Ishiba Grant Disbursement Date 2021 SEM Update

Just as usual, here’s an exclusively detailed piece about the Ishiba grant you’ve been wanting to understand.

Don’t worry, I’ve got all you need as this NGO for development and empowerment is REAL.

I know you’ve got a lot of questions about the Ishiba development and empowerment center, ishiba grant disbursement date 2021, and that’s the reason for this detailed post.

Update on July 5th 2019 will be given towards the end of this post. EFFC has been ordered to pay SEM N2,000,000 for taking measures without warrant. Summary of the court proceeding and outcome at the end of the post.

Important Ishiba Update November 14th 2019:

Update on November 14th 2019 has turned out to be a refreshing and hopeful one. The meeting between the National Coordinators of various NGOs and Cooperatives with the Social Exchange Market (SEM) was concluded and successful.

There will be a passbook that shall be made available to every Outlet by SEM. This passbook is equivalent to the value of the grant (10 Billion), and directives about disbursement has been given. 

More about the Ishiba update at the end of this post.

So, let’s take it from the very beginning.

What Is Ishiba NGO Empowerment Programme In Nigeria?

Ishiba Development and Empowerment Center is an architect of positive reformation, a bundle of monumental achievements that cut across all ages, a timely intervention that proffer solution to the current dilapidated economy.

ISHIBA Development and Empowerment Center (NGO) is also a multi purpose cooperative society founded by Evangelist Elizabeth N. Praise in 2006 but duly registered under the Nigerian Cooperate Affairs Commission, on the 25th of August 2016 in Abuja.

Ishiba Development and Multipurpose Centre is an NGO charged with the mandate of combating poverty, hunger and social injustice. YES, that’s where the Ishiba grant comes in. But first, let’s meet the team.

Ishiba Team

The Ishiba grant is made up of 36 state co-coordinators cutting across the South, East, North and West. You can find out more about the contact details of each Ishiba team member right in the states page of this NGO.

Regional Address

What Ishiba NGO Does

Many things I’ll say. It cuts across teaching God’s word, agriculture, skills, Grants, health, Education.

God’s word: Since it is a non-governmental organization (NGO), this organization claims to teach people the way of God, which is very important in life.

Agriculture: Ishiba wants to offer a helping hand in the agricultural sector. they’re therefore making agriculture an integral part of their initiatives by encouraging more people to go into the sector.

One strategy is organizing seminars and workshops on specific agriculture with professional mentorship programs; supply of seeds and inputs, fertilizers, pesticides and provision of general production expenses.

Skills: Ishiba believe’s in skills because according to a 21st-century economist, “all money you will make in this generation must come from solving a problem”.

Grant: The organization don’t play down on the realism that what people really need is money. Most times, businesses can’t move unless there is start-up money. Because of this simple realism, Ishiba grant Capitals to budding entrepreneurs.

There’s more to what this organization does, learn more on their website – www.ishibadcs.org

Is Ishiba Grant Real?

Is Ishiba Real? Plain and simple, we are convinced to some extent. Nothing is 100% certain until proven otherwise.

With thorough research about loans and grants that are true, the Ishiba grant is unique (because it’s a grant and not loan).

We’ve written about loans for corps members and thousands of National youth service corps members have benefited.

Also our list of loan lending platforms in Nigeria and BOI loans for graduates have been of value to thousands of searchers across the country.

More so, we’ve just written about the trending trader money by the Federal Government, you should check that out as well.

What is Ishiba Grant?

According to Wikipedia, Grants are non-repayable funds or products disbursed or gifted by one party, often a government department, corporation, foundation or trust, to a recipient, often a non-profit entity, educational institution, business or an individual.

Unlike loans, grants are not to be paid back. So, the Ishiba grant no matter how much you fill when applying will not be paid back.

Ishiba is not like MMM or other current ponzi schemes that promises huge funds but turns out to be fake in the end, it is not a money doubling organization (Ponzi scheme) neither is it a networking business.

