FG YEIDEP Grant: Questionable ₦350,000 Bank Alert Screenshot Surfaces Online

Nigeria Startup News

November 10, 2026

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A screenshot showing a ₦350,000 credit alert allegedly from the Federal Government’s Youth Economic Intervention and De-radicalisation Programme (YEIDEP) has surfaced on social media, asking questions about whether the programme has started paying beneficiaries.

The widely shared screenshot displays a United Bank for Africa (UBA) SMS showing a credit of ₦350,000 with the description “TNF-/Transfer from FG-YEIDEP”. It carries the date November 2, 2026.

However, the screenshot is not from the Federal Government as they have not yet made the payment. No new YEIDEP disbursement has begun. There is also No official announcement confirming this transfer.

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YEIDEP is a Federal Government initiative under the Federal Ministry of Youth Development, designed to support Nigerians through economic empowerment, in agriculture. The programme has previously warned Nigerians about false grant adverts and misleading online claims.

In April 2026, its Coordinator-General, Kennedy Iyere, disowned a fake advertorial claiming that YEIDEP was offering agricultural training scholarships and ₦500,000 grants in partnership with Fidelity Bank. The programme urged the public to rely on recognised newspapers and the ministry’s official communication channels for authentic updates.

The UBA screenshot should therefore be treated as unverified. Applicants should avoid paying anyone who promises to secure or release YEIDEP funds.

How to verify

YEIDEP applicants should not bother checking their bank balance and transaction history as there is no ongoing YEIDEP payments.

When the government is ready, all payments will be made through the various partner bank. Beneficiaries should only follow announcements from the Federal Ministry of Youth Development and YEIDEP channels. Do not rely on forwarded screenshots, disclose a personal identification number (PIN) or one-time password (OTP), or pay an agent to obtain a grant.

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