Featured
We Are Not Advertising For Trust Fund, Do Not Fall Prey, NYSC Warns Nigerians

Joel Ajayi
The Management National Youth Service Corps has described NYSC’s Trust Fund NYSCTF advertisement making rounds on social media as fake thereby, urging the general public to beware of fraudsters bent on defrauding innocent Nigerians.
In a statement issued on Saturday in Abuja by the Director, Press and Public Relations of the Scheme Eddy Megwa said that the advertisement is not from the National Youth Service Corps.
According to the statement; “The attention of NYSC Management has been drawn to the above fake advertisement making the rounds, especially on the social media.
“Management wishes to state emphatically that the advertisement is not from the National Youth Service Corps. It is the handiwork of fraudsters bent on defrauding unsuspecting Nigerians, particularly serving and ex-Corps Members of their resources.
“The NYSC Trust Fund is still awaiting Mr. President’s assent.
“Therefore the existence of an NYSC Portal and link to register for the fund is only a ruse. When the Trust Fund is passed into Law, modalities to access the fund shall be officially made known to Nigerians through the print and electronic media as well as NYSC official handles in social media, among others. Please, do not fall prey to fraudsters.”
Business
FG To Seize Mortgaged Property of Defualting Retiring Public Servants

Joel Ajayi
Federal Government Staff Housing Loans Board will henceforth seize mortgaged properties of retiring federal public servants who failed to fully repay the housing loans advanced to them by the board.
In a statement issued by the Staff Housing Loans Board Head, Information & PRU Obiechina Ngozi on Wednesday in Abuja reveals that this is in accordance with the Public Service Rules 021002 (p) as issued by the Office of the Head of the Civil Service of the Federation.
The OHCSF sent out the memo as a reminder for the federal public servants who are about to retire to adhere strictly to the provisions of the Public Service Rules.
The memo reads; “I am directed to bring to your attention the provision of Public Service Rule (PSR) 021002 (p), which mandates all public servants to obtain a Certificate of Non-indebtedness to the Federal Government Staff Housing Loans Board (FGSHLB) and any MDA Staff Multipurpose Cooperative Society, as issued by the OHCSF, as a prerequisite for retirement.”
“Further to the above, it should be noted that in the event of exiting the service prior to full repayment of the housing loan advanced by the FGSHLB, the Board shall exercise its legal right to seize the mortgaged property.”
Speaking on the above, Salamatu Ladi Ahmed, Executive Secretary, FGSHLB, reiterated that the warning is also for retired officers who defaulted.
She stated that the management of the Board, on its part, is compiling the list of all retired federal public servants who are still owing the housing loans they obtained while in service, to be sent to relevant regulatory agencies to recover the debts from them.
FGSHLB is committed to ensuring that all public servants comply with this rule and obtain the necessary Certificate of Non-indebtedness before retirement, and urge all those affected to take immediate action and settle any outstanding debts or liabilities with the Board.
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