Has Ishiba grants been used to empower anybody before?

ISHIBA has empowered so many and is still empowering. For now, Ishiba grant has gone into empowering only those who are considered less privileged, like widows, orphans, people who need money urgently as a matter of life and death.

They’ve also paid hospital bills, fund surgeries and provide life supporting facilities and materials to people in distress.

For more frequently asked questions which cuts across:

• Who is funding the grants (where is the money coming from)?
• How will the money be disbursed?
• and more… Please visit the FAQ page of Ishiba.

Ishiba Grant Disbursement Date – When Will Ishiba Pay?

Everyone is going to ask the question: “when will ishiba pay?” or when is “ishiba paying?” The truth is, there’s no fixed date, according to the team leader, Ishiba grants has made the team at Ishiba to work day and night to bring this to reality.

The mandate is to train and prepare 30 million Nigerians for business and agricultural grants came to ISHIBA in 2016 when ISHIBA still operated as a cooperative society.

With this mandate, ISHIBA was obligated to expand and repackage her activities to become an NGO.

Members who applied to undertake projects between the costs of hundred thousand naira and ten million have to wait for the international grant coming to ISHIBA.

There is no fixed date yet, but with the recent speed up of talks, processing and more, we can assure you that it is almost ready for disbursement.

In order words: DON’T BE LEFT OUT. Grab a form, fill it, choose your desired business project (could be in millions of Naira) and YOU WILL get that funding.

Also Read: 4 ways cooperative societies can help you achieve your financial goals

Ishiba Registration Form

So, how do you become a member? In other words, how can you be a beneficiary of this grant from Ishiba NGO? You have to follow the steps below and register by picking one ishiba form.

Here’s what the form looks like:

Amount Needed to Become a Member of Ishiba Nigeria

So, what is the total cost of becoming a member? The membership form is 500 Naira, while the certificate costs 1000 Naira and another 500 Naira for general logistics.

The total is 2,000 Naira only. Anything higher than this is not ISHIBA.

Must Read: Top 11 online loan apps to get loans in 5 minutes!

How to Become a Member Online and Benefits

Concluding Notes On Ishiba Grant

The Ishiba grant has been trending as the organization has done everything to make the grant ready.

Disbursement: Over ten to twenty-five Ishiba microfinance banks will be created in each state of the Federation (including Abuja).

Apart from thousands of bank workers to be employed, One billion Naira will be given to each of these Microfinance banks throughout Nigeria to empower millions of people.

For the first time, Nigerians (especially citizens in the grass root) will be empowered.

The woman behind the scene – Mrs Elizabeth Brade has been working tirelessly over the past few yesrs to make this dream come true.

One of the state coordinators of the ISHIBA grant – called Mrs Elizabeth ‘the Queen Elizabeth of Nigeria’ who has come to deliver Nigerian masses from poverty.

IMPORTANT ISHIBA UPDATE as of May 26th, 2018

On 29th of April, news reaching us have been confirmed that members of executives of Ishiba in every state throughout the country are required to sign some documents (terms and conditions) in Abuja.

This have started about two weeks ago and so far, all concerned executives (chairman & secretary of each micro-finance bank to be created), in about 6 states which include Kwara, Kogi, Benue and Abuja have signed.

As of May 25th 2018, executives in the eastern part of the country as still signing necessary document.

Also on 25th of May, the President of the ISHIBA NGO appeared on National TV and here’s a short clip from what she’s said.

Related: Meaning of The Shared Agents Network Expansion Facility

She as also appeared on other TV stations as well.

Important Ishiba latest news as of June 8th 2018: As of this day, updates reaching us confirms that signing of necessary document is complete.

Between June 20 to 25th, all state coordinators are to meet at Abuja to have a meeting with the Minister of Finance of the federation and other ministers. The outcome of the meeting once we receive updates will be posted.

