidia’s Meta AI Investment
    • Investors Lock-in Yields Ahead of CBN Treasury Bills Auction
    • NGX Rises, Investors Gain N1.75trn Amidst Q3 Earnings Release
    • Dangote Cement Gains N3.896trn in 2 Days in Nigerian Market
    • GTCO Profit Falls by 12% to N614.6bn as Net Margin Slips
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, October 28
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » FG Denies Paying N80,000 to Survival Fund Beneficiaries

    FG Denies Paying N80,000 to Survival Fund Beneficiaries

    Marketforces AfricaBy Marketforces AfricaOctober 30, 2021 News No Comments2 Mins Read
    FG Denies Paying N80,000 to Survival Fund Beneficiaries
    Maryam Katagum, Minister of State, Industry, Trade and Investment
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    FG Denies Paying N80,000 to Survival Fund Beneficiaries

    The Federal Government has warned Nigerians to be wary of fraudulent messages making the rounds over the purported payment of N80,000 to beneficiaries of the Survival Fund Scheme.

    A statement issued in Abuja, on Saturday, by the Project Delivery Office (PDO) of the Scheme, said that the news of such payment was the handiwork of fraudsters seeking to scam unsuspecting members of the public.

    It stressed that the Steering Committee of the MSMEs Survival Fund and the Guaranteed Off Take Stimulus Scheme headed by the Hon Minister of State, Industry, Trade and Investment, Amb. Maryam Katagum was unaware of the fraudulent collation of account details.

    “The attention of the Steering Committee of the MSMEs Survival Fund and the Guaranteed Off Take Stimulus Scheme has been drawn to an ongoing fraudulent social media campaign requesting individuals to drop their account details on a WhatsApp platform to access N80,000 as stipends under the Payroll Support scheme.

    “The notice requesting the public or individuals to disclose their account details on a WhatsApp platform is fraudulent and should be disregarded by all and sundry, as this message is not from the project delivery office of the scheme.

    “The procedure for the implementation of all tracks of the survival fund and guaranteed off-take stimulus scheme does not require a public display of account details to individuals or groups.

    “It is also pertinent to note that under no track of the scheme are beneficiaries given the sum of N80,000 either in instalments or in whole.

    “The amount given to beneficiaries remain N30,000 and N50,000 for Payroll Support; N30,000 for Artisans and Transport Grants; N50,000 for the General MSMEs Grant; and N100,000 per MSME for the guaranteed off-take stimulus scheme.

    “The steering committee wishes to state that the purported scheme is not known to the government, hence the general public is enjoined to disregard any message(s) from any individual or group requesting them to submit account details,” the statement said.

    The statement pointed out that the steering committee had established lines of communication with the general public and beneficiaries, including prospective ones, and will deploy the same in providing updates to all stakeholders. # FG Denies Paying N80,000 to Survival Fund Beneficiaries

    Read Also: CBN denies allegation of missing, stolen money

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Naira Rebounds Against US Dollar after CBN FX Intervention

    Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy

    Tokenized Stock Dips as Meta Priced Equity Offering at Discount

    NVDAB Rises as Investors React to Nvidia’s Meta AI Investment

    Investors Lock-in Yields Ahead of CBN Treasury Bills Auction

    NGX Rises, Investors Gain N1.75trn Amidst Q3 Earnings Release

    Add A Comment

    Comments are closed.

    Editors Picks

    Naira Rebounds Against US Dollar after CBN FX Intervention

    October 28, 2026

    Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy

    October 28, 2026

    Tokenized Stock Dips as Meta Priced Equity Offering at Discount

    October 28, 2026

    NVDAB Rises as Investors React to Nvidia’s Meta AI Investment

    October 28, 2026

    Investors Lock-in Yields Ahead of CBN Treasury Bills Auction

    October 28, 2026
    Latest Posts

    Naira Rebounds Against US Dollar after CBN FX Intervention

    October 28, 2026

    Bitcoin Retakes $80k Price Range Ahead of US Fed Rate Policy

    October 28, 2026

    Tokenized Stock Dips as Meta Priced Equity Offering at Discount

    October 28, 2026

    NVDAB Rises as Investors React to Nvidia’s Meta AI Investment

    October 28, 2026

    Investors Lock-in Yields Ahead of CBN Treasury Bills Auction

    October 28, 2026

    Subscribe to News

    Get latest news from MarketForces Africa...

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.