FACT-CHECK: Beware!! Fake Link To FG/CBN Grant In Circulation



On Wednesday, January 13, 2021, fact-checkers at the Centre for Democracy and Development (CDD) spotted a WhatsApp broadcast claiming that the Federal Government in conjunction with the Central Bank of Nigeria (CBN) would disburse grants to 500,000 Nigerian youths.

The broadcast also claimed that the grant has been earmarked for the youth through the Nigerian Youth Investment Funds for their empowerment. Also attached to the broadcast is a link for interested applicants.

The claim reads in parts; the federal government in conjunction with CBN begins the disbursement of NIGERIA YOUTH INVESTMENT FUNDS to empower 500,000 Youths Nationwide.

The Government grant is available to everyone till the 15th of Jan 2021

APPLY HERE ===> https://bit.ly/CBN–Youth-Grant

A screenshot of the WhatsApp message in circulation


An investigation by CDD shows that the WhatsApp message in circulation is fake and not from the CBN or the FG.

The CDD gathered that the claims tried to imitate FG’s Nigerian Youth Investment Fund (NYIF), an initiative of the Federal Ministry of Youths and Sports Development, that was designed to financially empower Nigerian youths through the provision of at least 500,000 jobs between 2020 and 2023.

The authentic link for the FG approved initiative can be accessed on the website of the FMYSD and the CBN.

Further checks by CDD fact-checkers show that this is one of the methods used by internet fraudsters to have access to peoples’ personal information including bank details.

The application process, which is also in stages would request for the applicant’s details, including name, purpose, and type of the grant he/she is applying for. At the end of the application process, the applicant is then requested to share the opportunity with the link to 15 people on WhatsApp for completion.

Screenshot of details from the fake link

Speaking to CDD fact-checker, Areola Oluwakemi, the Special Assistant to the Minister of Youth and Sports Development on ICT and Coperate Relations confirmed the link is fake.

Oluwakemi said approved initstaive link is “100 per cent different” from what that is being shared on WhatsApp. She also urged Nigerian youths to always visit the website of the FMYSD (https://youthandsport.gov.ng/) to access the FG grant.

“They should always go to our website and follow the directives on the approved link from there avoid being scammed by these fraudsters,” Oluwakemi said.


The link circulating on WhatsApp on FG/CBN Nigerian Youth Investment Fund is false. The link has been created by online scammers to defraud unsuspecting Nigerians.

However, an authentic website link is provided on the official website of the Ministry of Youth and Sport Development and the CBN website.

CDD urges the general public to always verify every information before dissemination.

CDD is urging Nigerians to always verify the authenticity of stories before sharing them.

You can forward suspicious messages for verification via +2349062910568 or contact us on Twitter @CDDWestAfrica

#StopFakeNews #StopDisinformation

Center for Democracy and Development West Africa| CDD West Africa