Important Update as of July 1st 2018: Directors and Chairmen of Ishiba micro finance banks to be opened, will be called on for disbursement.

Here’s the Latest Update from the desk of the General Manager Social Exchange Market, No 12 Dan Suleiman Street Utako Abuja:

When invited to Abuja for disbursement, they’ll be introduced to the commercial bank allocated to them (E.g Diamond bank, Union bank, etc.)

They’ll be given all necessary account opening requirements (duly arranged by SEM and the banks), they’ll get back to their locality, locate the nearest branch of that bank, open the account in the name of the bank and lodge in the cheque.

Directors and applicants will also get their funds in installments. However, there’s a tracking process put in place, it’s a collaboration between the CBN, EFCC, SEM and the commercial banks to avoid any kind of diversion of funds meant for beneficiaries.

Important Update of August 13th 2018

It has come to the notice of the donors of Ishiba and the Security Exchange Commission that some individuals have taken more than one form, even forms from other NGO’s, and this has called for great scrutiny.

The disbursement supposed to have commenced but due to multiple data entry, and misconduct of some NGOs and executives, this is one of the key reasons why the disbursement had to be paused and they started to re-verify data submitted.

Some individuals have registered multiple names with one bank account, some state coordinators in charge of creating micro finance banks have collected funds from rich individuals and created banks in their name, some have sold already submitted forms to other directors that are just creating new micro finance banks.

All these has been frowned at, as one individual can’t collect the grant from two or more NGOs . Also, some banks may be canceled. All these are what is being sorted out at the moment.

As of Monday, August 13th 2018, some states like Osun, Oyo, etc. had to call or text people who have filled Ishiba forms but didn’t include their bank details. This data (beneficiary name and name on the account number) will be used during this re-verification process.

Important Update of November 19th 2018 Ishiba latest

Reaching us today, November 19th is an audio recorded by the Head of Ishiba in Nigeria her self.

She has frowned at people using the name of Ishiba fraudulently to extort people and most importantly, those who have been discrediting her hard work over the years, through their negative news and rumors.

Important Update of March  19, 2019

News reaching us as we’re following ishiba disbursment date is that all microfinance banks cheques is now at the central bank, BUT disbursement will be secret, as a particular date has not been stated.

Important Update of June 5th, 2019

On the 11th of September, 2018, The Social Exchange Market filed a suit against EFCC challenging their actions for invading the premises of SEM located at 12, Dansuleiman Street, Utako, Abuja, on the 28th day of August, 2018 and carted away seven computers, Universal Collateral Registers and Ledgers meant for its operatives.

The EFCC Lawyer, Mss Deribe stated that the EFCC got a petition from one Abubakar Abah against one Mrs Elizabeth Praise Ngozi, the President and Founder of ISHIBA EMPOWERMENT NONE GOVERNMENTAL ORGANIZATION alleging fraudulent activities from the said NGO under the auspices of Social Exchange Market anchored by one Mr Donald Olorunkeyede.

The petition was copied to The Central Bank of Nigeria. According to her, that was her clients invaded the applicant’s business premises and did what they did.

On examination of the questions enumerated above, the Judge ruled that the EFCC has the powers to carry out a financial investigation on all and sundry but within the ambit of the law. She declared that the EFCC ‘s action was without recourse to the law and entered judgment in favor of SEM and awarded her the following reliefs:

1. That the said EFCC has been barred from interfering with the applicant’s business henceforth;
2. That EFCC should tender an unreserved apology to the applicant and publish it on three national dailies, within thirty days;
3. The EFCC should pay damages of two million naira only to the applicant.

Important Ishiba Disbursement Update As of October 1, 2019:

SOCIAL EXCHANGE MARKET INTERNATIONAL EMPOWERMENT GRANT BUSINESS PLAN/PROJECT GUIDE PROPOSE TEMPLATE.

Every serious business venture is required to have a clear road map that ensures the success and sustainability of the business as well as its goals, direction and objectives.

