Moniepoint Microfinance Bank has announced that eligible customers can now verify their status and access the Federal Government’s ₦50,000 emergency relief support through its Unstructured Supplementary Service Data (USSD) channel.
How to Check Eligibility
According to a statement issued by the bank on Wednesday, customers can dial *5573*27# from their registered phone numbers and select the option to check their eligibility for the National Emergency Relief and Stabilisation Intervention (NERSI). Customers confirmed as beneficiaries will be guided through the steps to accept the support, with funds credited directly to their Moniepoint accounts at no additional cost.
Purpose of the Intervention
The initiative, led by the Federal Ministry of Humanitarian Affairs and Poverty Reduction, is designed to provide direct financial assistance to vulnerable households, helping them meet essential needs amid prevailing economic pressures. Payment to eligible Nigerians commenced on Tuesday.
Moniepoint’s Role and Beneficiary Selection
Moniepoint confirmed it is among the payment providers selected by the Federal Government to facilitate the disbursement of the relief funds. The bank explained that beneficiary selection is based on the government’s eligibility criteria and verification processes, which rely on verified national identity records and the National Social Register.
The programme is being implemented in phases across the country, and not all customers will qualify or be selected at the same time.
Commitment to Accessibility and Security
Babatunde Olofin, Managing Director and Chief Executive Officer of Moniepoint Microfinance Bank, expressed the bank’s readiness to support eligible customers in receiving assistance under the government initiative. He stated that Moniepoint would deploy its technology and financial infrastructure to make the process accessible, seamless and secure.
Olofin urged customers to use only the bank’s official USSD channel when checking their eligibility or accessing the funds, noting that the process requires no additional payment, documentation or third-party intervention.
The bank advised customers with enquiries to contact its customer service team or the NERSI helpdesk. It also noted that its nationwide network of financial services infrastructure, including Point-of-Sale terminals across the country’s 774 local government areas, would support efforts to extend access to the intervention.
