The Federal Government has issued an important advisory to Nigerians who applied for the Government Enterprise and Empowerment Programme (GEEP MONI), particularly beneficiaries and applicants of TraderMoni, FarmerMoni, and MarketMoni.
According to reports, some applicants have started receiving phone calls as part of an ongoing verification exercise. The calls are aimed at confirming information submitted during the application process before the programme moves to the next stage.
If you applied for any of the GEEP MONI schemes, this update is important and could help you avoid falling victim to fraudsters.
What is GEEP MONI?
The Government Enterprise and Empowerment Programme (GEEP MONI) is a Federal Government social investment initiative designed to provide interest-free or low-cost loans to Nigerians running small businesses.
The programme targets people who often struggle to access loans from commercial banks due to lack of collateral or formal banking requirements.
Through GEEP MONI, the government supports micro and small-scale entrepreneurs by providing access to funds that can help them grow their businesses, increase their income, and create employment.
The programme consists of three major loan schemes:
TraderMoni
TraderMoni is designed for petty traders and small business owners such as market women, roadside vendors, hawkers, artisans, and others operating small businesses.
Eligible beneficiaries receive loans that can be used to buy more goods, increase stock, or expand their businesses. Those who repay their loans successfully may qualify for higher loan amounts in subsequent rounds.
FarmerMoni
FarmerMoni focuses on supporting farmers and individuals engaged in agricultural activities.
The scheme provides financial assistance to help beneficiaries purchase farm inputs, improve productivity, expand their farming operations, and strengthen food production across the country.
MarketMoni
MarketMoni is targeted at small and medium-scale business owners, cooperative societies, artisans, traders, and entrepreneurs who require financial support to grow their businesses.
The loan is intended to improve business operations, increase working capital, and support enterprise development.
Verification Calls Have Started
Reports reaching Zoeeb indicate that some applicants have begun receiving telephone calls from officials involved in the verification process.
The purpose of these calls is to confirm information supplied during registration and ensure that applicants meet the programme’s requirements before any further action is taken.
If you receive a verification call:
- Answer the questions honestly.
- Provide only the information you originally submitted during your application.
- Ensure the information you provide is correct and consistent.
Applicants who miss a call should not panic, as there are indications that another attempt may be made to reach them.
Never Share Your Banking Information
While verification calls are reportedly ongoing, applicants are advised to remain extremely careful.
You should never disclose any of the following information to anyone claiming to represent the programme:
- One-Time Password (OTP)
- ATM PIN
- Bank account password
- Mobile banking login details
- Debit card CVV
- Any other confidential banking information
Legitimate officials do not require these sensitive details to verify your application.
The Programme Is Free
Applicants should also remember that the GEEP MONI Programme does not charge any fee for:
- Registration
- Verification
- Processing
- Loan approval
- Loan disbursement
Anyone requesting money to register you, speed up your application, verify your details, or secure your loan is attempting to defraud you.
Watch Out for Official Calls
According to information received, some official verification calls may come from telephone numbers beginning with 020-200.
However, applicants should still exercise caution. Even if a caller claims to represent the programme, do not reveal confidential banking information or make payments.
What Applicants Should Do Now
If you applied for TraderMoni, FarmerMoni, or MarketMoni, you are advised to:
- Keep your mobile phone switched on.
- Answer unknown calls whenever possible.
- Provide only accurate information during verification.
- Never pay anyone to process your application.
- Never share your OTP, ATM PIN, passwords, or other sensitive financial details.
- Continue to monitor official announcements regarding the programme.
Final Note
The ongoing verification reports suggest that activities under the GEEP MONI Programme are progressing for some applicants. While many Nigerians are hopeful of benefiting from the initiative, applicants should remain vigilant and avoid individuals who promise to fast-track approvals in exchange for money.
Zoeeb will continue to monitor developments and provide verified updates on TraderMoni, FarmerMoni, MarketMoni, and other Federal Government empowerment programmes as more information becomes available.
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