The SEM project has faced a lot of challenges and is geared toward commencement and thus requires a customized business plan and project guide to ensure compliance with the laid down expectation of SEM for every beneficiary.

Below is a proposed template that captures most important details in the business plan.

Long story short, as Ishiba is well informed that the SEM will play an important role while ensuring that the grant is disbursed, here’s how the disbursement to NGO’s will be granted.

Disbursement is to be released in trenches based on approved amount for the project.

1st Trench – Phase one of the project – 35% of approved amount. After monitoring and assessing the level of implementation and compliance. The second trench of the grant will be released.

2nd Trench – Phase 2 of Project – Another 35% of the approved amount. After further assessing level of implementation and compliance, the final trench of the grant will be released.

3rd/Final Trench – Phase 3 of project – 30% of the approved amount. The monitoring and evaluation team is to have a template for evaluation to approve funds release at various phases.

All this is given out and signed by Akin Soyode, E.D, S.EM.

Important Ishiba Disbursement Update As of November 14, 2019

So, National coordinators of the Ishiba Empowerment programme and the Social Exchange commission have met once again, this November 2019.

As said by the Ishiba President in Nigeria, Elizabeth Ngozi Praise and the National Secretary:

The major discussion and deliberation that took place in the cause of the meeting is in regards to the disbursement of SEM grant and the modalities that MUST be strictly adhered to.

There will be a passbook that shall be made available to every Outlet by SEM. This passbook is equivalent to the value of the grant (10 Billion).

It shall be issued by SEM through the various National Coordinators of NGOs and Cooperatives to the Outlet Chairmen under them.

In this regard, there shall be a COLLATION CENTRE in the Six (6) Geopolitical zones of Nigeria where each State and their various Outlets that fall within such zones shall submit their ledgers in hard copies.

The submission of these ledgers shall be done by the respective Outlet Chairmen. These collation centers shall be set up in tandem with SEM by the National Coordinators of various NGOs and Cooperatives which shall handle both the Ledger Submission and the collection of the Passbook.

The PASSBOOK shall be received by the National Coordinator and handed over to the various Outlet Chairmen during this exercise.

The dates, time and venues of these exercises in various Geopolitical zones shall be communicated as soon as possible.

I wish to sound a clear note of WARNING and INSTRUCTION to all State Coordinators that NO FORM OF MONETARY COLLECTION FROM THE VARIOUS OUTLET CHAIRMEN IS ALLOWED. This MUST be strictly adhered to without fail.

Each of the grant received MUST be strictly utilized for the execution of the project for which it was applied by the various beneficiaries.

No form of diversion shall be entertained for any reason. It is in this regard that every State Coordinator in function with the National Monitoring Team must ensure that this is adhered to without fail.

Each Outlet is expected to fill a feedback form after the collection of the passbook which will carry the details of the Passbook received.

During the Passbook collection exercise, Micro Finance Outlets that paid before July, 2018 and has not received their MF certificates shall receive them.

Outlets with physical Offices and had incurred expenses should clearly state the number of expenses incurred.

The amount must be true and realistic. The expenses should include exclusively Office rents, Staff salaries and Operation or running costs.

Every of the above expenses must have evidence to connote that it was incurred in terms of receipts and invoices as proof of its authenticity.

When these are clearly written and corresponding backups, it should be forwarded to the National Office for onward transmission to SEM who will act on them and do reimbursements where applicable.

THIS PARTICULAR INFORMATION IS APPLICABLE ONLY TO OUTLETS WITH PHYSICAL OFFICES.

Each State Coordinator should as a matter of urgency send evidence of payments for MFOs from the inception of the project till July, 2018 with corresponding names and details for treat and onward transmission to SEM.

This particular instruction MUST be acted upon promptly to avoid delays and unforeseen consequences. You are to send the above information swiftly.

