Direct Savings and Loans: Over 3,000 national service personnel were allergedly defruaded.

Over 3000 national service personnel have been stranded after national service.

At the commencement of their programme, loans were given out to them which were to be used to cater for their accommodation and other necessities.

 The terms and agreement of the loan were that they would be deducted after 9 months.

In the end, the personnel noticed that they were deducted for 11 months. An attempt has been made to get clarification from this company on why the deduction was made for 11 months and has turned into a fiasco.

The NSS secretariat was called and claimed the money was with the Direct Loans company. The loan agency was also contacted and they claimed the money was with NSS.

Information reaching us shows that this same fraud was done to personnel of previous years, who, out of frustration and helplessness, had no other means of funding their accommodations and had to take this loan. 

We, therefore, wish to advise the new service personnel that under no circumstance should they be tempted to take a loan from a company called Direct Savings and Loans or any other loan agency giving loans to NSS personnel. 

Thank you.

Source; defrauded personnel