Bank Initiates Verification Process Of N50,000 Disbursement to 500,000 Nigerians

“YEIDEP Grant Update: Union Bank Advances BVN Verification for N50,000 - N500,000 Disbursement"

Union Bank Leads YEIDEP Grant Disbursement Efforts

As of October 2025, the Youth Economic Intervention and De-Radicalisation Empowerment Programme (YEIDEP) has reached a significant milestone, with Union Bank taking the lead in finalizing bank account details collection for beneficiaries. The bank has now initiated the Bank Verification Number (BVN) verification phase, a crucial step to ensure the legitimacy and eligibility of applicants for the N50,000 to N500,000 grant.

Importance of BVN Verification

The BVN verification process is designed to:

- Minimize errors

- Combat fraud

- Ensure transparency and accuracy in grant distribution

What Union Bank Beneficiaries Need to Do

If you're a Union Bank beneficiary, it's essential to verify that your BVN information matches the details you submitted, including:

- Name

- Phone number

- Bank details

Any discrepancies may lead to delays or removal from the beneficiary list.

About YEIDEP Grant

The YEIDEP grant is a national initiative aimed at addressing youth unemployment and supporting small-scale businesses in Nigeria. With thousands of applicants awaiting payment, Union Bank's progress is expected to facilitate timely disbursement of funds to beneficiaries following successful BVN verification.

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