N16m loans: 75 ex-corpers abandoned certificates —NYSC Foundation

The National Youth Service Corps Foundation has said it is currently searching for about 75 ex-corps members who fled with about N16m business loans given to them, after using their discharge certificates as collateral.

The NYSC Foundation noted that it may be forced to contact the Economic and Financial Crimes Commission to recover the N16m loans which the former corps members had failed to repay for several years.

The NYSC Foundation Chief Executive Officer, Mr Bako Ventim, stated this in an interview with our correspondent in Abuja on Friday, during a soft loan disbursement programme at the NYSC Headquarters.

He added that the discharge certificates of the 75 defaulting ex-corps members were with the foundation and would soon be published in the national dailies except they paid.

He noted that the inability of the fleeing corps members to repay the loans had hindered more ex-corps members from benefiting from the financial empowerment scheme.