Union Bank Starts BVN Verification for the Disbursement of YEIDEP N50,000-N500,000 Grants

Credit: Facebook

As of October 2025, the Youth Economic Intervention and De-Radicalization Empowerment Program (YEIDEP) has advanced to its next phase, which is particularly significant for recipients connected to Union Bank. 

Union Bank has grabbed the lead in processing and is the first financial institution to finish compiling bank account details for YEIDEP participants, according to the most recent update. 

The BVN (Bank Verification Number) verification stage is now formally underway at Union Bank.

 To make sure that each beneficiary on the list is a valid application and eligible to receive the ₦50,000 to ₦500,000 grant payment, this step is essential. 

 It is anticipated that the verification will lower errors and stop false claims, improving the accuracy and transparency of the award process.

It's crucial to confirm that your BVN corresponds with the information you previously gave if you submitted your information for YEIDEP under Union Bank. 

This contains your bank account information, phone number, and name. Any discrepancy could result in delays or exclusion from the list of beneficiaries. 

 The incentive is a component of a larger national initiative that supports small enterprises throughout Nigeria and aims to lower young unemployment. 

 Union Bank's progress indicates that their group may be the first to receive payments shortly after successful BVN validation, while thousands of shortlisted applicants are now awaiting payment.

 The BVN check step is anticipated for applicants connected to other institutions, including as Access Bank, Zenith, First Bank, and UBA, who are currently undergoing document verification.

To ensure they don't lose out, all applicants should: Verify that their bank information and BVN match. 

Don't register more than once. Keep up with verified platforms' official YEIDEP updates. Pay attention to instructions via email or SMS. 

 Union Bank beneficiaries might be first in line after verification is complete, and the next update will probably contain precise payment dates. 

 Many young Nigerians are now one step closer to getting their government-backed grant support thanks to this move, which represents a significant advancement in the YEIDEP payout timeline for October 2025.

Source: MSME Africa

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