In regards to the Project Proposal, you are by this update informed to attach the proposal to the MF ledgers that will be submitted at the various collation centers.

This development has negated the initial submission of the hard copies of the project proposal to the National Office directly.

Emails shall be provided for the forwarded of the entire document (Proposal and Ledger) soonest.

State Coordinators should ensure that no body is a Director in more than one bank. Please do this reconfirmation.

We sincerely want to appreciate all our state coordinators, Outlet PDs for the support in making sure Zethar was fully represented in the meeting held on 13th of Nov 2019 at Redemption Camp Ogun State between SEM and the NCs, we are happy to have you stand with us.

Points to Note:

1. The meeting was a huge success as the new order of communication is now SEM through the NCs to their PDs, the initial relationship is restored.

2. Very Vital documents regards disbursement were signed by various NCs in the meeting today on 13th November 2019.

3. Every Collation Exercise carried out before is being nullified and labeled Void.

4. We have been trained on how to obtain disbursement Pass/Cheque books for our outlets, organised Ledger collation/Submission of hard-copies for our outlets etc.

5. Time is of the essence in that regards ZETHAR has scheduled 21st and 22nd Nov 2019 for the point mentioned in number 4.

6. Please note that this Exercise is for those who have signed the UCR with their Certificates, those who signed without certificates are required to come with payment evidence, you will be attended to.

7. This Exercise is as good as getting the grant itself as a failure on the side of any PD to come will lead to omission from the disbursement process.

8. The venue for the exercise will be communicated before the weekend, further instructions will equally be sent through our state coordinators to relate to all PDs domicile within their region.

9. You are kindly advised to disassociate yourself with any gathering or any association that doesn’t have a defined relationship with both SEM and ZETHAR.

10. NGOS and cooperatives under SEM are now referred to as Service organizations in the Appropriation of the grant.

God bless you all.

Zethar MPCS
National Sec.

Important Ishiba Grant Disbursement Update As of November 3, 2020

As events have unfolded for about a year, still the Ishiba empowerment program has yet to give grants to individuals who registered.

Today, November 3, 2020, information gathered as shown that there’s more than 50% chance that the grant will be disbursed this month.

It turns out that to save the name of the ISHIBA NGO, the executives have gone extra mile to secure other grant funding sources so as to maintain its credibility. This would now be via TELPECON.

So far, those who have registered for the grant since about 3 to 4 years ago have been contacted via call or sms to send in their bank account details.

While some beneficiaries were eager to send in their details, some have responded to calls and SMS’s from ISHIBA executives in harsh manners.

Many have even forgotten that they applied for a grant, thinking that those calls are scams.

Our source has the following findings as to how the grant will be disbursed, starting from November 2020, all conditions being equal:

• The Central Bank of NIGERIA will disburse to TELPECON
• TELPECON will disburse to the NGO (TPGFF)
• The NGO will disburse to all chairmen/chairpersons and Directors
• The Chairmen and directors will conduct verification to all their beneficiaries containing their account details which must be a maximum of 1000 as a complete DATA in an excel sheet format
• After that, the verified 1000 beneficiaries shall be sent to the provided software for onward scanning to avoid duplication of names
• Once this is achieved, the management shall prepare a schedule to the bank for onward payment through the provided account of the beneficiaries or prepared Interswitch card to all the verified beneficiaries.
• The clusters account shall be credited by the NGO for the purpose of Cluster Community Project only and shall be managed by the three signatories with the supervision of the NGO

More updates about the Ishiba grant will be brought to you as we receive them.

Many people still keep asking WHEN will Ishiba pay, what is Ishiba grant disbursement date? Well, you can judge from the updates maybe it’s soon or not.

We’re not Ishiba, we can only give updates that we receive and believe to be true as soon as we get them, not updates based on hearsay.

There’ll be the more latest news about Ishiba grant payment and we’ll be here to let you know every progress made. If you find this post to be helpful, please like, share, and give your comments.