Trending on social media are claims of applicants flooding banks nationwide to register for a N70,000 monthly empowerment programme tied to the Youth Economic Intervention and De-Radicalization Programme (YEIDEP).
Some netizens claimed to have seen large crowds gathered at branches of some YEIDEP partner banks, including Keystone and Fidelity. This followed viral social media posts urging applicants to bring their Bank Verification Number (BVN), National Identification Number (NIN), and passport photographs for registration.
In response, latest claims surfacing online state that Fidelity Bank Management has reportedly issued an important notice on the Youth Economic Intervention and De-Radicalization Programme.
“Dear Customer,
Please be advised that, although Fidelity Bank is one of the approved partner banks under the Youth Economic Intervention and De-Radicalization Programme (YEIDEP), we are not aware of any directive requiring customers to open an account in order to receive N70,000 under the programme previously known as the Nigerian Youth Economic Engagement and De-Radicalization Programme (NIYEEDEP).”
“Kindly note that any request to open an account will be treated solely as the customer’s formal request to open an account, and not as a prerequisite to qualify for, or receive, any N70,000 payment.”
Previously, Nigeriastartupact.ng reported Fidelity Bank’s message which notified candidates to note that “an account will be considered inactive after six months of no customer-initiated transactions (either credit or debit), regardless of the account balance.” The bank, like other YEIDEP partner banks, advised YEIDEP hopefuls to fund their accounts and perform basic transactions such as airtime purchases to keep them active. Some applicants already obtained their YEIDEP ATM cards.
YEIDEP disbursement of between N50,000 and N500,000 was rumored to begin between October 20 and 30, 2025, but as of now, there have been no confirmed payments yet.
Attached below is a copy of the ‘unverified’ Fidelity notice in circulation:
